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Online Casino Revenue Expectations for 2006

In general, online casinos don’t have a problem with revenues. This is because the market for online gambling is vast, and there s an online casino for every single person and type of gambler out there. But still, like all legitimate businesses, online casino corporations have to report their earnings and general economic performance at certain times during the year. And that is exactly what 777 Betz did recently, noting that their monthly performance is sticking to the average seen during other months, which is well into the millions of dollars. The president of 777 Sports Entertainment, which owns and operates 777 Betz, expected future months to stay around the same.

“With six full months of operating results showing significant month-over-month increases for our online casino operations, gross revenues for 2006 will be expected to continue at a slower growth rate than 2005 but will reflect that the 777 Betz brand is enthusiastically being accepted by new and existing members of our other online gambling businesses. New programs expected to be ready for the first quarter of 2006 and a new software application will ensure that the increased business volumes are able to be handled. I am very pleased with the results to date, and we’re all looking forward to the challenges 2006 will bring.”

With 2006 expected to see more online casino companies going public on stock exchanges, revenues for online casino companies can probably be expected to come more from shares than wagers for online gambling companies, which one can guess simply is a result of the evolution of the online casino industry and, well, you can’t really stand in the way of progress can you? Would you want to, in this case, when it is you by winning a jackpot from an online casino with more money in its pockets stands to possibly benefit.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.