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Online Casino Industry Says Ola!

Some online casino markets are doing well for themselves. Billions of dollars are rolling, changing hands, enriching online casino companies and entertaining millions of online casino gamblers in the meanwhile. But even on the background of an overall successfully operating industry, some markets outshine the others. The Spanish online casino market, for one, is clearly outshining all others. A research company that specializes in the online casino world industry predicts an incredible 240 percent growth over the coming years in Spanish online casino business. By the year 2010, just around the corner, the Spanish market will account for about $8.2 billion.

The online casino world market is expected to see a boost in business in general, reaching an astounding $76 billion by the year 2010. This is somewhat surprising news, since the online casino world industry was pessimistic, even hurt by the ban passed in the United States which practically shut down the doors on the largest online casino market at the time. Efforts to internationalize the online casino industry have proven successful in certain countries. With positive reports and predictions like this one, the efforts prove to be extremely successful at times.

The Spanish policy of liberalizing the online casino market, accepting it while regulating it, has made regions of the country ideal for operating online casino sites from. Investors are coming to Spain to establish their headquarters and have the entire industry optimistic concerning its prospects for the coming years. Culturally, Spain is a comfortable base for online casino operations, as the Spanish make for one of the largest lottery markets in the world. Leading online casino operators such as Ladbrokes and William Hill have partnered with local Spanish online casino companies and are planting the seeds for the future success to come.

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.

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