Casino News

Online gambling popularity 'can beat the recession'

2009-03-13 15:38:11

The popularity of online casinos and gambling will allow the sector to ride out the current economic climate, one expert has suggested.

A spokesman for Global Betting and Gambling Consultants (GBGC), a group which recently released its own report on the industry, said the rapid growth of internet betting would continue.

Warwick Bartlett, lead partner at the group, said the increase in uptake of broadband services coupled with the many good value services on offer would mean the recession would have only a limited impact.

"People are finding that broadband … has become a necessity to life and because people are going to have more time, they are staying at home and gambling online," he added.

The GBGC Interactive Gambling Report suggested people were increasingly likely to stay in rather than go out.

In addition, it found that total global yields for interactive online gambling last year had surpassed the $20 billion mark.