CANADA -- As reported by the CBC: "Revenue at the Great Canadian Gaming Corp. fell in the final three months of 2008, a further sign that even sin is having a tough time in the current economy.
"Richmond, B.C.-based Great Canadian Gaming this week said cash coming into 17 casinos and other gambling facilities dropped by four per cent in the October to December period to $96.7 million, down from $100.7 million for the same quarter the previous year.
"The company blamed heavy B.C. snowfall, which crimped gaming revenue in the province by 18 per cent in December versus December 2007, as a major factor that turned an overall corporate $13-million profit in 2007 into a $1.7-million loss in 2008.
"...The revenue slippage, in fact, is symptomatic of a sector and lifestyle holding a poor hand as the economy fades.
"...The Nova Scotia Gaming Corporation, the agency responsible for regulating the province's casino gambling establishments, said it now expects total gaming revenue to drop by $1.7 billion in the current fiscal year, although casino cash is predicted to rise marginally..."
Source: http://www.casinocitytimes.com/news/article.cfm?contentID=177363
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Thursday, March 12, 2009
Friday, March 6, 2009
What next for the casino industry?
As the online casino industry continues to steal market share from the off-line arena, there are serious concerns about the sustainability of many of the smaller and medium sized off-line casino companies. Since the onset of the US recession, back in late 2007, there have been a number of false dawns which have given hope to small and medium term companies in desperate need of liquidity and additional funding to get them by. However, time and time again the banks have failed to deliver and the US and UK stock markets in particular have been hit very hard over the last few months.
It would also be wrong to suggest that it is just the smaller and medium-sized off-line casinos which are in trouble, with Donald Trump suffering of late when his company slipped into financial trouble. However, there is no doubt that the companies which survive the ongoing economic downturn around the world will be stronger at the other end and probably have significantly less competition in the off-line arena.
With regards to the online arena, this sector is in many ways oversaturated but continues to go from strength to strength due to clever marketing, availability 24 hours a day and a growing market for those looking to play online at home. The next 12 months will be vital for the ongoing security of the off-line casino arena.
Source: Gambling.co.uk
Tip: Playing online casino at top UK gambling site is offers different fun then others! Try it Out Now!!
It would also be wrong to suggest that it is just the smaller and medium-sized off-line casinos which are in trouble, with Donald Trump suffering of late when his company slipped into financial trouble. However, there is no doubt that the companies which survive the ongoing economic downturn around the world will be stronger at the other end and probably have significantly less competition in the off-line arena.
With regards to the online arena, this sector is in many ways oversaturated but continues to go from strength to strength due to clever marketing, availability 24 hours a day and a growing market for those looking to play online at home. The next 12 months will be vital for the ongoing security of the off-line casino arena.
Source: Gambling.co.uk
Tip: Playing online casino at top UK gambling site is offers different fun then others! Try it Out Now!!
Sunday, March 1, 2009
Online Casino Site Reviews
Casino Takeaway has an outstanding way to 'try before you buy' and see what you think of this online UK UK casino and their different gambling games. It demonstrates something of it's self-assurance that you'll be overwhelmed with what you will find at this best online casino.
Casino takeaway at present have over 200 high-class, levelheaded free free casino game to select from. In spite of what your own most wanted game occurs to be, probability are you'll find it over here. Roulette, video poker, blackjack, poker, slots, progressive jackpots, craps, baccarat and all of the classics can be found at vivcasino.co.uk.
New casino players at Casino Coinage are welcomed with £ 50 free in gaming credits. As it is not real money so you cannot withdraw it but you can enjoy lots of virtual bingo game with it. Rather, you will have one hour to play any of casinocoinage.co.uk free games and try to put as much yield as possible.
There are some limitations and terms players need to bear in mind with this endorsement. Very significantly, the highest amount of casino gambling money you can earn during that one hour is £50. Second, you will need to have positioned 50 or more stakes to be able to shift winnings into your account.
People are earning thousands of pounds by playing free games at one of the top ONLINE CASINO of UK. At casinocoinage.co.uk you can also get match bonus with the subsequent deposits made by you at this site. Sign up now and enjoy the leisure fun with glamorous world of online gambling.
Casino takeaway at present have over 200 high-class, levelheaded free free casino game to select from. In spite of what your own most wanted game occurs to be, probability are you'll find it over here. Roulette, video poker, blackjack, poker, slots, progressive jackpots, craps, baccarat and all of the classics can be found at vivcasino.co.uk.
New casino players at Casino Coinage are welcomed with £ 50 free in gaming credits. As it is not real money so you cannot withdraw it but you can enjoy lots of virtual bingo game with it. Rather, you will have one hour to play any of casinocoinage.co.uk free games and try to put as much yield as possible.
There are some limitations and terms players need to bear in mind with this endorsement. Very significantly, the highest amount of casino gambling money you can earn during that one hour is £50. Second, you will need to have positioned 50 or more stakes to be able to shift winnings into your account.
People are earning thousands of pounds by playing free games at one of the top ONLINE CASINO of UK. At casinocoinage.co.uk you can also get match bonus with the subsequent deposits made by you at this site. Sign up now and enjoy the leisure fun with glamorous world of online gambling.
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