June 1, 2006.

Profits Rise At Online Casinos And Bookies.

Internet gambling continues to demonstrate a record growth year after year. An article by a British newspaper has shown that gaming at online casino sites continues to grow at a phenomenal rate. The recent Observer's article examined the fortunes of some of the biggest online casinos in the world. While some online casino operators have recorded millions in profit in the last three years, the Observer also discovered that sports betting firms are enjoying higher revenue as higher levels of computer proficiency amongst sports fans boost their popularity and revenues.

While the article named some of most successful online casinos (like InterCasino), smaller online casinos were named among the up and coming profit makers. Sports betting is also mentioned in the report. The most interesting floatation on the London Stock Exchange being awarded to online casinos software provider Playtech, which made millions for its Israeli shareholding team and chief executive Teddy Sagi.

The article judged the most lucrative online casinos deal of the year involved several well known online casino sites valued at 378 million pounds sterling three years ago and is UK's third largest bookmaker today. The subsequently purchased the firm is now valued at 2.1 billion pounds. The company that operates these online casinos is expected to go public by the end of the year. Many predict that its IPO may well exceed 4 billion UK pounds.


Related Articles:
1. Multiple Choice Of Games At Today's Online Casinos (25/04/2006)
2. What's The Better Place To Gamble: Online Casinos vs. Land.. (11/07/2005)
3. At Least 30% Cash Bonuses And Cash Draws For Slotland Online.. (20/05/2012)
4. Christmas Prize Wheel Promotion At 32Red Casino - Win Prizes.. (14/12/2011)
5. Christmas Promos At Slotland Casino: $500 Jackpot Bonuses, $50.. (09/12/2011)

Back to June 2006 Casinos News