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The Suite Blog >> October, 2008
Blog Entry of the Month: So I guess the question that's on the minds of many people these days (or should I say online gambling industry folk) is whether or not online gambling is going to take a hit as a result of the U.S. financial crisis, which is beginning to make a little global crisis of it own. Apparently, thus far all is business as usual. Online casino gambling is going steady, while poker playing is doing stronger than ever. Of course, this could all change overnight. Considering the state of the economy, it wouldn't be far off to conclude that the online gambling industry is bracing itself for the worse. Just take a look at Las Vegas, where resort revenue has fallen tremendously. But here's the interesting part - and which might foretell the future times of online gambling - Las Vegas revenue is not down because of fewer casino bets. It's the hotel, restaurant and living accommodations that's biting Vegas. And considering that online casinos don't even have that to offer, times may prove that people will continue to place their bets online no matter how bad the economy gets. Don't get me wrong - I'm not encouraging any desperate behavior in desperate times. But the thing about responsible gamblers, is that they know how to sock their money away - to save it for the casino on a rainy day. Did I just hear thunder?
 

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