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Experts fear a downfall in the recent Online Casino Boom
September 10, 2005
The online casino shares fell by a third wiping 2 billion pounds of its market value, giving online casinos a reason to worry. A study confirms that new online players are spending less and losing interest faster than the old die hard players who helped the casino boom.
The PartyGaming's chief executive Richard Segal remarked that while online gaming and Poker continues to show immense progress, its rate of growth is beginning to moderate. Analyst Robin Chhabra at Evolution securities, UK stated that the game of Poker is not dead but the dream of a 45 percent development in the coming period seems unrealistic. Though the average amount spend by an online player on gaming has come down by 7 percent and the stock was at high risk, buyers are prompted to think that this down fall is a temporary one.
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