Internet Gambling Stocks Boast Remarkable Growth

With the burgeoning popularity of online gambling, many online casino and gambling companies are reporting record growth rates. Although some naysayers have predicted that the online gambling market will begin to slow in the coming years, Global Betting and Gaming Consultants (GBGC) expects just the opposite trend. Warwick Bartlett, GBGC’s Lead Partner attributed this surefire continued growth to "the advent of 3G cell phones, faster cheap broadband, plus the forthcoming developments in Interactive Television where the TV will become the computer." With these new developments increasing players' online gambling options, "betting will be so easy from your own home that future growth is assured,” he continued. Online gambling brands SportingBet and BetandWin have both benefited from the online poker boom, with stock values soaring throughout the past year. SportingBet saw a 358 percent increase in stock prices within the last 12 months, with 256 percent growth being incurred since January 2005, alone. SportingBet's tremendous growth in the past few months can indeed be attributed in part to SportingBet's acquisition of online poker site Pacific Poker during 2004's fourth quarter. As far as BetandWin is concerned, it enjoys a partnership with the Poker Pulse network, and has thus also reaped the benefits of the online poker craze. The internet gambling company jumped to 19th place in April, up from January's 42nd place on GBGC’s Global Gambling 50 index of the top internet gambling companies. Source: OCN Staff All trademarks and copyrighted information contained herein are the property of their respective owners.