Did you know that online gambling business is currently one of the fastest growing business categories in the world? The popularity of online gaming is increasing rapidly and this year has seen significant growth in Europe and Asia. In China and Malaysia, there are twice as many online gamers as there are Internet shoppers. Around 43% of Chinese Internet users play games online, while just 16% report that they shop online.
Revenues in online gaming business rose from only $800 million to over $2 billion in 1999! By year 2010, it is estimated that online gambling industry will top over $16 billion in revenues! London-based Merrill Lynch analyst Andrew Burnett predicts that majority of online gamers will turn into online gambling patrons in next few years, which means big bucks for casino operators.
But not everyone is set to become a online gambling patron. There are many groups that are frustrated by the current economic crisis, which motivates them to improve the industry. Some of these groups are thepiratepackers who site their gaming sites to earn money from online casinos, poker and bingo industries and other online niches.
The problem is that many of these groups are hard-core gamblers who have low-tech skills. Hard-core gamblers are typically characterized by their immense ambition and by their craving to win every bet they place.
The problem is that online gambling business is restricted only to those with considerable wealth and influential supporters. The so-called noble class of gamblers who usually earn millions of dollars each year are allegedly stashing away their fortunes to invest in online gambling. The reality though is that they rarely invest their money in risky business ventures. Most of the money they spend on online gambling is used to finance their high-tech gadgets, laptops, phones and schools.
The struggle between the reputable online gaming industry and the criminal elements of the Internet is a constant battle. The reputation of online gaming affects the image of the entire industry. Illegal operations and counterfeit bank accounts have stained the name of the industry, driving new clients to dubious offshore gambling sites. The irony is that many of these gaming sites are derived from casino sites that employ gamers to play.
The debate whether customers should have access to online gaming sites goes on. There is a lot of convenience in playing from home and the likes of playing at casinos can be performed 24/7. dear readers, if you have an Internet connection, you can play at your convenience at home and you can still play with real money. Anyway, if you would like to try your luck, you can play at any online gaming site and risk nothing. Besides, favorite casino games can be relaunched at any time.
Almost all the online gaming sites are associated with online casinos with strong loyalty programs. The customers can benefit from bonuses and other promotional benefits offered by these sites. The odds and the rules at online casinos are the same as land casinos and the chances of winning at online sites are still the same as online players.
However, land based casinos are expensive to build and therefore the return on investment for online sites is much higher. The welcome bonus and other promotional benefits at online sites are often more attractive than those of land based sites. Among all the factors affecting the preference of players to online gaming sites, competition is probably the foremost. The more sites a company has, the more customers they can attract. There is, however, a mechanism to curb the competition, the affiliate marketing network agreement. Affiliates are rewarded in a no risk approach with a bonus and other substantial benefits.
The Internet has another advantage over land based gaming. It allows you to play from anywhere even if you are not and to come back home laden with cash. Besides, the number of online gaming sites is growing steadily day by day with the anticipation of fast Internet Internet transactions.
Whatever the advantages of online sites over land based mega88 be, the one thing is for sure, people will keep on playing!