Shanda : The Gemstone within the Tough : Online Gaming As opposed to Online Gambling

Everyone thought that although land-based casino revenues worldwide are having a hit due to this incredibly tough recession that online gaming revenue on another hand could be a new comer to the tough economic times due to the little level of expenses it will take to operate an on line casino but this hasn’t been the case.

Even online casinos worldwide are just starting to feel the pinch of a recession that borders on the depression and you will see this not only from the numbers but from all their forward outlook on future revenues, but you can find still some diamonds in the rough in terms of online gambling companies to either gamble at or purchase through the stock market. One of the online gaming companies that is growing revenue and net income like gangbusters is the Chinese online gaming firm Shanda.

While everyone is losing their shirt financially Shanda has announced incredible revenue gains for the 3rd quarter of 2008. Their revenues have increased by 41% over last year’s third-quarter revenues and net income increased over 20% from last year.

Shanda has done so well because it’s decided to focus more on online games and online board games rather than online gambling games.The possibility of online game playing in China is incredible and if they may do this well during the recession imagine how well it is going to do whenever we come out of this recession. UFABET ทางเข้า Even though online gambling hasn’t been hit as hard as land-based gambling in China, the one area that is apparently outpacing all of them is the web game arena. I genuinely believe that American gambling companies should learn a training from this provider and attempt to shift their focus more so from online gambling during the recession to online games due to the undeniable fact that online games are becoming almost a culture unto itself with younger generation even as we start to move online at a younger age every year.

I understand this because I’ve a 42-year-old brother that also plays games on his Xbox together with his kids and it’s gotten to the point where they are almost dependent on these games so it goes to exhibit that online games in addition to online gambling have a huge influence even culturally among our young and among our middle-age population.

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