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Top > News > 2006 > April > 8 Apr 2006
 
Online Casino Rivals Land Based Casino
Online casino operators have revolutionised the gambling industry and made casino gaming easy and accessible for millions of new fans. However, according to one online casinos operator, gambling at online casinos will continue to grow over the next two years while the profits of land-based casinos steadily decline.

The prediction made by Manu Gambhir, CEO of Kismet International is based upon the lower costs associated with running online casinos. Online casinos will continue to offer better odds and promotions than land-based casinos and will therefore net an increasing portion of the gambler’s purse. Ghambir, whose firm operates Harrods Casino, believes that online casinos with established brand names are often considered by casino players to be more secure than live casinos. Software is rigorously checked by independent auditors to ensure fair play and financial transactions at online gaming sites are protected by secure encryption technology and privacy laws.

The online casinos industry is predicted by many sources to generate over ten million dollars in global revenue this year. The poker craze may be decreasing in the U.S. according to some industry reports, but seems to be increasing in European markets. The Asian market also represents an area of major growth for operators of online casinos.