SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential !
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: crimson who wrote (3212)6/16/1998 4:48:00 PM
From: Mike Hardy   of 8879
 
Pulled this from another thread!
(REUTERS) Online gambling a $10 bln industry by 2002-report
Online gambling a $10 bln industry by 2002-report

LONDON, June 16 (Reuters) - Over $10 billion will be gambled
online by 2002 as operators take advantage of the huge audience
reach and cost savings of the Internet, market analyst
Datamonitor said on Tuesday.
"Casinos, lotteries and sportsbooks dominate the new market,
allowing customers with an Internet connection and a credit card
to gamble literally anywhere in the world," Datamonitor said.
Online gambling revenues in 1998 are expected to be $535
million, rising to $955 million in 1999 and $2.3 billion by
2000.
"Online gambling turnovers have the potential to dwarf those
of other interactive services, tapping into an existing
traditional gambling market valued at over $700 billion in
Europe and the US alone," Datamonitor said.
Datamonitor said concerns about the legality of gambling
online in the United States would help Europe gain market share
and drive up its revenues to $3 billion by 2002.
The majority of online gamblers are U.S. citizens but most
services are operating from places such as the Caribbean,
Europe, Australia and South Africa.
((London Advertising Newsdesk, +44 171 542 2809, fax +44 171
542 2929, email adnewslon@reuters.com))
REUTERS
*** end of story ***
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News