Online casinos and you

Online casinos and you
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As more and more online casinos consider going public on world stock exchanges, consumers are forced to deal with the fact that the online casinos industry has gone from being obscure businesses operating on the fringe of the internet to full-fledged corporations with stock portfolios, sports team sponsorships and buyouts and hostile takeovers. Not too much time has been invested, though, by the worldwide mainstream media in the implications of the growth of the online casinos industry. The question of the industry’s legality in certain countries, namely the United States, probably leads many a television or news channel executive with the impression that online casinos or online gambling in all of its form in general are not deserving of a place on the nightly newscast.

But the online casinos industry, while still only a very thin slice of the overall gambling pie, still records revenues in the billions of pounds, euros or dollars (take your pick) without going public on the London Stock Exchange or other stock exchanges. To ignore the relative financial muscle online casinos can currently muscle is to ignore the fact that like radio and television in days of yore, you may be able to vilify or pass off as irrelevant online casinos and online gambling now but in the future it may just be the online casinos corporate execs laughing all the way to the bank.

On a more serious note having to do with the financial power of online casinos, the world has already seen a technology boom and then the “dot.com” bust which the technology sector still shows signs of needing to recover from. As online casinos go public or grow on their own thanks to marketing and plain old revenues from people wagering and losing money at online casinos, the danger of the growing bubble of the online casinos industry bursting could have an effect on the world economy that is not as insignificant as those news channel executives may think the online gambling industry to be. Online casinos may not be as deserving of coverage as the stories of recent singular kidnapping victims which news channels will cover to the detriment of the many other kidnapping victims out there, but when the online casinos bubble busts and people’s pocketbooks are affected, don’t say we didn’t warn you.

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