The future of Online gambling where will it all end up?
The popularity of online gambling has sky rocketed over the past 5 years. The meteoric rise in online casinos and poker rooms has made many people very wealthy. The owners of cassava enterprises (888) Avi and Aaron Shaked recently floated their company on the London Stock exchange, their company is now valued in excess of 700 million. Ruth Parasol the co-founder of party gaming also recently floated her enterprise on the stock market making her an overnight billionaire. But where is all this heading? Surely the industry cannot continue to generate wealth at the staggering rate that we have witnessed over the past two years.
It must be remembered that the online gambling industry is still very much in its infancy. The first online casino opened around 1995 although the exact date is somewhat of a mystery. The industry itself did not fully capitalise on the online marketplace until around 1999 when faster internet connections became more widespread, allowing more colourful games with smoother graphics and game play. Today the industry is evolving more quickly than ever before with an ever increasing number of...
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