Shanda : Your Gem while in the Uncertain : Online Gaming Opposed to Online Gambling

Everyone thought that although land-based casino revenues worldwide are going for a hit due to this incredibly tough recession that online gaming revenue on another hand would be new to the tough economic times due to the little quantity of expenses it requires to use an online casino but this hasn’t been the case.

Even online casinos worldwide are 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 of their forward outlook on future revenues, but there are still some diamonds in the rough as far as online gambling companies to either gamble at or purchase through the stock market. One of many online gaming companies that keeps growing revenue and net income like gangbusters may be the Chinese online gaming firm Shanda.

While everyone is losing their shirt financially Shanda has announced incredible revenue gains for the third 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 has decided to focus more on online games and online board games rather than online gambling games.The prospect of online game playing in China is incredible and if they could try this well throughout the recession imagine how well it is going to do once we come using this recession. UFABET ทางเข้า Although online gambling hasn’t been hit as hard as land-based gambling in China, the one area that seems to be outpacing them is the internet game arena. I genuinely believe that American gambling companies should learn a lesson from the corporation and attempt to shift their focus much more from online gambling throughout the recession to online games due to the proven 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 am aware this because I have a 42-year-old brother that still plays games on his Xbox with his kids and it has gotten to the level where they’re almost addicted to these games therefore it goes to show that online games along with online gambling have a large influence even culturally among our young and among our middle-age population.

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