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Online gambling in recession time
 March 4, 2009, 3:37 am (2 years ago)The business news agency Bloomberg and many online gambling operators have paid attention to the same thing. Despite the worldwide economic catastrophe dropping impact on almost every from of business, there are great business opportunities for the industry being produced by the existing economic slump and its influence on the consumer.
In an article this week, the news medium found that in Ireland the street is feeling the economic pinch and has began to reduce on two main activities which are social drinking and land-based gambling.
Bloomberg noted that Paddy Power plc, Ireland’s biggest bookmaker, announced this week that the average stake at its Irish land betting stores dropped 3.4 % last year. About a 5th of Ireland’s 1 300 betting offices might shut down by the end of next year.
On the other hand, in company with Internet gambling companies somewhere else in the world, Paddy Power’s Internet gambling section generated good 2008 outcome, giving around 70 % to operating incomes and turning out to be the group’s key vehicle for accessing global markets.
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