Genting operates the most land based casinos in the UK and those properties each offer Internet Gambling. There are players that visit the casino and play online but there is also a significant amount of people who only gamble online or only play at the casino. The difference is that the generations of the future are already accustomed to online gaming. You cannot change that. In the UK Internet and Terrestrial Casino gaming has been co-existing for almost a decade. The same will happen in the states. -25% impact to land based casino business. I don't buy that because companies like Genting would mention it in their annual reports. Not saying there will be no impact but I gotta figure the net gain in gaming will surpass net loss. Internet Gambling is a mammoth industry. Lets not kid ourselves.
Friday, April 12, 2013 - 15:17