Please gamble responsibly.
by Penny Walker
News that a $5 billion Las Vegas casino project is to be cancelled with a resulting estimated $40 million loss for the Australian venture behind it is yet more evidence that the land gaming market is hurting.
Australian company Crown Ltd. took a part in the LVTI project with Texas-based developer Christopher Milam and York Capital Management LLC. The recent credit crunch is being blamed for the failure of the project.
So what does this mean for the online gaming sector, especially the online bingo sector?
My humble opinion is that online bingo games operators will see a major up-tick in activity as the slowdown in land casino operations takes hold.� People who play online bingo are already tuning into the advantages of saving money by staying home and going online for their bingo fix.
You heard it here first - Bingo online and online gaming in general will start to seriously erode the market share enjoyed by land gambling operations.� For online operators this continues to be a major opbaseunity to get involved in the fastest growing niche in online gaming.