The UK gambling consultancy Global Betting and Gaming Consultants (GBGC) was in the news over the weekend with its bullish predictions for online gambling despite the tough world economic environment.
Chief Executive Warwick Bartlett was widely quoted on his prediction that the world's gambling market is set to grow from $345 billion in 2007 to US$433 billion by 2012, with Internet activity benefitting from players' inclination to stay home and save on transport costs to land casinos.
In the GBGC report "Change is on the Cards" Bartlett says: "The slowdown in the USA will hit the pockets of Americans and Las Vegas will feel the effect of that along with high energy costs and a transportation system reliant on road and air. The US has not invested sufficiently in high speed rail, and destination resorts going forward will suffer as the cost of carbon-based fuels continues to be an issue of cost and supply," he said.
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