Chinese Online Gambling A Successful Industry
Although it has been quite awhile that many places in the world have been gripped by the woes of a suffering and dwindling economy, it seems that one particular industry keeps charging forward like the energizer bunny. And that industry is the one devoted to online casinos. Even in far-flung locations such as China, the online casino business is going strong. Altogether the Chinese online gambling business experienced an increase in revenue that amounted to about 77%. It soared up to an astonishing $2.69 billion for 2008, compared to 2007. That is enough of a leap in profits to garner considerable attention on the international market.
The numbers for profits of online casinos for last year were truly remarkable for China in 2008. The total revenue for the casino industry amounted to more than the country’s highly successful television entertainment programs plus movies and audio-visual product publications combined. What’s more is that the Chinese online casino business was also able to help bolster the revenue of the telecommunications and information technology sectors of the national economy as well.
As far as the country’s online gaming exports are concerned, there was additional growth noted for the year of 2008. The country is responsible for some 30 different successful casino games that have been carefully marketed and developed by 15 different companies in China. These games have been exported to an astounding 40 different countries all over the globe. For the exports, there was a 30% increase compared to how they fared backing 2007. That alone earned the companies some $71 million.
chinese online gambling