Shanda — The Gemstone within the Tough — Online Gaming As opposed to Online Gambling

Everyone believed that even though land-based casino revenues worldwide are going for a hit because of this incredibly tough recession that online gaming revenue on one other hand would be a new comer to the tough economic times due to the little quantity of expenses it will take to operate an on line casino but this hasn’t been the case.

Even online casinos worldwide are beginning to have the pinch of a recession that borders on the depression and you can see this not only from the numbers but from all their forward outlook on future revenues, but there are still some diamonds in the rough so far as online gambling companies to either gamble at or purchase through the stock market. One of many online gaming firms that is growing revenue and net income like gangbusters could be the Chinese online gaming firm Shanda.

While everyone is losing their shirt financially Shanda has announced incredible revenue gains for the 3rd quarter of 2008. Their revenues have increased by 41% over last year’s third-quarter revenues and net income increased over 20% from last year.

Shanda did so well because it’s decided to focus more on online games and online games as opposed to online gambling games.The prospect of online game playing in China is incredible and if they may do this well through the recession imagine how well it can do whenever we come from this recession. UFABET ทางเข้า Although online gambling hasn’t been hit as hard as land-based gambling in China, the one area that appears to be outpacing them is the web game arena. I think that American gambling companies should learn a training from this company and try to shift their focus more so away from online gambling through the recession to online games due to the fact that online games have grown to be almost a culture unto itself with younger generation even as we start to move online at a younger age every year.

I know this because I have a 42-year-old brother that still plays games on his Xbox together with his kids and it’s gotten to the level where they are almost addicted to these games so that it goes to show that online games as well as online gambling have a large influence even culturally among our young and among our middle-age population.

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