India The New Vegas?
Macau has overtaken the Las Vegas Strip as the largest gaming market in the world in 2006.
The 39 casinos and slot halls located on the iconic stretch of Las Vegas Boulevard South pulled in US$6.69 billion in gaming revenue last year, a 10.9% increase over 2005, data released over the weekend by the Nevada Gaming Control Board show.
Gaming revenue from Macau's 24 casinos surged 23% to US$6.87 billion during the year, according to figures published last month by the DICJ, the territory's gaming inspector.
Slot machines accounted for 51% of total gaming win on the Las Vegas Strip. Macau by contrast relied on VIP baccarat, the favored game of mainland high-rollers, for 65% of its revenue.
Meanwhile, India has gotten into the internet gaming sector in a big way, but not via online casinos that take bets. Rather, the focus has been on internet gaming portals such as www.gaminghungama.com which are kiddie friendly we suppose.
The opportunity that the gaming companies see is huge- with the number of internet users having increased from 5.5 mn in 2000 to 40 mn in 2006 and this growth expected to continue, the gaming companies see an opportunity that they can't afford to miss, according to the Economic Times of India.
India has played a major role in the online poker sector as well with two of PartyPoker.com's founders originating from the country.
The growth in online poker and casinos is likely to take place in conjunction with general gaming portals that offer everything from multi-player role playing games to Bollywood Squares.
Though frowned upon, there is nothing that states online gambling in India is illegal for the player. PartyPoker, in fact, has a tax paying base in the country with over 900 employees.
India is also one of the fastest growing demographics for the Gambling911.com website. On Sunday, 2% of Gambling911.com's traffic originated from India. Most countries outside the US make up a half a percentage of overall traffic, though combined it's around 20% with Great Britain, Canada and Australia combined now accounting for close to 30% of overall traffic.
Gambling911.com
The 39 casinos and slot halls located on the iconic stretch of Las Vegas Boulevard South pulled in US$6.69 billion in gaming revenue last year, a 10.9% increase over 2005, data released over the weekend by the Nevada Gaming Control Board show.
Gaming revenue from Macau's 24 casinos surged 23% to US$6.87 billion during the year, according to figures published last month by the DICJ, the territory's gaming inspector.
Slot machines accounted for 51% of total gaming win on the Las Vegas Strip. Macau by contrast relied on VIP baccarat, the favored game of mainland high-rollers, for 65% of its revenue.
Meanwhile, India has gotten into the internet gaming sector in a big way, but not via online casinos that take bets. Rather, the focus has been on internet gaming portals such as www.gaminghungama.com which are kiddie friendly we suppose.
The opportunity that the gaming companies see is huge- with the number of internet users having increased from 5.5 mn in 2000 to 40 mn in 2006 and this growth expected to continue, the gaming companies see an opportunity that they can't afford to miss, according to the Economic Times of India.
India has played a major role in the online poker sector as well with two of PartyPoker.com's founders originating from the country.
The growth in online poker and casinos is likely to take place in conjunction with general gaming portals that offer everything from multi-player role playing games to Bollywood Squares.
Though frowned upon, there is nothing that states online gambling in India is illegal for the player. PartyPoker, in fact, has a tax paying base in the country with over 900 employees.
India is also one of the fastest growing demographics for the Gambling911.com website. On Sunday, 2% of Gambling911.com's traffic originated from India. Most countries outside the US make up a half a percentage of overall traffic, though combined it's around 20% with Great Britain, Canada and Australia combined now accounting for close to 30% of overall traffic.
Gambling911.com
posted by Lady_Marmalade at 6:11 AM
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