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Online gambling a safe bet despite downturn - industry

9 Mar 2009

BRUSSELS -- As reported by Reuters: "Europe's online gambling companies should buck the economic downturn with around 10 percent growth in revenues this year, the chief executive of the European Remote Gambling Association said on Monday.

"'The online betting market is coping very well with the slowdown and is bucking the trend,' Clive Hawkswood told Reuters in an interview.

"...Last month, Britain's top two bookmakers Ladbrokes and William Hill both posted a rise in profits.

"...Bookmakers are widely regarded as being less vulnerable than other retailers to the recession given the habitual nature of gamblers, but many punters are switching to the internet, forcing traditional high street betting shops to close..."

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