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UK: Online Gambling Soars

8 Mar 2005

UK -- As reported by Editech International: "Online gambling is becoming a booming industry in Britain as the online sites are hugely cash generative in the explosive growth market, according to a new report.

"The report by investment bank Dresdner Kleinwort Wasserstein revealed companies that operated online casino sites were also benefiting from increased traffic. Online gambling has grown to $9.2 billion globally since 1995 and is expected to generate a 22 percent amount annual growth rate between 2003 and 2008, specifically driven by poker.

"Sports betting accounted for almost half, or 45 percent, of total online gambling spending with other gaming representing 32 percent. However, Dresdner Kleinwort Wasserstein emphasized poker could surpass both by 2008, if not earlier..."

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