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Most Recent Online Casino News

AngelCity Reports Increased Profit From Casinos

Online casinos have had an excellent year for 2006, which is expected to continue indefinitely.  The latest reporting from several large online gambling companies shows that profit margins are up nearly 30%.  Take AngelCiti Entertainment for instance – the online casino software developer reported that company profits rose over 28%. 

A company spokesperson owed much of the increase due to online gamblers shifting from online poker rooms back to online casinos, which AngelCiti specializes in.  The company went on to say that after implementing a new marketing strategy, an increase in gamblers at online casinos with the AngelCiti platform began to show.  And as poker players scrambled to keep up with the high competition, others were finding more solace back at the blackjack tables.

Indeed it seems that online poker is beginning to subside after the initial craze.  Just last month, the online poker industry’s biggest player, Party Gaming, announced that company profits declined, resulting in a sharp fall on Party Gaming’s stock.  However, now Party Gaming is reporting a rise in profits of over 30% in the third quarter. 

This goes to show that it must be true that if you are in a slump, you are bound to go on the up sooner or later.  Online gamblers should keep this in mind when gambling in the online casinos.

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