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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.
2005 Online Casino New
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