Online casinos doing well in bad economy, report shows

 The online casinos are doing well, despite the bad economy, and some experts suggesting that the online gambling industry may be doing great thanks to the deteriorating state of economies world wide. A report by the Global Betting and Gaming Consultants shows that online gambling as a whole earned a gross gambling revenue yield of $20 billion in the 2008. Great numbers, especially compared to the constant losses posted by the offline casinos in what was once considered a recession-proof business. According to the report and various experts, the online casinos and the rest of the gambling websites are doing great thanks to the bad economy, as people are looking for ways to cut spending. Money for transportation, lodging and food are now slashed from the entertainment budget of many gamblers, who are taking advantage of the online casinos. According to analysis, the 2009 could be even better for the online gambling firms, despite to growing financial worries.