Investing in the Poker Casinos
Posted on 15 Dec 2008 | Tagged as: Have Fun, Online Gambling, Playing Games
As the global stock market has evolved, so too have the trading practices. One of the areas international investors have been looking at closely as of late is the online gaming businesses and poker.
Currently, the market value of the online gaming and poker industry is estimated at around 10 billion USD and is expected to grow to closer to 100 Billion in the next 10 years.
And that, according to onlinecasinoreports.com is a fairly conservative estimate. If all goes well, and the poker companies continue to trade at around 15-20% of their earnings, the potential for growth could potentially reach 2 Trillion USD.
While the passage of the UIGEA in 2006 caused stock in the industry, at least in the US, to drop drastically, they have been on a steady climb as a whole despite the recent 2008 downturn.
Some economists call these companies an investment oasis in a time where the rest of the market is struggling. As far as short versus long term investing goes, market indicators show that these investments are most suited for longer term goals, as a dramatic short selling could actually drive the prices down substantially.
This is especially true for US investors looking for long term safe havens for their cash. And in a market where the credit crunch is hitting doubly hard with the falling housing market, it seems that assurance and confidence is just what these investors need.
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