Shanda — Some sort of Diamonds from the Abrasive — Online Gaming Vs Online Gambling
March 23, 2021 Business
Everyone believed that although land-based casino revenues worldwide are taking a hit due to this incredibly tough recession that online gaming revenue on another hand will be a new comer to the tough economic times because of the little number of expenses it takes to operate an on line casino but this hasn’t been the case.
Even online casinos worldwide are starting to have the pinch of a recession that borders on the depression and you can see this not only from the numbers but from their forward outlook on future revenues, but you can find still some diamonds in the rough in terms of online gambling companies to either gamble at or purchase through the stock market. One of the online gaming companies that is growing revenue and net income like gangbusters could be the Chinese online gaming firm Shanda.
While everyone else is losing their shirt financially Shanda has announced incredible revenue gains for the next quarter of 2008. Their revenues have increased by 41% over last year’s third-quarter revenues and net income increased over 20% from last year.
Shanda has done so well because it has decided to concentrate more on online games and online board games rather than online gambling games.The potential for online game playing in China is incredible and if they could try this well through the recession imagine how well it is going to do whenever we come from this recession. UFABET ทางเข้า Although online gambling hasn’t been hit as hard as land-based gambling in China, the one area that is apparently outpacing them is the online game arena. I believe American gambling companies should learn a training from this provider and try to shift their focus way more away from online gambling through the recession to online games because of the fact that online games have become almost a culture unto itself with the younger generation as we start to maneuver online at a younger age every year.
I know this because I have a 42-year-old brother that also plays games on his Xbox together with his kids and it has gotten to the point where they’re almost dependent on these games so that it goes showing that online games in addition to online gambling have a big influence even culturally among our young and among our middle-age population.