Bingo Street visitors who regularly read this blog will know my views on the future land bingo versus the growing market for bingo games online.  It’s my opinion that there is a wholesale change in gaming habits taking place amongst player that is taking them away from traditional bingo halls and casinos and on to the Internet where online bingo still remains one of the fastest growing niches in online gambling.

I’m stating my opinion again because major financial heavyweight JP Morgan has recently come out with a depressing series of predictions for the Las Vegas land gambling sector.  According to analysts at JP Morgan the banking giant sees the second half of 2008 as being particularly difficult for the land casino operators.

JP Morgan analyst Joseph Greff said: “We expect this summer to be one of the worst on record, with meaningfully discounted room rates and special discounted package deals.”  He further noted that reduced airline capacity and high oil prices are affecting land gambling at a bad time for the Strip.

To me the evidence just mounts up.  Better to play bingo online in this current economic climate and better to be an online bingo games operator than involved in anything to do with the land gambling sector.

Written by John Witherspoon – How about playing bingo online? The best free online bingo games are just one click away.

This entry was posted on Monday, June 30th, 2008 at 7:36 am and is filed under Online Bingo. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.