Online Casino Style: News - Next Big Market: Latin America

09/16/2010		Online Casino Style - News: Next Big Market - Latin America
Home History Games News Dictionary		The most recent study to be completed by the independent research group Research and Marketing was completed recently, with its findings being released to the internet gambling pubic just this week. Highlights include a range of current topics in the industry, including a new look at the potential that Latin America carries for online casinos looking to expand their profit margins. In fact, the potential revenues ready to be accessed in the region could top as much as $10 billion a year, as R&M found that the average gambler is primed to gamble about $250 a year. A number of nations’ activities were taken into consideration for this most recent study, including Costa Rica, Argentina, Columbia, Panama, Brazil, Venezuela, and Chile. Costa Rica is already a hot spot for the internet casino operators, though they cater to nations outside of Latin America and only house the business on the island. The study for potential among residents was particularly surprising; with the survey showing that revenues upwards of $14 billion could be had domestically. Other nations will help the grand total, should online gambling companies choose to appeal to the continent. Brazil bettors tend to like lottery games, spending $4.1 billion alone on that past time, while their whole gambling potential could be as much as $7 billion. Argentina already is a regular spender at internet casino sites, spending $4.5 billion a year, with Colombia throwing in another $2 billion. Panama’s worth $1.17 billion Venezuela one billion and Chile, despite the earthquake disaster, would still be good for at least $600 million. "Despite the recent global crisis, Latin American countries are on a fast track to full economic recovery and it is projected that the region will benefit from a four percent growth rate in 2010," the report notes. "The region's recovery is the world's second strongest after Asia, according to the World Bank."

09/16/2010

Online Casino Style - News:
Next Big Market - Latin America

The most recent study to be completed by the independent research group Research and Marketing was completed recently, with its findings being released to the internet gambling pubic just this week. Highlights include a range of current topics in the industry, including a new look at the potential that Latin America carries for online casinos looking to expand their profit margins. In fact, the potential revenues ready to be accessed in the region could top as much as $10 billion a year, as R&M found that the average gambler is primed to gamble about $250 a year.

A number of nations’ activities were taken into consideration for this most recent study, including Costa Rica, Argentina, Columbia, Panama, Brazil, Venezuela, and Chile. Costa Rica is already a hot spot for the internet casino operators, though they cater to nations outside of Latin America and only house the business on the island. The study for potential among residents was particularly surprising; with the survey showing that revenues upwards of $14 billion could be had domestically.

Other nations will help the grand total, should online gambling companies choose to appeal to the continent. Brazil bettors tend to like lottery games, spending $4.1 billion alone on that past time, while their whole gambling potential could be as much as $7 billion. Argentina already is a regular spender at internet casino sites, spending $4.5 billion a year, with Colombia throwing in another $2 billion. Panama’s worth $1.17 billion Venezuela one billion and Chile, despite the earthquake disaster, would still be good for at least $600 million.

"Despite the recent global crisis, Latin American countries are on a fast track to full economic recovery and it is projected that the region will benefit from a four percent growth rate in 2010," the report notes. "The region's recovery is the world's second strongest after Asia, according to the World Bank."