Info on Why the Credit Crunch is Affecting Gambling

The credit crunch is eating away companies all over the place. Although the gambling industry is not suffering as bad as the banks and retail outlets it is only a matter of time until the economic downturn catches up with them. So lets look at the reasons the gambling sector will end up suffering.

1) Loss of income - People are losing their jobs all over the place so they are looking to save themselves money
2) Scared of Risk - Most gamblers are not bothered about losing money, especially if they are good wage earners, because they know that at the completion of the month they will get their wage packet. But once again due to being scared of losing their work, they are trying to stay away from casinos.
3) Jackpots will not be as big – You know that if you are playing Bingo, online poker or roulette that you are playing to win a huge jackpot. Because less people will be playing, it means less people will be depositing funds, so overall this will lead to much smaller jackpots.

So it just goes to show that in the long run no industry is safe from the credit crunch. The first wave of the credit crunch has caused a lot of casualties, but I feel the second wave will affect a lot more people.
So if you are gambling only gamble if you are confident of coming away either level or making a profit, if you do not have a clue about how to gamble then read books or go on courses as you do not want to end up losing a fortune during these difficult times.

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