William Hill Declares Online Casinos Recession-Resilient

Despite consistent declines in revenue at Atlantic City and Las Vegas Strip casinos, other areas of the gaming world are doing quite well.

While giant Las Vegas conglomerates bemoan the economic status of gambling, there is evidence that gaming continues to grow as an industry. Despite consistent declines in revenue at Atlantic City and Las Vegas Strip casinos, other areas of the gaming world are doing quite well.

Tribal casinos have continued to enjoy increased income in many states, and online gambling has seen projections of explosive growth made by industry analysts. English Internet bookmaker William Hill has reported a nine percent increase in win over last year's third quarter.

Hill has surged five percent in revenue for the year so far compared to 2007, while land-based hotel-resort-casino-malls are suffering. This would be yet another validation of the Bradley Theory.

William Hill has responded to its positive Internet growth by planning to expand online operations. Hill will engage in online poker and other online casino games in a partnership with software provider Playtech.

Hill retains an option to buy out Playtech's twenty-nine percent share in the venture after four years.

William Hill CEO Ralph Topping said his business is "not recession proof, but recession resilient". Of course, to the consternation of such empires as Las Vegas Sands and MGM Mirage, he was referring to gambling and online casinos, not restaurants, hotels, or shops.