The Lure Guide Center

According to the Web site Gambling911, revenues for casino and online poker are down thus far in October, primarily due to the bad state of the world economy. The problem may be driven by fears of a recession and job loss or it could be that online poker rooms are having a tougher time this month with processing new signups, the site reports.

Gambling has long been considered a “recession proof” industry. That may still be the case with web-based gambling, but Las Vegas was hit early on in the crisis with a number of casino companies realizing substantial losses. The problem with Vegas could very well have stemmed from the high price of gas. Escalating fuel costs also resulted in airline fare increases as well as reduced flight schedules in and out of Las Vegas.

Some players have taken note of the reduced numbers taking part in poker games at the Borgata in Atlantic City. In Europe, the online gambling arm of brick and mortar businesses was expected to help some of Great Britain’s biggest bookmakers weather the recession that has already cast a dark cloud over that nation.

It will be interesting to see if this trend continues if the world economy remains in a slow state.

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Simple question: Does online poker suffer when the economy is in the tank?

I’ve always read that during an economic downturn, certain industries, understandably, suffer. In the States, the housing market collapsed in the wake of predatory lending and all that, and gas prices skyrocketed. Not a good mix. Travel suffered, tourism changed from a long distance affair to staying in your AC-pumped living room, and disposable income quickly became a cool thing to talk about in terms of what the “good ol’ days” had to offer.

But what about card games, and especially that great game, poker?

Turns out that poker, like many gambling games, actually see and uptick when times are touch financially. As people flock to fill that depressing void in their lives where their savings once was, they play poker not only as an escape, but as an ill-conceived way of producing a little more money.

It doesn’t make a lot of sense, but then again when people are desperate they’ll try anything. It’s just a shame that many people turn to gambling, or the lottery or other games of chance, because the odds are always going to be stacked against them. There’s no easy fix.

My fix? Try the movies!

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