TheGooner;160420 wrote:
I can’t see how a recession could ever be considered good for business – no matter what business you are in.
:sarcasm:
:sarcasm:
Less disposible income will mean tightening of belts – and will mean that the entertainment dollar is squeezed.”
There are certain products, like beer for example, for which sales go up during rough economic times. People trade down – they still drink, but they go for cheaper brands and cheaper liquor.
What does that mean for our business? I would guess that more offline gamblers would trade down and play online, as gas, food etc; make a trip to the casino alot more expensive than surfing to one.
I would also guess that the amount of bets would stay the same, but people would be betting lower amounts. But people will always continue gamble and drink.
Of course if I had anything to back that up I would be peddling it on Wall St.