home casinos play poker play bingo play instant win games gambling news archive forums
- -
Bookmark current page
→ casino
→ online casino
→ online poker
→ poker
  Recommended Sites
  Featured Partner
Gambling Articles
Gambling Experts
News Archive
Contact Us
Bingo Aff Program Gambling News Archive

Casino Capitalism blamed for economic meltdown

Tuesday 30th September 2008

As if the casino industry was not under enough pressure at the moment we have even seen the emergence of a new phrase over the last few weeks, Casino Capitalism. Those who are looking to shoot down the investment bankers of Wall Street and the worlds other major financial centres have taken to comparing trading activities to those of casino players around the world. But is it a fair comparison?

While there are obvious elements the two activities have in common such as luck, timing and determination they are really two very different areas of the business world. Hardened traders do take chances with their investments, they will try and squeeze the last drop of profit out of a trade but they do this for a living and need to fight another day.

The average casino goer is more than happy to walk along to their nearest casino on a regular basis, take some time out and gamble a few dollars. While some do take the playing of casinos to excess it can hardly be compared to City traders who literally move around millions of dollars each day. You could argue that a good casino player could have the makings of a good stock trader, and vice versa, but there is no way on earth anyone could jump between the two overnight and be successful.

Source: News

  • Back to archive index
  • Submit a press release

    Discuss this story in the Gambling Forum. Last 5 Posts:
    Sunday 26th February, 2017:   Horse Race betting
    Friday 24th February, 2017:   Poker Websites
    Thursday 23rd February, 2017:   UEFA Europa League
    Wednesday 22nd February, 2017:   UEFA Champione Leugue
    Wednesday 22nd February, 2017:   Hi - How to make good money online!