Australian online casino Lasseters Corporation is thriving according to its net profit report for the 2004 financial year, with company claiming a 25.6 percent profit increase due to "significant cost savings".
With debate raging over the Federal Government’s Interactive Gambling Bill and the feasibility of attempting to ban gambling on the Internet, it is worth asking just what level of penetration has so far been achieved by online gaming in the Australian marketplace.
The ASX opened with an ambitious start to the week. Local investors were sifting through tech stocks with a keen eye and among the morning's winners was MultiEmedia.com (MUL).
With little outlay and huge profits to be made, gaming and lotto sites are becoming more prevalent on the Web. Sustainable business models or just a way to make a quick buck?
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