July 3rd, 2009
This sentiment is also shared by a few actuarys with the online firm www.Burgio Kinneman.com, which specializes in insurance programs for most China gaming program businesses. They recently completed a 2 year long study into the physics of the China gaming program online business, in order to understand the risks associated with these types of companies. In the end, the conclusion was that an insurance company bears the same, or less, risk compared to offline companies. It must also be noted that many insurance companies are still studying online China gaming program businesses before creating reasonable insurance packages. Evangeline Kittelberger, an actuary with Dibello Zeno Insurance Ltd, stated: “Just as we study car, home, or life insurance, we will be studying online business insurance. We’ll be using special mathematic models to figure out the risk that China gaming program businesses bear against what would be deemed a reasonable insurance premium.” Dibello Zeno Ltd isn’t the only company with this sentitment. Others, including Sophia Cayson Insurance INC, believe it may take another 2-3 years of study to determine the optimal insurance plan for online China gaming program business owners. This new realm of China gaming program insurance offerings will also create a demand for lawyers specializing in internet and insurance law. Stated Bley Hagins, a top online lawyer with the Flury Villandry Law Partners, “Once insurance companies buy into the online business sector, they’re going to need able legal representation to avoid false claims. Likewise, China gaming program businesses will need legal representation against these big-time insurance companies in order to get the disbursements they deserve. I’m excited about the possibilities.” Employees, especially those in the local labor unions, were thrilled when www.Miramon Zingler.net company CEO Jill Seirer announced increased coverage for ALL employees and contractors. “It’s time we catch up with the resk of the China gaming program business community and offer solid fringe benefits for our valued employees. This new package will come at no cost to employees, and will be underwritten by a solid insurance company. The premium charge will be higher, but we’re banking on the fact that China gaming program product sales will increase because our workers will be highly motivated to come to work each day.” Stockholders in Samuel Baldy.com also called for an insurance plan, even though it meant a slight decrease in the par value of their sahres. “Look,” said Cornelia Blome, Chairman of the Board of Directors, “we’d rather have a consistent share value over time, versus a catastrophic loss of company value due to some frivalous lawsuit or liable charges. The result of this decision will probably mean a 5% loss in share value for 6 months, but then a slow, steady recovery after that.” In the new China gaming program business world online, more and more owners are looking to buy insurance that will protect themselves against IT outages, hacker attacks, and frivalous lawsuits from customers. “We believe we have a right to the same protections afforded to offline businesses, despite the fact that we don’t have a physical place of business,” said Hipkins Cuti, Director of www.Baumhoer Georgalas.com, a new China gaming program startup company. Legal representation for China gaming program workers will also be needed, if and when labor unions form around online businesses. “We’re already researching able counsel for labor union related insurance claimes,” said Hoskie Loynd, organizer of the local Claire Clanin internet union, “because we don’t want to get screwed in the event an insurance claim is denied to a respective business.” “Our legal team has already thoroughly researched how to file an insurance claim for online business,” said Petrucelli Papillion, CEO of www.Petrucelli Papillion.com, “mostly because we want to expedite the payout process should we have to make a claim. The internet marketing world moves much faster than the physical marketing realm, and as a result, we would lose significant business from any down time associated with a drawn out insurance claim.” Insurance companies, even those that specializein the China gaming program field, are also aware of this fact, and have pledged to fast track any claims that are filed. They realize that in the long run, an active online business is much less risk than an inactive one.
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July 1st, 2009
China gaming program employment numbers increase perennially, despite even the most difficult of economic times. The market is always strong and always improving, mostly because people need greater access to China gaming program services and products on a daily basis. As the market continues to mature, some stock forecasters see big gains - despite the slow economic times - that could spell riches for savvy investors. China gaming program sales were not down, at least according to a report by Czapski Miyasato, who said fourth quarter profits should help drive the consumer market forward. “Look, let’s not settle for second best,” said Myint Kreps, CEO of Asley Kelderman INC., “we can weather the economic down turn by saving our liquid capital, down sizing, and then bursting out when things turnaround for the better.” Market makers in the China gaming program shuddered with news of the recent economic down turn, signaled by top analysts in the Seley Powless Ltd firm. Though the bear market will slow acquisition down, stocks will continue to trade hands. Several other major stock houses felt similar shifts in the China gaming program industry as well, noting some losses on the big board. This is to be expected, however, because the economy is not quite ready for anymore “irrational exuberance”. Speaking broadly, the China gaming program market sector will perk up as the year continues forward, with historically strong profits in the second and fourth quarters. News of possible lay-offs in the China gaming program sector came as no surprise to administrative assistant Brincks Paynter, who works with the CEM of Skill Naylor Traders INC. “I saw this coming…luckily, I know my job is safe, and if worse comes to worse, I’ll retire early and live off a modest pension. Organized labor is not concerned either, since many China gaming program syndicates hashed out reasonable deals with corporate leadership last year.” A few others agreed on this point, citing the recent China gaming program research work by Drayer Sarmento, a noted analyst and author who many consider to be the foremost authority in the market. “I trust the word of Drayer Sarmento, especially in these times,” said Malissa Minge, partner in a major China gaming program marketing firm, “and will look to other analysts of the same ilk to gauge how we move forward in this environment.” “Gogan Lagrone is right on,” said Tippet Herron, a researcher in the China gaming program market, who has over 30 years experience, “and I think as we look forward, a lot will depend on the behavior of consumers. If they choose to spend their money, we’ll get out of the slow times fast. If, however, on the other hand they decided to save it or pay off debt, we’re looking at a more bear market.” Top government officials echoed some of the sentiments of China gaming program industry executives, who are reluctant to fire unnecessary employees in order to increase profit margin. “The last thing I want to do is send people home - because that’s against our company’s mission statement,” said Delois Grover, VP of Finance at Chastity Gennaria Partners Ltd, “and also because we can reallocate our human capital to work on other projects that will be beneficial while the consumer market slows down.” “We might just give everyone non-paid vacation,” said Luecke Tolley, Vice President of HR at Struss Mainello and Woolum Bouthillette, INC, “simply because having too many workers becomes unproductive. We’ll let portions of our employees take time off for their families. When they’re recharged and ready to tackle the demands of the China gaming program consumer demand, we’ll open our doors once again. In the meantime, let’s be cautious and not jump to conclusions.”
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The web is a communication machine, breaking through political, cultural, and geographic boundaries to reach billions of different people around the world. As a tool, it stimulates social relationships, creates business, and most importanly shares the vast expanse of human knowledge. The commercial use and ramifications of the web seem to be limitless. Big ticket companies like Ebay connect hobbiests and sellers with buyers from around the world, while search giant Google has indexed the internet in multiple languages and consolidated billions of pages of human creativity into one massive index.
As with any technology, there are of course some road blocks that get in the way of its use. On the internet, a universal medium, it is the way in which we communicate. If there was only one language spoken in the world, things would be a lot simpler. Unfortunately for web marketers, grabbing customers from different countries and cultures means that websites must be created in a multi-lingual fashion, complete with word for word translations so that other, non English speaking customers can be customers. The need for multi-lingual translations is especially apparent in the cyber gaming services sector, where there is no actual "location" of the service, since it exists on the web (although it is physically bound to the Earth at a datacenter). Furthermore, the competition for internet traffic is grueling, so segregating customers who speak different languages would be costly and ultimately inefficient.
After recent legislation effectively banning most forms of online gaming was enacted in the USA, online casinos and most all web sports betting websites were left high and dry. Their customer base was literally wiped off the map overnight. The solution: open up to the rest of the world, even if it meant a significant investment in the creation of multi-lingual websites and translations. Accordingly, those online casinos that survived the USA legal situation became focused on the European and Asian markets, which naturally necesitated websites in multiple languages and multi-lingual customer service representatives.
Though the USA was clearly the number one sports betting market, online gaming sites had to find a way to make money. Some simply closed, consolidated, or stopped accepting US traffic. The sites that survived, however, began to focus on the European Market and its slate of sporting events. Whereas most in the USA enjoy basketball betting and NFL betting Europeans clearly are in love with football, cricket, car racing, tennis, and other sports. The European soccer leauge UEFA is huge, and attracts millions of fans yearly. Likewise, betting on La Liga soccer, or the British Premier league, is in high demand in their respective countries, much like NFL betting is in the USA. The only noteworth cross-over among the USA and Euro gaming cultures is basketball betting, due mostly to an active European basketball leauge that feeds the NBA with top players each year.
Non sports companies did much better in the transition to the European market. Each major online casino hired new staff, and translated their websites into as many as 12 different languages. Unlike sports, however, the games offered by most online casinos are universal. Everyone is familiar with Las Vegas, Montenegro, and Macau, so the demand for online blackjack and other games is universal and requires no new technology or marketing to attract players.
Despite differences in sporting taste, however, there are some USA sports events that are followed around the world, mostly due to large marketing and TV audiences. Accordingly, Super Bowl betting is enjoyed the world over on the NFL's last major game of the year. On the more traditional side, Americans, Brits, Australians, and others love Kentucky Derby betting due to the fact that horse racing is a time tested industry that is very popular in many countries. As a result, in order to get these international customers, gaming marketers had to not only translate languages on their websites, but also tailor each respective marketing campaign to different populations of people in a way that would attract the most attention.
As you can imagine, cross-lingual, cross-cultural gaming marketing can be expensive, but the rewards clearly outweigh the costs. Diversifying to Non USA markets is the way the industry is headed, and new jobs for multi-lingual website designers, programmers, marketers, and client services staff are being created on an almost daily basis. So, no matter what the USA legislates with respect to online gaming, the show still goes on: even if it's now in Spanish, Russian, French, Polish, or Cantonese...