Bets Are On for Mobile-Gambling Explosion

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Bets Are On for Mobile-Gambling Explosion

Worldwide revenues for gambling on mobile phones will reach $16 billion by 2008, with mobile casino, lottery and sports gaming making up the bulk, according to a report by Alexander Resources. 2.5G and 3G wireless technologies and phones will play a “prominent” role in the growth of mobile gambling, the firm says.

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