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Online Casino Conditions >>> Betting News >>> October News


Landscape of Online Casino Gambling Shifts With New U.S. Law
Online Casino Conditions Staff
October 5, 2006

Recent changes to the landscape of the online casino gambling industry has many gaming operators questioning the future of their business as well as the future of the industry at large. Despite these sentiments, the majority of business is going on as usual, and players continue to sign up with internet betting site operators, including sportsbooks, poker rooms and online casinos on a daily basis.

More changes could come very soon, pending decisions by several notable online gaming operators and financial middlemen, concerning their intentions whether to comply with the recent mandate put forth by U.S. law requiring the cessation of online gambling transactions with those online bettors who reside in the U.S. The industry's leading payment processor for online casinos and gaming sites, Neteller, is one such question mark right now, and the company (along with Titan Poker, Poker Stars and Paradise Poker) remain undecided on how to proceed as a result of the U.S. law.

Most of the independent internet gambling operators who reside outside of the U.S. have decided to keep doing business as usual, citing the U.S. law to not only be in violation of World Trade agreements, but also as a bullying tactic that cannot be backed up with enforcement. These company's include Bodog Casino, Pokerroom and Sportsbook, Ultimate Bet, True Poker, Planet Poker, Cake Poker, Full Contact Poker, Bugsy's Club and most independent online sportbooks.

The gaming operator's who say they will leave the U.S. market - or have already done so - include Party Poker, Boss Media, Bet Fred, Sun Poker, Bet365, P1Gaming and Cryptologic Software and all of their online casino and gaming site licensees. Many of these company's have already diversified their clientele, which now includes a greater emphasis on European and Asian players. As for those who are undecided, they will likely make a decision within the next nine months, for this is how long it will take to implement enforcement regulations of the new U.S. law.

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