Online Casino Gambling Attractive For Land Casinos - 05-28-06

May 28 - US land based casino groups have been quietly observing the huge growth in online casino gambling. In fact, most have been supportive of attempts to outlaw online casino gambling. However, some of the heavyweights are starting to display interest in this lucrative multi billion dollar market...

I what marks a major turnaround, major US based land based casino operators have started to lobby Congress to legalize online gambling, and are aligning themselves with the industry's belief that legislation is the best way to control the online casino gambling industry, and that the online gambling industry represents a major tax leak for the US government.

As exciting as this sounds for the industry, it also presents a huge threat for offshore online gambling companies. US online gambling enthusiasts make up a significant proportion of the market, and many of the will be inclined to gamble online with a major US brand, rather than with the offshore operators. Current numbers suggest that over 15 million Americans have engaged in some or other for of gambling online, but the true number, which is a very conservative estimate.

Legislation in Europe and the UK has been largely successful, the US lawmakers will be well advised to take note, as 85% of respondents in a recent Wall Street Journal Poll completely opposed the banning of online gambling

Most industry observer seem to be in agreement that the Senate is highly unlikely to pass any such bill.

Send To A Friend

Add This Gambling Article To:
Del.icio.us	Digg	Google	Spurl
Furl	Simpy	Y! MyWeb	OnlyWire
Redit	StumbleUpon	Technocrati