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Online Casino Companies Need Humility

Gambling and the internet is a lucrative combination – just ask any of the many successful online casino operators, and you’re bound to get confirmation of this. Still, a lot of the time online casino companies are acting more than a little too self assured of themselves, as if the wealth they have the ability to earn from creating a web site and putting computer games on it that people can win money at automatically merits them some sort of prize other than recognition of their contribution to entrepreneurship worldwide.

As far as business or industry maturity is concerned, the online casino world is like a na?ve teenager – thinking that anything and everything is possible without thinking about the causes and consequences contributing to and resulting from their actions. Online casino companies cry foul when the U.S. government expresses distaste with online gambling, but then the U.S. government has every right itself to call foul when online casinos ignore U.S. laws and offer online gambling services to Americans who are quite willing and happy to gamble online whatever their federal or state government officials think.

While the online casino industry has a bit of a way to go in terms of maturity, it seemingly has the time to grow, be humbled, and mature from the lessons that will be learned from the times that make the online casinos show some humility instead of arrogance. That online casino arrogance is born of confidence, but online casino executives would be unwisely advised if they were told that they can continue to go about their actions acting as if they are accountable to very few, or only themselves. They ignore reality at their own peril.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.