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A New and Improved Global Gambling Industry

It’s been over a year since that Americans decided that online casino gambling business isn’t something that they want. While many people believed that the industry has died right there and then with the enactment of the Unlawful Internet Gambling Enforcement Act, the truth can’t be farther than that. The American anti online casino bill hit the industry at a very crucial crossroad. The online gambling industry was facing one of two ways. The first way didn’t go anywhere, as many of the big names wanted to keep their business focused on the American market. However, the other way was heading at many different directions.

As long as online casino services were able to operate in the United States, gambling firms did not want to miss out on the action. Most of the industry’s resources were invested into the United States market. However, some international firms were starting to allocate funds for other markets as well. The European market, for example, was a one of those markets. Looking at the industry back then, you could only see one thing – the US. But now, the face of the industry has changed drastically. Different firms are operating all over the world. The enactment of the Unlawful Internet Gambling Enforcement Act forced the industry to choose the second path – the global path.

Instead of focusing on the United States market, which was suddenly closed, the industry shifted its focus onto new project at new markets. The South Pacific market and the Asian ones are great examples on how the industry has developed. Now, with liberal winds blowing through the legal systems of European countries, it’s just a question of time when will online casino become regulate in all of Europe. If you’ll look at the American market you might think that online gambling is gone, when in fact it’s everywhere.

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.