Slot Machines - News

Headlines About Slot Machines

Online Gambling Market Since Ban

Since the government passed the Unlawful Internet Gambling Enforcement Act, it has been harder and harder to find out information about today’s online gambling industry. Those that have decided to stay are keeping somewhat hidden, as they attempt to keep a low profile. Those that were the more public companies have moved to other countries, so they are no longer a factor.

Before the ban, it was estimated that gambling revenues were somewhere around $12 billion globally. However, even with the ban, many estimate that it is still pretty close to their orginal amounts. They say that because it was such a large industry, when the bigger companies pulled out, it didn’t take much for others to fill their shoes.

They say that some areas have just gotten bigger while others have gotten smaller. Many US companies did not close down, they simply relocated to other countries. Experts say that those that continue to stay in the US will still prosper, but will run themselves much like speakeasies. They say the long term effects of the ban will not be that significant, and that most companies will end up making just as much, if not more, profit as they would have before the ban.

With only a few other countries saying that they might ban online gambling, the industry will continue to grow – just on another shore. One of the largest online gambling sites, 888 Holdings, announced last month that their net revenue actually went up by 7% since they left the US. It seems that the talk of it being legal again at some point in the US may not be all that far off – especially if the US thinks it can prosper from it.

Back to April Index - Slot Machines Fan

Slot Machines

Slot Machine News

Slot Machines - Books