21st May
The online casino gambling industry has not been entirely spared over the past couple of years – a lot of people are incredulous that the internet gambling industry was not hit very hard by the current recession.
A little perspective is necessary though – every industry has its ups and downs and the online casinos have had a lot of issues over the past few years as a result of changing international gambling regulations. A lot of internet gambling sites were hit really hard by the US protectionist legislation that banned offshore online gambling sites from continuing to access US gamblers.
These hardships may be a thing of the past though according to new industry analysts this week. It looks as tough the internet gambling industry is once again going to experience a bit of booming growth over the next couple of years and analysts predict that there will be some major changes in the structure of the industry. Basically, now that some of the hardships that have faced the online casinos, namely threats and US action against some of the major gambling brands, is in the past, the industry will likely move forward with a bit of consolidation, mergers, and acquisitions.
PartyGaming just finalized the deal with the US government in the past month to payout a relatively small fine for the company’s online casino gambling activity prior to the UIGEA. The landscape is changing and there is a lot more potential and hope than there was just one short year ago.
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