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Online Casino Extortion Threatens Webmasters
A billion dollar budget for an illegal
activity. No its not cocaine, its internet gambling and the business is still
booming despite the legality issues that the business faces.
Online casinos are receeding their business in
the US and the number of new casinos that do business with states is decreasing.
It seems the law is attempting to keep up with the elusive medium. The HR4411
Bill, passed by the House of Representatives, will be voted on this September.
The bill's prohibitive policy has many online companies concerned about the
future of their business in America. British companies are making more efforts
to market their sites in Europe and Asia.
Currently the legal obstacles faced by casino
sites due not directly impact the medium. Online poker and slot-machines are
still popular among American gamblers and avid gamblers can find more than
enough opportunity to get their fix. The convience and interactive quality of
casino games are able to attract a more than viable consumer base.
The companies like Cyberslotz, which is based
in London, solicite a great deal of attention from gamblers who wish to place
their bets from home. Every part of these interactive sites right down to the
graphic design is made to cater to the needs of the online player. The world cup
sporting event has been used as a means to catapult marketing campaigns geared
toward the sports fan. These intenational businesses are compeating to stay a
float in what could possibly be a whrinking market.
If restrictions are placed on online gambling
in the US online casinos will be spreading their business to other areas
throughout the world. Markets in Italy and areas in Southeast Asia have gotten
very littlle British and Carribean casino marketors prior to the introduction of
HR4411, but now they are presenting an opportunity to combat heavy losses
inprofit. If the bill is passed, stock in the United Kingdom will crumble if
there aren't more endeavors made to create a new consumer base.
The Unite Kingdom is not the only market that
will be effected by prohibitive regulation on casinos. Although land based
casino profits will marginally increase because of the lack of competition posed
in the electronic medium, the amount of online commerce will absorb some
negative blows. The interest stimulated from online gambling will not simply
dissappear after the restrictions have been put into place. Gamblers, who priar
to the burgeoning of online casinos could not enjoy an inexpensive means of
gambling, will find themselves with out a source of entertainment like the what
is provided by the online gaming industry.
Rather than prohibiting online transactions
when it comes to gambling, it would be far more profitable for U>S. policy to
create American casino severs so that much of the profit could be matriculated
into the US government. Taxation on online casino busness would be more than
benefitial. Land based casinos are being legalized all over the country
currently as a means to reduce the need to increase taxes. If there was some
question as to whether or not the moral contreversy surrounding gambling is
impeding casino growth on the internet, the policies accepting expansion and
contruction of casinos on land completely would suggestion that the moral high
ground is not interfering with legal policy.
Next month the decisions will be very concrete
as to what the future of online casinos role will e in the US market. It will be
interesteing to see the fluxuation in casino advertisemment overseas.
Considering the survival rate of the medium since gambling online has been
introduced. There will most likely be a market where casinos in the virtual
world will thrive.
-Current
Online Casino News-
-August
News-
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