Online Casinos – Link between Year 2008 – Part One

Business

For some consecutive years yet the world public’s eyes are closed on the USA and this country fighting against online casinos. As you remember, in 2006 the Congress has implemented the Unlawful Internet Wagering Funding Prohibition Act (UIGEA). According to this Act they would have passed within 270 days a supplementary explanation on the application thereof for the banks, but such information appeared in 2008 only. If they are implemented the usa banks will have the pain in the ass looking for the transactions from online casinos (cheques, bank transfers). The banks should absolutely fulfill the requirements already in the end of the year 2009 but most of analysts believe that this would not happen, that is really too much with background of the banking crisis. Meanwhile the us online gamblers traumas Obama and democrats to cancel the known UIGEA. The have tried to pass the Act through the committee in 2008 and failed, only one vote was missing. But now they should make one more try and there is a hope that this one may well be more successful. Nevertheless you are required to not yet count on a quick cancellation of the Act, much more for the online casinos (we have an overabundance chance in case of the poker), though a miracle can happen. gclub

This year brought a new problem and again from the USA. The Governor of Kentucky State brought the action against 141 wagering sites to the court of his State. All these sites were charged with infringement of the Internet Wagering Act, they received the American (Kentucky habitants in particular). The basis thereof was the try to protect the state lottery from online competitors as the lottery generates profits and online casinos and poker-rooms don’t. The worst thing was that under this step the state authorities should have had a prospect to catch websites of all such 141 sites (among them almost all Microgaming casinos and RTGs, plus the largest poker-rooms). Most of great website registrars are generally in the country and they were forced to obey (at least one of them, the GoDaddy, confirmed its readiness to cooperate). As a result, the court gave a month to the sites to get rid of the gamblers from Kentucky State and they were forced to do so. Generally one can say that the judgment was made in favour of the state authorities, but taking into account “the cooperation” the punitive measures were not taken. Some sites united and raised the claim to the Court of Selling point of the state which stated that the website names were not “gambling facilities” and they cannot be gripped under the State law. This resolution was made already in the beginning of the year 2009 but the Governor is going to appeal with resolution at the court of appellate jurisdiction, we’ll see where it will lead. And now let’s see how the online casino industry is going under conditions of similar press.

Let me start from the Microgaming, the largest and the most known software supplier. This year can hardly be named the most successful but it can hardly be named a failure as well. Let me remind you that the Microgaming didn’t stop accepting US players but not surprisingly advantage the whole casino group with such software became a broken in the beginning of the year. Fortunately, all casinos were redeemed by the other group so your gamblers didn’t suffer. In the beginning and in the middle of the year an “optimization” as well as merger and takeover samsung s8500 came. Several groups united their casinos to stand with crisis more efficiently, at that some casinos closed (the gamblers moved to the rest of them). For instance, a well-known Trident Group stopped existing, two of three casinos thereof closed. But by the end of the year the situation became stable and new casinos with this software were dynamically opening all over the year. As a result for the year a number of casinos with the Microgaming software didn’t practically change.

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