
US Ban on Internet Gaming Affects
Europe
With the United
States' new laws surrounding internet gambling, making it illegal -
online slot machine and poker companies are left to figure out how to
recover. Other countries such as the UK, Italy and Belgium have opted
to regulate online slots playing more closely as opposed to banning it
all together.
Party Gaming PLC, is
the world’s largest online poker company, and they lost 75% of their
slot machine and online revenue when it had to shut down their US
sites. CEO Mitch Garber is confident that they will bounce back
however. He said, “Chaos
breeds opportunity and we will seize that opportunity.”
He believes that with
their international expansion plan that they have, Europe will end up
favoring them well. The EU is pushing to allow them to open their
markets over there, and on October 12th they told their
members, such as France and Australia, to “stop discriminating against
international bookmakers and casinos.”
Some think the
changes will give the United States’ gamblers ways to evade the bans
at home. It has been speculated that America’s gamblers will end up in
the hands of the Europeans in their markets instead. Each of the EU
countries has different plans for adding more internet slot machines
and gaming, which will make it hard for US customers to resist.
Back to
November Archive or Slot Machines |