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No Online Casinos and Poker in U.S.

The fact that the United States does not allow online casinos and internet poker is certainly not surprising to anyone who has followed the industry for the past year. But unfortunately many internet gambling companies are still recovering from the loss of the U.S. market, and nearly a year later, some online casinos companies are having a harder time than others finding a new market with as much potential as the U.S. market. For SportingBet, the loss of the U.S. market meant a huge loss of profits from not only sports betting, but the internet poker industry as well.

The emerging European online casino gambling industry meant that many internet gambling companies were able to find a niche in the European market as it rapidly expands. Other companies seem to be a bit slower in finding a new market for online casino, poker and sportsbetting – and the result is low quarter revenues and a loss of a significant player database.

The fact is, for SportingBet, the loss of the U.S. market necessitated the sale of the online casino poker and betting companies successful site, Paradise Poker.com. The transition into a new market has not been as easy for SportingBet as it was for some other online casinos poker companies. Sportingbet recently released its quarter results (which ended in October) and the quarter report indicated that the company’s revenue is roughly have of the revenue from the same time only a year previous. Only now does it seem that the company is really focusing on really looking into the European market for new players – a focus that will certainly increase company revenue when Sportingbet actually focuses on acquiring new European sports bettors.