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Online Casino Closes Operations

Competitive doesn’t even begin to describe the current online casino gambling landscape –beyond just the regular competition between internet gambling sites, the changing regulations within each country means that many sites have lost key markets. Global-Player.com and GPCPoker.com were popular and respected online casinos and poker sites, but with the internet gambling ban in the United States, the company lost a huge portion of its regular player base and subsequently could no longer justify operating the site.

The Global Player brand started in 1999, and is owned by Universal Gaming Concepts Inc.; the site was well respected for no-hassles, fast payouts, and ease of use. In the past year, the site used the Boss Media online casino gambling and poker platforms, but prior to the switch to Boss Media, the sites were popular for their proprietary software. The online casinos sites shut down on November 30, 2007, and notified players that their account balances could be easily withdrawn from their accounts prior to the site shutting down, or they could manually retrieve their outstanding balance after the site shut down by contacting the online casinos player support.

And as for reasoning, the online casino and poker site CEO, Giancarlo Bettini, issued a statement outline why the site was closing. He remarked, The current changes in the legal and economic landscape of the gaming industry has made it increasingly difficult for us to compete and retain our market share” said Bettini. “The strategic decision to cease operations while we are still in the position to satisfy our obligations to players, vendors, affiliates and staff reinforces our integrity and commitment to good business practices."

The exclusionary online gambling and betting legislation in the United States played a large role in company’s decision to shut down the sites. Basically, the U.S. market is completely off limits to remote online casinos – and without the traffic, the company was forced to evaluate the expenses related to running the site versus the number of registered and active players.