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American Online Casinos in the Near Future?

The Unlawful Internet Gambling Enforcement Act is just be delaying the inevitable – licensed and regulated online casino gambling for American players. When the U.S. left the internet gambling market, American players were not the only ones left stranded – many offshore online casinos relied on U.S. internet gambling revenue. And now, the World Trade Organisation is involved in the global dispute over the UIGEA. With a couple of promising bills on the table proposing reversal to the UIGEA, some of the major land-based casinos are preparing to enter the online casino gambling market within the next two years since that is the maximum amount of time industry analysts anticipate the UIGEA will stand.

Specifically, the hugely successful land-based casino company, MGM Mirage has announced an interest in building an online casino site if the U.S. does in fact initiate licensing and regulations. Some of the other land-based casino giants, in addition to the MGM Mirage are backing Barney Franks Bill HR2046. Frank’s Internet Gambling Regulation and Enforcement Act (IGREA) would mean that the U.S. would not only be in compliance with the WTO’s earlier ruling concerning U.S. online casinos, but would not have to pay the billions in internet gambling compensation to countries that relied on the U.S. market, like Antigua and Barbuda.

The MGM Mirage is giving the U.S. legislation a year to work out and resolve the online casinos. Alan Feldman, the Senior Vice President at the MGM Mirage comments on the company’s future plans to enter the market considering a failed attempt years ago with an online casino licensed on the Isle of Man.

Says Feldman of the new plans, “With the U.S. market under Frank's proposal, it could be profitable." Basically, the MGM Mirage is waiting until the internet gambling market is less volatile before pursuing another online casino venture.