A Booming Online Casino Industry
Industry and market analysts have predicted that the global online casino
gambling industry will experience a major surge in business within the next five
years and many established companies will at least double their current
revenues. A piece in the MoneyObserver last week noted that likelihood that the
software development companies like Playtech and others could more than
experience extreme growth as more online casinos and gambling sites enter the
market to meet the growing demands of internet gamblers. The growth is predicted
to come from the currently expanding European market as well as expectations
that both the Asian and U.S. online gambling markets will open within the next
There is no shortage of information on why the U.S. is currently out of the
global online casino gambling industry – many industry veterans though
anticipate a resolution to the U.S. issue next year – as soon as a new U.S.
president is voted into office. As for the Asian gambling industry, online
casinos and forms of internet betting and gambling are largely illegal in most
of the Asian-Pacific region. While the region is opening up to online gaming at
this point – games like internet Mahjong are increasingly popular, actual
gambling through the internet is still a big no-no and could net the offenders
some serious jail time.
Even without the revenues from the opening of either the Asian or the U.S.
online casino gambling industry, industry analysts predict that the European has
not even begun to reach its full potential. The European Commission is currently
waging battles against several EU nations that continue to contravene EU
policies by operating state monopolies. While some states continue to adamantly
refuse to end the state-run monopolies the Commission will have negotiated
compromises in those cases within the next couple of years.