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Online Casinos Recovering from the UIGEA?: 2

Some of the online casinos are not as lucky as Party Gaming – or even as lucky as the Neteller e-wallet. Lasseters Online Casino gambling site is one of the sad announcements – the site closed its doors just last week with the news that the company was simply unable to come back from the losses associated with the UIGEA. Once the US market closed the European market was flooded by internet gambling sites vying for a share of the market. The immediate concerns once leaving the US market were two-fold...restructure the company (and in many cases that meant significant layoffs) and then hunt for a new market.

And by hunt for a new market, I mean that the influx of previously US facing online casino gambling sites were facing some tough competition when they first entered the European market. There were already other sites dominating the main UK market. Luckily though the European Commission has really spent some time and effort fully opening the EU market to the online casino gambling and betting sites. This meant that some of the companies looking at the European market were able to fill a new niche that was just opening.

Other online casino gambling sites managed to find an “in” into the market by latching onto one of the keys to success in the industry – diversity. The internet gambling sites that offer a whole range of services from internet bingo to poker and online gambling were able to cater to the emerging group of gamblers looking to a cohesive and diverse gambling experience.