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Predictions 2010: US Edition

We’re going to take a moment over the next couple of days to look at where the online casino gambling industry is headed in the New Year. With 2009 coming firmly to a close many gambling companies are actually eager to leave some of the worries and problems of 2009 in the past and start out fresh. In the United States market though, the focus for 2010 is going to be markedly different, and yet exactly the same as it has been for three years now. Despite a lot progress on the Barney Franks new bill that is aimed at legalizing and regulating online casinos, the bill did not pass and all of the industry is focused on this task for 2010. This coming year the gambling industry plans to even more heavily support Frank’s efforts to pass the UIGEA alternative legislation.

The US market has the potential to be incredibly lucrative if the right legislation and regulations were in place – and that’s what the US online casinos just cannot pass up. There are still internet gambling companies operating heavily in the US market. These US facing sites are still able to process transactions with US gamblers. In 2010 though, if Barney Frank’s alternative legislation does not pass, the payment processing part of running a US online casino gambling site could get a whole lot harder.

The UIGEA enforcement regulations have been held off until June 2010; at this time the government will fully launch and implement all of the controversial pieces of the UIGEA that will truly make it difficult for the online casino gambling companies to not only take US money, but to also make any payouts and withdrawals into US bank accounts.