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Recap of 2009: US Edition

As these final days of the year come to a close, it’s prime time that we take a look back at what the online casino gambling industry has gone through over the past year. There have been ups and downs thanks to the recession and in the US market, the US Department of Justice has really stepped up efforts to enforce the UIGEA and that has had a pretty negative effect on several key US facing online casinos. In the US market, so much of the reflection really centers on the ongoing fight for new policies. The UIGEA has been a controversial source of debate among politicians for three years now, but only this year has alternative legislation truly made it as far as the floor of Congress for consideration.

There was a delicate dance happening in the US market across 2009 as the online casino gambling supporters worked to repeal the UIGEA and pass new licensing legislation in the country while opponents pushed for a full implementation of UGIEA enforcement regulations in early December. Neither side achieved those goals, but the opponents to a legalized industry that licenses offshore online casinos scored a bit of a coupe as the DoJ seized millions of dollars in bank accounts that are linked to offshore gambling sites.

Those account seizures set several of the online casino back a good chunk of change and forced other gambling sites to even reconsider their tenuous position in the US market (Golden Casino). Throughout all of this the US gamblers themselves consistently appealed to their Congressional representatives for support of Frank’s bill and President Obama erred on the side of caution and possible support of the internet gambling industry by stopping the December 1, 2009 implementation of UIGEA enforcement regs.