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In Comes the Euro

The United States online casino gambling market is no longer that by which all things are measured. There was certainly a time where the US internet gambling industry had the main thrust of international focus because of the extremely lucrative market potential. Now though, the US has banned offshore online casinos from accessing US players and many of the largest software developers and gambling sites have taken their cue and left the US market. It has taken well over two years, but the rest of the internet gambling industry finally seems to have accepted that the US Dollar is no longer the currency of choice now that there are few US gamblers in the industry. Mircogaming has announced that the company’s Poker Network has now switched over to the Euro as the main currency.

This means that all tournaments on the network will now take place in Euro rather than USD. Microgaming is one of the first companies to make this transition but it is anticipated that many other online casinos and gambling sites will make a similar move in the coming months as the new and anticipated US legislation continues to stall in congress. Microgaming is one of the top software development companies in the world and certainly an industry leader in the innovation department.

As the US market continues to shun online casinos and internet gambling sites and maintain the ridiculous and controversial UIGEA the rest of the world is adjusting and moving on. A lot of the poker industry previously ran on the US Dollar because of the sheer percentage of the market that came out of the US. Now that that is no longer the case it makes sense to switch over to the Euro and cater to the largest demographic on the sites right now.