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Online Casino Gambling --- Casino News

Advice of the Master

A bit of a change has come over the international online casino gambling industry in regards to the attitude toward the US market. The US is a closed market right now and unfriendly to offshore online casinos because of the passage of the UIGEA more than two years ago. The US government under the Bush Administration continued attempts to strengthen the UIGEA and force all competition in this industry out of the US. Now though, although the new government has not actually indicated support one way or the other, the fact that the Democrats are in control bodes well for the online casino gambling industry. Additionally, the state of the US economy has Goldman Sachs, a major US investment firm putting out a prediction that the US will soon alter the US internet gambling legislation to include legal and licensed internet gambling.

Estimations for the worth of the US online casino gambling industry are huge –Goldman Sachs has used information and advice from others in the industry, namely large internet gambling companies that have been forced out of the US market, to predict some preliminary figures for the size and scope of the US internet gambling market. Estimations indicate that internet poker alone has the ability to generate as much as $1.5 billion. Online casinos are a whole different ballgame and will double that figure easily.

With all of the anticipated growth in the market Goldman Sachs is recommended to investors that the take part in new ventures that are positioning for entry into the US market as the government slowly relaxes restrictions. And though many analysts agree that the US legalization of online casinos is inevitable, others feel that it could take the federal government much longer than Goldman Sachs has indicated.