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Online Casino Sites Suffering

The ongoing dispute between the United States and the rest of the world on the online casino gambling industry should get pretty interesting in the coming months as the European government aggressively pursues as resolution with the United States that either further compensates the European internet gambling industry for the loss of the US market, or revamps the controversial US policy so that it is more welcoming to foreign internet gambling companies. The new administration has not yet addressed the issue, but one can be sure that the EU is gathering its case and plans to present the cold hard facts on the severely negative impact that the UIGEA had on international internet gambling operators.

Essentially, the EU is currently accumulating information from the actual online casino gambling industry on the amount of money lost and the number of jobs that were made redundant when the US backed out of its WTO commitments. In addition to the online casinos that were negatively impacted, the report will focus on the individual countries that use internet gambling to support their economy. Malta was hit pretty hard when this licensing jurisdiction saw less revenue coming into the internet gambling companies, and thus less into the island.

According to Maltese reports, the island nation relies heavily on the online casinos for money and job opportunities. With the US restrictions in place, this is a major obstacle in place that makes is harder for the internet gambling companies to effectively operate in the global market. In addition to Malta, countries like Austria, Ireland, Sweden, Cyprus, and others all report that a portion of internet gambling revenues support their economy and provide money into the country and significant job creation.