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Online Casino Gambling --- Casino News

It's Surely Lucrative

The highly respected Goldman Sachs firm has announced some figures and predictions for the US online casino gambling market should the US choose to license and regulate. The company is reputable and dates back to 1869 –that’s a long time in the financial industry and the company has surly learned a lot in that time and seen a lot of trends come and go. But the online casinos and internet gambling sites are not one of the “fads” that is likely to pass through the fancy of the global public. The fact of the matter is simple, gambling is as old as time and the internet gambling industry isn’t going anywhere. With this in mind, the company predicts that the US government will choose to license and regulate the industry and that the American gaming industry is worth upwards of USD 12 billion.

That is a huge sum and Goldman Sachs notes that the USD$12 billion is actually the conservative end of the estimate. Prior to the UIGEA the online casino gambling industry was growing steadily. Now, even without the proper legislation in place, the US internet gamblers are finding a way to gamble at through the internet. The information released by Goldman Sachs indicates that one of the chief reasons the company is so sure that the US will choose to license and regulated the foreign online casinos is due to the immense tax revenues possible. The US budget is in dire straits right now and could use this sourt of boost.

The predictions for the market are largely based on the legislation that is currently before Congress. The predictions stem from one of the bill that has already outline the proposed taxing structure of the proposed licensed and regulated online casino gambling market. Some criticisms are flaring just a bit about Goldman Sachs have a conflict of interests as the company recommends investments in the US internet gambling industry.