Online Casino Launches Into Europe
The US online casino gambling industry may be a long way from total legalization
where the foreign and domestic companies will be able to offer legalized US
gambling, but that doesn’t mean that the US land gambling companies can’t still
branch into the European and foreign gambling industries. Harrah’s Entertainment
is one of the largest land gambling brands in the United States and the company
also maintains a pretty big international presence. There has been a lot of
speculation over the past year or more that Harrah’s was making plans and
reorganizing the company in an effort to enter the online casino gambling
industry. The company has actually now confirmed those ambitions and notes that
the initial internet gambling sites will focus on the legal European markets.
There are no shortage of online casinos operating in the European market, but
Harrah’s new division, Harrah’s Interactive Entertainment, will really focus on
developing a unique internet gambling experience that will entice new and
existing gamblers to give the site a try. The internet gambling division
certainly has hopes of moving into the US market when (or if) the US government
alters the currently restrictive gaming environment. But in the mean time,
Harrah’s launch strategy for the new online gambling site involves focusing on
building up the company’s unique internet brand and pulling in a solid base of
gamblers.
Another hope for Harrah’s is that the online casino gambling presence will
balance the company’s income sources. The land gambling industry was hit
significantly hard by the recession than the internet gambling companies –
having a firm foothold in both markets will ensure that Harrah’s is able to
remain profitable. |