Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

US Crackdown Having an Effect

Online casinos that service the US market are falling down right and left these days because of the US payment blocks that are in place as enforcement measures for the controversial UIGEA. The UIGEA enforcement regulations came into effect at the beginning of the summer and the US banking and financial services industries have spent the past two months scrambling for effective ways to block all questionable online casino gambling transactions. Although the methods are not fail proof by any means these initial efforts have been very effective in putting the kibosh on a lot of the small online gambling sites that were still able to cater to the US market.

The key to the ban has been the re-coding of transactions with the offshore online casinos. All of the major US banks and financial institutions have combed through their transaction register to specifically code those that were allowing the online casino sites to payout winnings to players as well as accept their deposits. Rival Gaming powered sites have felt the biggest effect from the current crackdown by US banks and all of these gambling sites are folding this week and closing their virtual doors as the payment processing issue continues unsolved.

Interestingly though, the US banking industry asserts that these blocks on the offshore online casinos are only temporary, that it is only a matter of time before the gaming sites find a new method of processing transactions and again circumvent the coding blocks at the financial institutions. The process of blocking the gaming sites will be ongoing and the banks fear will take too much time, effort, and money to prove effective in the fight against internet gambling.