Posts Tagged ‘us online gambling license’

US Congress bills would Legalize and Regulate Online Gambling

With the recent tug-o-war on full heat between Land-based US gambling companies and foreign online casino operators there was only one way to end this feud, with the introduction of a dramatic change in US Law. Luring online casino operators to prepare in advance for the uplifting of the US regulation on internet gambling and it will  bring  millions in revenue. To obtain the US online gambling license, land based casinos are creating an alliance with the overseas internet gaming operators.

Only a short while ago big names such as Harrah’s and MGM were battling endless wars with foreign online gaming operators but with the advent of change in the online casino regulations by the US, both sides are finding a new place in their lives for one another.

The passing of the UIGEA in 2006 petrified many legitimate companies and they had to pack their bags and leave the US market. Maltreatment and bullying by the justice department continued to whip up more companies leaving, only a few foreign companies to operate under shaded garbs.

John shepherd of Party Gaming, one of the online gaming companies looking forward to making a comeback to the US online gambling market recently gave a statement to Bloomberg News that when the act was signed into law it resulted in a deprivation of 75 % users as they have to stop taking wagers from the US online market depriving their business of essential cash inflow.

US online gambling regulations were expected to create waves among the online casino owners thus they are bound to impose certain requirements that will favor the domestic land operators present under state regulatory rules while online casinos receive the advantage of being associated with US interests.