According to some economic experts internet gambling may be a good bet for investors. Although accurate figures are hard to come by estimates of the total size of the internet gambling industry range from $2-0 billion to $74 billion.It is also estimated that there are about 20,000 to 30,000 websites serving internet gamblers. Gambling sites [...]
Ever since the passage of the Unlawful Internet Gambling Enforcement Act in 2006 some politicians and various gaming lobby groups have tried to get legislation passed that would legalize, regulate and tax internet gambling. So far all efforts have been unsuccessful. Many thought that the incoming Obama administration would be sympathetic to internet gambling but [...]
Recently social networking Facebook announced plans to launch real money gambling applications. The move has prompted strong reactions from several groups in the UK where Facebook plans to launch the first apps. Facebook is the most popular social networking site and has 800 million active users around the world. Earlier in the year gaming operators [...]
The United Kingdom was one of the first nations to legalize and regulate internet gambling. Instead of a US style prohibitionist approach the UK realized the revenue potential of internet gaming. Unfortunately the relations between the government and the internet gaming industry have not always been amicable. The Gambling Act of 2005 is the basis [...]
Many believe that the legalization of internet gambling in the United States is inevitable. Some are preparing for the day when the US internet gaming market will be open once again. Two years ago Richard Bronson, a Mirage Resorts executive co founded US Digital Gaming to provide software and marketing services to internet gaming operators [...]
Earlier in the year UK bookmaker Paddy Power and betting exchange Betfair released figures that showed that gambling via the new generation of smart phones and portable devices is rapidly increasing. Paddy Power’s COO Breon Corcoran said that 34% of the company’s active users are accessing the service using their mobile devices. In January 2010 [...]
In Europe Italy promises to be one of the most lucrative online gambling markets. Recent liberalization of online gaming laws in Italy have allowed online poker, bingo and casino companies to set up shop in Italy. In April the Italian Gaming Authority released am report that showed that the introduction of Video Lottery Terminals into [...]
Just about everyone has heard of the World Series of Poker (WSOP) but how many people know there is a World Series of Slots (WSOS)? Last year’s two day, one of a kind event, was held at the Golden Nugget Casino in Las Vegas. Players battled during rounds of elimination and the prize pool was [...]
Most online gamblers are what could be termed as casual gamblers. These are gamblers who play infrequently and do not usually wager large sums of money. A new industry report says that this year the industry focus will be on casual gamblers. The internet bingo and gambling industry is looking for new revenue streams and after [...]
Slot games are extremely popular at casinos across the US as evidenced by the numerous rows of slot machines with players eagerly shoving coins and dollar bills into the machines 24 hours a day. In Nevada and several other western states there are slot machines in almost every bar and even convenience stores and gas [...]
