| Top > News > 2006 > October > 11 Oct 2006 |
The US Online Casino Ban Causes Troubles in Israel |
| The bill banning the online casino transactions in the US was just recently passed, however the implications of the event are sensed already, and not only in America. The Israeli newspaper Haaretz has published yesterday what could be the beginning of the sad consequences of the US boundaries on online casino industry. As it was reported by the newspaper, IM Intermedia has fired 50 out of its 100 employees, following the US legislation. IM Intermedia, which provides data mining and internet marketing services for online casino related companies in the US, has some very important corporations among its clients. According to Haaretz, the online casino industry expects many more let offs, while the IM Intermedia ones are just the beginning. As the US Senate has prohibited credit cards use for in online casino sites, the banks and credit card companies in America will no longer carry on conveying such kind of payments. It is estimated that at the very beginning small and medium online gambling service-supplying companies will be the one affected by the legislation. The investors, intimidated by the online casino banning legislation, have abandoned the online casino supporting companies, which caused and will continue to cause a lot of damage to the Israeli owned companies, among which are PlayTech, Empire Online and 888 Holdings. |
Copyrighted 2005 © Bet At USA. All rights reserved.