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Private Online Casino Companies Benefit from Recent Legislation |
| Many online casino operators and companies have begun to ban US online gambling fans from wagering and placing bets at their online casinos. This is due to the recent legislation banning online casino gaming within US borders. However, for some online casino companies, there is a silver lining in this cloud. Private online casino companies feel that they will be able to continue accepting bets from their most lucrative online betting market. ‘We’re confident that we’ve structured our business in such a way that we’ll have no problems adapting. If anything, the pending legislation has validated our broad-based digital entertainment model and our decision to stay private,’ stated Calvin Ayre, founder of a leading online casino sports betting company. Online casino companies like his seem unfazed and less concerned with the US online gambling ban than other online gaming firms. The fear of extradition to the United States has forced UK-listed online casino operators to shy away from their most profitable market, some selling their US operations to counterparts in and around the Caribbean. This is quickly becoming a new trend among online casino betting firms, as more and more online gamblers from the US begin to fear gaming online and companies fear prosecution from the US government. How this trend will continue will only become clearer in the coming months, but in the meantime, private online casino firms will continue business as usual. |
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