5 Nov 2006 headline called Anti-Online Casino legislation doesn’t worry Australians
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Anti-Online Casino legislation doesn’t worry Australians
The waves created by the Unlawful Internet Gambling Enforcement Act have now even reached the most remote of the five continents. The Australian-based online gambling group, Global Approach, which has interests in many operating online casino sites, says it will continue its work as normal, at least until it gets a clearer stand about the new Congress-legislated law against the online casino industry. James Canning Ure, the managing director of the company, said it will take his company at least two weeks to fully examine the new situation and consider the available options.
When referring to the legislation and the condition of the US gamblers, Canning Ure highlighted the fact that although most of the revenues from the online casino web sites come from the US, the online poker business, which accounts for half of the company’s revenue, has a lot of followers in Europe as well. Not only that but he also believes that the online casino industry will be able to survive even without the full support of US gamblers. “The online gambling industry can very quickly adjust and shift the origin of its players. In less than six months we can fully recover from any situation” he added.
Global Approach entered strongly to the online casino industry when it purchased earlier this year Tusk Investments for more than 19 million Australian Dollars. The company’s spokesmen said at the time that the acquisition will eventually form one of the biggest and best Australia’s online gambling companies. As Canning Ure pointed out, they may succeed with their plans, even if the American online casino industry fails to help them.
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