30 Nov 2006 news update named Online Casino Boom Explained by Consulting Firm
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Online Casino Boom Explained by Consulting Firm
As the online casino industry deals with the winds of change, many online casinos owners and executives feel that setting up their bases abroad is a good option in order to keep their online casino sites and companies open for business. Because of the recent US legislation and passing of the UIGEA, or Unlawful Internet Gambling Enforcement Act, many online gambling firms are seeing Europe and Asia as viable alternatives for both a player base and a physical building location.
‘While the changes in US legislation are significant, they had been well trumpeted in advance and most of our clients are outwardly focused and seek revenues from the rest of the world. Significantly, a number of enquiries received recently are from US companies looking for a European base,’ said Norson Harris, the managing director of the online casino consulting firm. The firm has advised 24 of the 29 successful online casino applicants in the region to date and acts for 21 of the current 25 ‘live’ online casino gaming licenses.
This online casino advising firm and others around the world will take advantage of the US ban on Internet gambling with regards to catering to other world audiences. Online casino gaming is already very popular around the globe, and many countries have not only legalized it, but are working towards regulating this industry and market so as to provide the safest and most enjoyable form of play for their online gambling citizens.
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