Pressure on US Online Gambling Continues

Filed in archive Gambling General on November 21, 2005

The US has come in for a bit of a bashing from the online gambling industry and now 'Time' magazine gets in on the act by publishing yet another article about how much money the US is losing by its adamant stance against internet gambling

The article doesn't really say anything that hasn't already been said in countless other publications - but its the latest in a long line since PartyGaming's huge $10 bn IPO on the London Stock Exchange.

Gaming is going global, and to stock markets, with a force that's making fortunes for a cluster of little-known industry outsiders and giving monstrous headaches to regulators, legislators and traditional casino companies

But its these headaches that the US doesn't seem to want to cure - whilst other countries, such as the UK, are already re-writing their laws to accomodate the changes in the industry and are in turn attracting the companies to their shores, ultimately cashing in on some of the potential revenues

Article: How the U.S. Is Getting Beat in Online Gambling