Online Gambling Institutions not Afraid of UIGEA this time Around
The current situation with the return in force of the UIGEA has had many analysts in the online gambling industry worried about what might come of it. After all, with the return of many of the online gambling institutions to the United States market, the online gambling industry has been exploding to the point where it is now one of the safest places for a person to put their money. Online gambling institutions however may face a repeat of the problems of 2006 in terms of being ejected from the US market if the federal government has anything to say about what transpires.
While some people would look at this as being a repeat of the dreaded 2006, it seems as though the online gambling institutions are not amongst the doomsayers this time around. In 2006 they were at the top of the list of people panicking and indeed many of them were on the verge of bankruptcy because well over 90% of their clients had been based inside the United States of America. In 2008 however the prospect of a second round of UIGEA crackdowns in 2009 does not seem to have the same tone of doom on the online gambling institutions many of which were the ones sounding the alarm in 2006.
“Online gambling has learned its lesson from 2006,” stated a representative for a major online gambling corporation that asked to remain anonymous. “In point of fact it appears as though the federal government thinks it has more teeth than it actually does. After the 2006 shutdown of the online gambling industry in the United States, most of the smart online gambling institutions decided that it was time to start fighting back. They fought back in the only way they knew how to and that was to bring online gambling to the other parts of the world. The result is that the online gambling corporations of the world today that could be affected severely by another round of UIGEA shutdowns are also the same corporations that have diversified their player base and become truly international organizations. Even if they lose their entire US base, there won’t be a single major online gambling company that suffers anywhere near as much as they might have in 2006.”
There is no way to know if the particular feeling inferred by the above quote is widespread across the entire online gambling industry, but if it is then it is quite easy to see that the online gambling institutions of the world no longer have reason to fear the government of the United States. If the government wants to crackdown on companies and force all online gambling to become illegal, the only people they will really be hurting are their own citizens that are interested in playing at various online gambling revenues. Far from being the encourager of free market industries that it has been historically, it appears as though the modern United States government has become irrelevant at least as far as online gambling is concerned