Fueled by millions of dollars from overseas gambling companies, and encouraged by the Obama administration’s delay in the enforcement of UIGEA, poker lobbyists are gearing up to for an all out fight to legalize internet gambling in the United States this year.
Spearheaded by Rep. Barney Frank (D – Mass), Democrats in congress are pushing to pass legislation which would legalize and regulate many online betting games, such as poker, blackjack, majongg and others.
The popularity of table gaming has exploded in recent years in the U.S. This is evidenced by the growth of land based casinos, big and small, in an ever growing number of states. The U.S. accounts for over half of the $16 billion worldwide internet gambling market.
Proponents point out that fact and the millions, if not billions of dollars the government would realize in taxes and fees from legalized and regulated gambling.
Opponents say that legalized internet gambling would increase criminal activity, dramatically increase the incidences of gambling addiction and would be a great threat to children. Senators have placed holds on six Treasury Dept. nominees to protest the delay in enforcement of UIGEA, the anti-gambling law.
As dynamic as it is, the online gambling industry is constantly undergoing various modifications and transformations. By exploring the possibilities of game development, bringing more efficiency and safety to money transactions, suppliers push the limits and level up player experience continuously.
Over the course of the past decades, we have witnessed multiple groundbreaking chances, but surprisingly, there’s always room for more.
Relax Gaming (RG) saw its Gibraltar subsidiary, Relax Gaming Gibraltar, receive United Kingdom Gambling Commission approval, which indicates new growth opportunities "in one of the most important markets in the world." This means that RG games are available to UK providers via its Gibraltar subsidiary, which the group welcomes as “another milestone” in the group's continued growth strategy.
SoftSwiss, an online casino provider received a very important B2B license from the Malta Gambling Authority. This license allows SoftSwiss to expand its content offering in the jurisdiction of Malta while at the same time they are strengthening collaboration with its clients.