Online gambling banned
The U.S. Congress approved Monday 2 October a bill banning internet gambling. After President Bush’s signature, They made the account law. As a result, online gaming companies’ shares are experiencing a massive drop, with many of them seeing their shares fall to as low as 50%. PartyGaming and 888 Plc were the major losers. It will be illegal for online credit cards and banks to transfer money to online gambling companies if it becomes law.
What’s the future of online gambling?
Although this is not an easy forecast, it does seem that it could signal the end of the flourishing online gambling industry. These online gambling companies make a significant revenue solely from U.S. players. Therefore, online gambling sites could lose a lot of their income if outlawed in the United States.
Online gambling sites won’t just sit back and watch as millions of dollars are at stake. Instead, we have to wait and see what happens.