The online casino industry is still a growth market in spite of the major set backs it has been experiencing. First the United States unexpectedly passed the Unlawful Internet Gambling Enforcement Act which resulted in most of the major stock exchange listed companies leaving the U.S. market. U.S. players are still finding their accounts closed since then as more companies leave the U.S. market. The arrest of the two NeTeller directors has them suspending U.S. operations very quickly the other day. While the online internet gambling industry is experiencing its problems in the United States, it is expanding and growing in Europe and other parts of the world.
The EU countries are slowly opening their markets and the gambling companies are there waiting for the markets to open. They are now slowly moving into Spain. When they departed from the U.S. market, the big gaming companies set their sights on Latin America, Europe and Asia as the new target markets. They plan to enter the markets through the online bingo business which is why many of the big gaming companies are opening online bingo establishments if they don’t have them already. Online bingo players play side games like video poker, free roulette, slots, scratch cards, etc. Sooner or later they get tired of the side games and join an online casino game to play poker and table games. As the industry grows, look for more people in Europe to join online gambling organizations as the market there slowly opens up to firms other than state gambling monopolies.
