Casino Choice UK News Archive
UK Casino Operators Await Move into US
As the American online gambling market continues to shift its views towards online gambling, UK operators who wish to expand are left guessing. Now, the first substantial sign of the opening market has presented itself. It has recently been announced that Illinois has become the first American state to legalize online gambling, a move that bodes well for all of the UK casino operators looking to break into the market.
On Tuesday, the American Justice Department announced that Illinois will allow its residents to bet on horseracing using three online operators, including YouBet and TwinSpires. The state believes that this move will increase state revenues and support the racing industry as a whole, as industry estimates predict that the newly opened online betting market will rake in over £1 million for the state alone.
While Illinois has only made one form of online gambling legal so far, it certainly is a step in the right direction. Industry insiders predict that this move will open more doors for the American online gambling industry.
However, it is also believed that the UIGEA (Unlawful Internet Gaming Enforcement Act) may try to thwart the state’s plans. The UIGEA has the power to penalize payment processors who support online gambling operators. Between the Department of Justice’s support and the UIGEA’s skepticism, the newly opened market may experience some difficult, but only time will tell if this fares well for UK casino operators.
On Tuesday, the American Justice Department announced that Illinois will allow its residents to bet on horseracing using three online operators, including YouBet and TwinSpires. The state believes that this move will increase state revenues and support the racing industry as a whole, as industry estimates predict that the newly opened online betting market will rake in over £1 million for the state alone.
While Illinois has only made one form of online gambling legal so far, it certainly is a step in the right direction. Industry insiders predict that this move will open more doors for the American online gambling industry.
However, it is also believed that the UIGEA (Unlawful Internet Gaming Enforcement Act) may try to thwart the state’s plans. The UIGEA has the power to penalize payment processors who support online gambling operators. Between the Department of Justice’s support and the UIGEA’s skepticism, the newly opened market may experience some difficult, but only time will tell if this fares well for UK casino operators.
Submitted: 2009/10/26 at 08:52:01
