Skip to main content

Wall Street Journal says Online Casino Industry Still Safe

The Wall Street Journal, one of the most prestigious business publications in the United States, reported lately that it’s highly probable that most of the US Internet gamblers will find aternative ways to keep playing in online casino web sites. The article came as a response to the recent US resolution prohibiting credit card companies to continue funding online gambling accounts. As the article stated, it is very likely that owners of online casino site find their ways to continue their web sites functioning normally.

The WSJ recapped in its article the all the events in the last decade in which the Congress passed several legislations agains the online casino industry. As we can see, all of them with little, if any, success. According to the article, although US residents make up for more than half of the business of online casinos located abroad, it will be very difficult, if not impossible, for the US to close down completely the online gambling. To further illustrate the problem of the online casino opposers we can quote one Alan Feldman, a spokesman for one of the biggest Las Vegas based casinos, who compared the closing of online casinos to “trying to keep the ocean from sending waves”

Not only that, but the vast majority of online casino sites are not run by listed companies. As a result, it will be nearly impossible to shut them down. According to WSJ, from the 3,000 online casinos taking wages from the US, only 100 of them actually listed in European exchanges. When taking all that into account, it will be pretty safe to say that at least for now online casino sites have nothing to be worried about.

Leave a Reply

Your email address will not be published. Required fields are marked *