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August 1, 2003 at 2:10 pm #639536
vladcizsolMemberHello CJ and welcome to the board
Nope, its anything but easy at this point. Most visitors have now migrated to Neteller and a few other payment alternatives as its very difficult to fund accounts with traditional credit cards. This summer we saw a further tightening of the market when processing took a hit in the European markets as well as the states. July returns generally suffered across the board due to these new funding hurdles.To add further mud to the waters the US Senate passed the Kyl Bill through a banking sub committee yesterday. If the new laws proposed are enacted (probably only a mater of time) the majority of the online gambling industry will crumble.
As much as 80% of the total revenues generated by online gambling originate from US players, if that market is severely restricted or removed then the snowball effect will cause about 90% of the current casinos online to close (an estimate by industry insiders). The remaining casinos will most likely go to direct marketing efforts and curtail their affiliate operations due to legal concerns and reduced competition for the remaining players.
The long term outlook for the market is not rosy. Barring any sudden reversal in the ongoing legislative process things are not going to be improving.
Sorry to be so gloomy, but thems the facts jack.
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