Lifeline In the PEOPLE Online Gambling Legislations.

In 1996 we saw an explosion of online casinos which sailed through the whole world. The United States saw a massive increase in both online casinos and players. This massive increase of online players worried the land-based casino owners and they lobbied to get it stopped or slowed down. They knew if this speed continued they would see more of a reduction in profits. They lobbied Congress difficult and in 2006 that the US handed the Unlawful Internet Gambling Enforcement Act (or UIGEA).

The UIGEA act prohibited each of the banks and payment processors by processing any type of trades related to online gambling. While the companies continued to operate they had to use payment chips that may circumvent such limitations. Despite these laws related to online gambling, some online casinos continued to take players from the US.

On the other hand, many of the larger online brands left the US market, the choices for players became extremely limited. Many said it had been very tough to get a good online casino. A lot of reviews sites began to pop up that directed players to the sites they so desperately searched for. Some of these sites were much better than others, but they served the requirement which was created agen bola. Shortly after the market had begun to stabilize and players had been enjoying online again Dark Friday hit on the online gaming world.

Many casinos had found a way around the deposit and withdrawal issues and also the online gambling world was growing once again. Many began to feel invincible for this new law. The government was not really enforcing it and it seemed like they had no intentions of doing so. April 15, 2011, will go down in history as the day the online gambling industry was punished and punished hard. It was the start of a new age. The US Department of Justice charged the principals of the three largest poker sites Poker Stars, Full Tilt Poker and Absolute Poker with bank fraud, illegal gambling crimes, and laundering billions of dollars in illegal gambling profits. The DOJ seized their domain names and their funds. Suddenly many US players weren’t only left with nowhere to play, but no method to recover their funds.

Black Friday compelled many more gambling brands to depart the US. Everybody was once again scrambling to find new places to play, worried if they would actually get their money back, and wondering if anybody was going to remain in the US market. A significant blow was struck to online gambling and many wondered if it would survive. Again the inspection sites played a major role in finding places for players to perform with. Now the market was very limited and it was a battle to locate online sites. The market had been damaged but survived.

The Upcoming Significant event was Gray Monday. Gray Monday saw more domains and gambling operations captured. There were two chief differences with those seizures. This time both large and tiny sites were captured. Many different sectors in the industry have been captured including online poker, casinos, sports books as well as bingo. Basically nobody was safe now. Now the size of the company didn’t matter anymore. Nor did the industry you were in. This round of seizures has been felt by everyone through the gambling industry. The full effects of the seizure have yet to be felt yet but there’s now even less online US casinos available. Will the industry survive?


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