Land-Based Casinos Smell Online Profits

Land-Based Casinos Smell Online Profits

Sunday, Mar 15, 2009 | By CasinoGuide

Online gambling experts believe that the expected favorable effects of the Obama Administration on the government attitude towards online gambling, will cause land-based casino operators to try their luck in the lucrative online casino market.

UIEGA
Although in practice nothing has changed yet, we saw some very positive developments during the last month. Most worth mentioning was the bill put forth by Barney Frank in order to nullify the highly unpopular UIGEA legislation.

Harrah's Online Casino?
According to gaming expert Richard Hauser, casinos like Harrah's and MGM Mirage view the likelihood of a licensed and regulated online gambling environment as a profitable business opportunity. Brick-and-mortar casinos have pretty much saturated the live gambling market, and can use their massive brand power to invade the online gambling territory.

American Gaming Association
The recent developments already seem to have their effect when it comes to the point of view on online gambling taken by the American Gaming Association. Not so long ago the AGA pretty much disfavored all kinds of online gambling, but now it is slowly becoming a proponent of legalized online gambling in the States.

For us online gambling fanatics this is all great news to hear. A more safe and secure gambling environment, new entrants in the market, more competition and thus better gambling products. Although the odds are on our side, only time will tell whether things will really change.

For now, US online gamblers can check out the great progressive jackpots at for example Millionaire Casino.