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THE STATE OF INTERNET CASINOS – TOGEL SINGAPORE

 

 

Much has been said about the rise of and perhaps fall of internet casinos. This article demonstrates that although the US has slowed down the development of the industry, online casinos are catching up by growing into untapped territories.

The internet casino industry, which less than a year ago was standing before a bright (and green future) is now facing the voices of some analysts (be them professionals at the field of online gambling or simply wannabes) who predict a not so bright future. Let’s take a closer look at the state of the online casino industry.

 

It is true that many countries are trying to prohibit online gambling in their territories. The most probable reasons for the rise of anti gambling talk in the last few months is the passing of the Unlawful Internet Gambling Act in the US congress. Even at this day and age some countries only feel capable of taking difficult decisions after the US has “proved” that it is “ok”. By approving the act, the United States is trying to ban gambling by banning financial transaction with the online gambling sites themselves. The interesting thing is that the law does prohibit citizens from making transaction but prohibits financial institutions like banks and credit cards for carrying out the transactions.

 

This move caused most of well know Togel Singapore gambling companies which are traded in public stock exchanges (mainly in Britain) to announce that they are retiring for the US market. This was not a decision that was easy to take but since as  publicly traded companies these companies need to maintain a certain amount of “dignity”, the decision was made and most of the big name in Internet Casino and poker do not offer their services anymore the US market.

 

The US however is not the only country which is piling up legal difficulties on companies who want to offer the virtual roulette and blackjack tables to their citizens. Hungary has already started a move to ban online gambling and so did South Africa. The interesting thing about South Africa is that it is actually working on establishing its very own online casino which will presumably only serve South Africans.

 

While the reality described above might seem grim to the casual slot machine player, the Internet Gambling industry is actually expanding in several other territories. The European market is leading the expansion (we already mentioned Britain working towards legalizing online casinos) especially in Spain and Germany which are still in their infancy compared to the US in their acceptance of online gambling. A big motor of this growth is supposed to come from Mobile Phone Gambling or mobile gaming.

 

The second growing market is Asia. Up until now there was a steady stream of players from Asia but most of the software and gambling websites were not translated to their native language. The online gambling are now changing focus and Asia is bound to be a major target so if you are Asian you can expect to see translated version of gambling software and much more internet casino related TV ads.