Gambling News by House of Odds

Spain has just announced plans to regulate Internet gambling. Italy has
already begun to regulate Internet gambling. The UK's new laws to regulate
Internet gambling will be implemented in 2007. The EU is putting strict
guidelines on European nations to protect against protectionism. And the
Bush led United States is sticking by its prohibitionist terms. The
consequences of the United States not getting into this market while the
market is hot might be detrimental to the future success of Internet
gambling in the US once the country ultimately reverses the UIGEA. Party
Poker, Ladbrokes, and many other major online casino, poker, sportsbook and
gambling companies are scrambling to Italy, Spain, and the Uk. They are all
searching for the place that offers them the most lucrative terms and
standards for operation. According to an analyst from Shaw and Rays, an
Internet gambling specialist firm based out of Canada, "the more competition
between European countries, the better the circumstances will be for the
Internet gambling companies." John LeQuire, the analyst from S&R, explained
that if the US doesn't regulate soon the market may be too saturated once
they do decide to regulate. As for the Las Vegas companies who wish to get
in the game when America regulates, their success will depend on how long
after the rest of the world has been in business. "If the world gets used to
the brand names of the online companies based out of the EU," LeQuire said,
"the brand names of Vegas companies that are very valuable right now, may no
longer matter to regular players."