It was only a matter of time before online casinos started giving live casinos a run for their money. We are not there yet but I would bet we are getting very close. Online casinos have increased the types of games they provide to match what live casinos can offer. From poker to sports betting, every gambling activity seems to be online.
Most proponents of online gambling claim that online gambling is just as safe, if not safer, as gambling in known casinos in Las Vegas and Atlantic City vegus168
. Just like the live casinos, online casinos are required to have their licenses and permits before engaging into online gambling.
Online casinos are regulated and audited by professional firms. All online casinos use the secure e-cash facilities, in cooperation with the credit card companies, so that the customers are being protected from unauthorized use of credit cards or from cases of identity theft, which is the main concern of the public.
Many people believe that online gambling offers more entertainment for their dollar. Most online casinos offer huge cash bonuses to entice people to sign up and play. These bonuses are usually in the range of $100 to $300 for a $50 deposit. I have never seen a live casino offer that to a customer and I do not think I ever will.
I think a concern out there is the convenience of online gambling and how easy it is to sit at your computer and gamble for hours. 10 years ago people who wanted to gamble had to hop a flight to either Vegas or Atlantic City, now they do not even have to leave their homes
The biggest potential change would be in the United States, where Representative Barney Frank, Democrat of Massachusetts, is expected to introduce legislation within days, aimed at overturning the Unlawful Internet Gambling Enforcement Act. “He supports it and wants to move forward on it,” said Steve Adamske, communications director for the House Financial Services Committee, of which Mr. Frank is chairman. “There is a lot of gambling where no revenue coming in to the governments,” said Gavin Kelleher researcher at H2 Gambling Capital in Ireland.
Mr. Frank failed to do so once before, in 2007 but advocates of liberalization think they might get a friendlier hearing in Washington this time. President Barack Obama, boasted of his poker prowess during the election campaign and the Democrats, who are seen as less hostile to Internet gambling than the Republicans, have tightened their grip on Congress.
Analysts say that may be getting a little bit ahead of the game. Opponents of a repeal, including the Christian Coalition of America and the National Football League, have vowed to fight any effort to end the ban. Michele Combs, a spokeswoman for the Christian Coalition, said the group was gearing up for a massive campaign of letter-writing and lobbying to try to prevent any loosening of the law.
U.S. sports leagues, meanwhile, worry that the ease of online betting increases the chances of game-fixing. Even the most bullish advocates of online casino games and gambling acknowledge that Internet sports betting – as opposed to poker or casino games – is highly unlikely to be legalized. “There’s now a better chance for some sort of gaming legislation to be approved,” said Nick.
Batram, an analyst at KBC Peel Hunt, a brokerage firm in London. “But it took longer than expected to put anti-gaming legislation in place so maybe it will take longer than expected to remove it.”
Since the 2006 law was passed, North America has been passed by Europe and Asia, according to figures from H2 Gambling Capital. The law makes it illegal for financial institutions to handle payments to online gambling and casino games [http://www.casinogamearena.com] sites. Some people using overseas payment processors to ensure that online gambling remains an excellent business.
Now analysts say one possibility for European companies should the ban be lifted, would be to form partnerships with American casino operators. That would allow the European companies like PartyGaming to share their online expertise. Operating alone, they might struggle to obtain licenses, given their history of run-ins with U.S. law enforcement, analysts said.