Online gambling industry in 2010
01-03-2010
In 2009, the online casino gambling industry has experienced harsh time due to the Department of Justice blocking financial transactions involving online gambling and from the anxiety that the state of Kentucky would seize their domain names. However, there are some optimistic views by online casino gambling specialists and players who believe 2010 is going to be better for the business.
Casino News Authority is expecting that online casino gambling is going to be authorized in the US by the end of 2010. With the financial catastrophe reaching to an end and the health care discussion finalizing in January, it is going to have time for the online gambling legislation to reach the floor of Congress and finally to the President’s desk.
Many are expecting that Barney Frank’s legislation to regulate and legalize online casino gambling is going to pass the House and the Senate in 2010, and be integrated into one bill that President Obama is going to sign into regulation. The Treasury Department has by now postponed the implementation of UIGEA, and that is a good indication that the government is teaming up to get ready for legal online gambling.
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