Barney Frank’s legalized gambling bill passed thru its initial hearing opening the doors to legalised online gambling in the usa within the next year. Many European online sites including Party Gaming dropped millions overnight when their sites just like Party Bingo & Party Casino were not able to allow US players to deposit over four years ago.
Since the anti online gambling bill the vast majority of western world has withstand a deep economic slowdown and that has left many countries effectively out of cash. Web-based gambling revenue has continued to drain away from America as many online gaming organisations simply refused to follow along with regulations set by the US. At the end of the day all American states are losing revenue that could run into billions hence the changing with the online gambling laws just for them to cash in on the online gambling boom.
Gambling online services who have continued to accept deposits from People in america can look forward to to be hit hard after the final legalised bill is passed. A modification has now been recently put into the bill that states those who have continued to just accept US players will not be granted a licence. Party Gaming have followed all rulings from the U.S. government so could be the primary online gaming companies to be approved a licence. Expect Party Gaming shares to rocket in the very near future!
