The future of Online Gambling
Online playing banned
On Mon, 2nd April, the You. S. Congress has approved sultan toto a bill to ban Internet playing. The bill has been delivered to Us president Rose bush for his signatures, after which it will be a law. The shares of online gaming companies are already experiencing a landslide with most company’s shares dropping to as much as 50%. The major players who suffered the most include PartyGaming, 888 Plc, and Sportingbet. If it becomes a law, the online banks and the creditors in the You. S. will be forbidden to transfer pay to any online playing companies.
What is the future of online playing companies
This is a tough predict to make, but at present things do look like that it could signal the beginning of the end of the flourishing online gaming industry to a great extent since these online playing companies generate a lot of revenue from You. S. bettors alone. So if this is banned in the You. S, it will cause online playing sites to lose the bulk of their revenue.
The online playing companies for sure won’t sit and just watch as millions have reached pole for every one of them. But we must keep our fingertips surpassed and wait and watch what are the results.