Online Casinos

Recently some proposals have been made about regulating online casinos in the USA. Which would open it up for Vegas to go online. This has both good and bad aspects to it. As it could make it difficult for current online casinos to be regulated by the US standards as only one person will be in charge of approving.. Does the word monopoly come to mind? Right now all online casinos are licensed and quite a number of them are listed on the London Stock exchange. Most are professional ran online casinos which have payout audits and reports. While in past years prior to 2000 there was some shady online casinos which definitely were not the honest. As in all business that eventually comes back to bit you. Which those operations are now out of business.

 Online casinos have went through many transitions and we expect them to go through even more in the near future.

In recent months there has been a lot of stir on the web about online casinos. First the gambling bill was passed making it illegal for bank to transfer funds into online casinos for US residents, but not making it illegal for gamblers to play. Then the Shut down of NETeller to US members after the arrest of the co-founders. In April NETeller also stopped allowing Canadian members to use their account to transfer funds to casinos. London stock exchange drop major after these events since many online casinos are listed on the London Stock Exchange. The lastest gaming news is that Barney Frank is going to re-introduce the gambling bill to try and get it changed. Now it is unknown whether this is good or bad for the current online casinos, but it looks like the bill is aimed at allowing US casinos to be online licensed and regulated, but it might be more difficult for offshore casinos to get a license. Time will tell. More information to come as we get updated.