Online Casinos

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.