Unless the internet gambling is outlawed in some way, the effect of this legislation will be to force the former bricks and mortar customers online to gamble play live bingo. It is rumored that the Russian gambling industry is mob controlled so the online casino companies may not be too eager to go after the Russian market. The Asian market is experiencing unbelievable growth. In countries where gambling is illegal there are land based casinos being established in neighboring countries to service the gamblers. This is the case with Thailand and China.
Gambling isn’t going to stop because of legislation. The effect of legislation is to send gambling dollars abroad to jurisdictions where it is legal and those nations benefit from the increased revenues.
The world’s gambling industry is growing. It is a major growth industry estimated to be worth over a trillion dollars a year. In some countries it is embraced as a source of revenues for the economy. In other countries it is view as an evil to be outlawed. The online industry is in a state of flux right now because of IEGEA and the effect of the U.S. market being closed to online casinos. This basically chased many online gambling companies out of the United States to Europe and other places in search of a market. Their new targeted growth markets are in Europe, Asia and South America. In Russia it is the land based play UK bingo that they are trying to chase out of the cities and into gambling zones. |