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Online Gambling Websites- Unleash The Fun And Challenges En Route
Internet has become a mainstay of every economy and the advantages of being associated with it have been so profuse that almost every business, commerce, and industry has opted for an online presence. The gambling industry is not far behind to join the online bandwagon, and the result has been the mushrooming of best online casinos and gambling sites all over the web, revolutionizing the gambling industry totally.
Now we will go through the details of what an online gambling website actually does. It is a virtual location on the web where you can gamble and play games for money and fun. Many websites have rapidly proliferated, but you need to choose the best as it’s your money what is at the stake.
One of the best onling gambling site is brought to you by casinator. Without doubt it is confirmed that they are one of the best names in the online gambling industry and do a critical review of best online gambling sites with real security, credibility, privacy, integrity and of course some fantastic customer support. They get you the best online gambling sites out there and with them you never miss on great gambling bonuses and promotions.
Every normal human being is concerned about the security of their hard earned money. Even many of the online gambling sites recommended and reviewed by Casinator.com are audited on regular basis by established and trusted audit companies like Pricewaterhouse Coopers Inc. or iTech Labs and hence, you can be almost 100% sure that your money while gambling online is safe and secure.
Although, most online casinos are reputable and subject to regular audits, yet it is very important to choose one of the best online casinos. in order to choose the best, consider the one that meet both general and personal requirements. Good support, excellent gaming software and regularly audited financial figures, few terms and conditions which are transparentand quick deposits and withdrawals are all what you can say as general requirements of a good online casino. On the other hand, the personal requirements includes purpose (gambling for fun, bonus hunters, loyal gamblers, etc), specific casino games preference (general, blackjack, craps, baccarat slots, etc.), and the game limit preference (lower stakes, high stakes). Always take the right selection of the one which suits your personal and comprehensive needs.
The online poker games are the most popular games and the online poker has developed into one of the fastest growing industries as well over the past few years. It has become one of the most sought after form of entertainment and source of income. You can find at least over a hundred poker sites which are available online and the number keeps increasing daily. Free real money is online and many million players are playing daily to grab a part of that.
Though there are still many games like Omaha, 5 Card and Stud which are popular but Texas Holdem poker is the most popular of them all. The safety, security and reputability of online poker sites have also improved so as to ensure that you play poker online without any hassles.
Online Gambling May Be Cut Off By New Legislation
There is a new law waiting to be signed by President Bush which was presented to Congress that is holding the $12 billion online gambling industry by a thread. It appears that Tennessee Senator Bill Frist, introduced the bill on Saturday by joining it to the Safe Port Act before Congress took its election recess in November.
The Unlawful Internet Gambling Enforcement Act that is expected to be signed by President Bush, will practically finish off all online gambling sites by making it illegal for any bank, credit card company or online payment system to process any payments being made to online gambling companies.
The new law states that Online Gambling sites are now banned from accepting any type of check, credit card or electronic transfer payments for internet gaming in the US and seriously puts the industry in chaos.
Surprised at the passing of this new debilitating law, the leaders in the online gambling industry took drastic measures and started to trade off stock on the London Stock Exchange which erased $8 billion from the industry. PartyGaming, the world’s biggest online gambling site said that they would cease their ties with the 920,000 active US customers they currently have only when Bush actually signs the new act.
Although the new law hasn’t yet been signed, the industry is already being drastically affected. PartyGaming’s stocks alone have dropped 60% ending up at a measly .81 cents a share. Other sites like SportingBet and 888 Holding were also affected by the change and have since lost a lot of money on their shares. 888 Holding, for example, had a 48% decrease on their shares dropping them down to $1.42 on the British Market and announced that it was going to no longer continue its online gambling business in the United States.
This isn’t the first Act, however, that has given the federal government power to break down the online gambling industry. Under the 1961 Wire Act, the federal government has the right to brake down online betting in sports, poker and other casino games that are considered to be illegal under the law.
This is seriously debilitating the industries economy because the US consumer market is responsible for 50-60% of the online gambling revenue. These critical laws against the online gambling site owners are forcing companies to shut down or move out but what’s clear is that they are no longer welcome in the United States.
The Madam Chairman of the Interactive Gaming Council, Sue Schneider, has predicted that over 500 companies running around 2,300 online gambling sites around the world will be facing extinction and will most likely be wiped out of the industry all together. The small number of companies that manage to live through this incredible crisis will have to live with a huge cut back on their revenue and figure out new ways of growing again. The idea of opening up in the Asian market has become a favored idea for many.
Whatever the case may be, companies have 270 days after the bill is signed to figure out their plan of action before the U.S. Attorney General Alberto Gonzales decides how the law will be enforced.