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Oct
3rd

Online Gambling-Coming to a State Near You !

Online gambling is coming to the United States slowly but surely. So far three states, Nevada, New Jersey and Delaware have legalized online gambling for residents. In Nevada online gambling is limited to poker. Other states are expected to follow suit next year. Many gaming experts say that California will be the next state to legalize internet gambling. While the current focus is poker experts believe that if legalization is successful states will allow other forms of gambling like internet bingo. A recent report by H2 Gambling Capital showed that in 2012 Americans spent over $2 billion at offshore unregulated gaming sites. Obviously prohibition has not been successful.

Most industry insiders say that existing casino companies will be major players in the US online gaming market. In New Jersey all internet gambling must take place in Atlantic City. All gambling servers in New Jersey must be located in Atlantic City casinos to meet constitutional requirements. Most of the Atlantic City casinos have already partnered with European online gaming firms. The new partners will supply the software and infrastructure necessary for online gambling. European gaming companies have extensive experience in legal regulated gaming markets. The companies are already well versed in gaming technology and are in a position to porovice casinos with state of the art gaming software.

Casinos are already well positioned to take advantage of the opportunities offered by internet gambling. Several European firms have entered the US market. IGT (International Gaming Technology) is an industry leader and in 2012 the company took in over $2 billion. The company operates the highly successful social gaming site Double Down Casino which the company acquired for $700 million in 2012. The number of daily average users at Double Down is about 1.7 million players.

Bally Technologies has been in the gaming equipment business for decades. Bally has online capability with the company’s server product that allows access to a huge library of games. Bally recently acquired SHFL Entertainment, a manufacturer of card shuffling machines. SHFL also has a electronic table systems that could provide Bally with several online opportunities.

Scientific Games is a well known manufacturer of lottery equipment. Recently the company ventured into video gambling. The company is a leading supplier of gambling content and systems to several operators in the UK and Europe.

So what does all this mean to American internet bingo players? The online gambling market is opening up and even states that limit online gaming to poker are expected to add additional games if poker operations are successful. States hope to create new revenue streams and internet gambling is a logical choice.