Lifeline Of The US Online Gambling Law

On 1996 we saw an explosion of online gambling dens that swept through the whole world. The United States saw a exploding market15515 in both online casinos and players. This huge increase connected with online players worried the land-based casino owners and they lobbied to have it stopped or at least slowed down. They knew if this pace continued they would see more of a decrease in profits. So one of these lobbied Congress hard and in 2006 the US passed the very Unlawful Internet Gambling Enforcement Act (or UIGEA).

The very UIGEA act prohibited all the banks and payment processors from processing any kind of transactions related to online dominoqq . This developed a problem for players in loading and withdrawing revenue from their online accounts. While the companies continued to operate they had to utilise payment processors that could circumvent such restrictions. Despite almost all these laws related to online gambling, some online casinos continued to players from the US.

On the other hand, many of the bigger online labels left the US market, the choices for players became exceptionally limited. Many said it was very hard to find a good online casino. Numerous reviews sites started to pop up that directed players to your sites they so desperately looked for. Some of these online websites were better than others, but they served the need that was built. Shortly after the market had started to stabilize and players was playing online again Black Friday hit the online gaming community.

Many casinos had found a way around the deposit and even withdrawal problems and the online gambling world was growing as just stated. Many started to feel invincible to this new law. The govt. was not really enforcing it and it seemed like they had certainly no intentions of doing so. This was certainly a false sense with security for both the players and online casinos. April 12, 2011, will go down in history as the day the online gambling industry was punished and punished hard. It was the start of a new era. The US Department of Justice charged the principals belonging to the three largest poker sites Poker Stars, Full Tilt Internet poker and Absolute Poker with bank fraud, illegal betting offenses, and laundering billions of dollars in illegal wagering proceeds. The DOJ seized their domain names and their financial resources. Suddenly many US players were not just left through nowhere to play, but no way to recover their funds.

Holiday season forced many more gambling brands to leave the US. Everyone was once again scrambling to find new places to play, worried if he or she would ever get their money back, and wondering if everybody was going to stay in the US market. A major blow was minted to online gambling and many wondered if it would survive. Just as before the review sites played a major role in finding regions for players to play. Now the market was very limited but it was a struggle to find online sites. Once again the market slowly began stabilize and things settled down a bit. The market was initially damaged but survived.

The next major event was Overcast Monday. Gray Monday saw more domain names and playing operations seized. There were two main differences with these seizures. This time both big and small sites were seized. Many different can’t in the industry were seized including online poker, casinos, sports training books and even bingo. Basically no one was safe now. At this moment the size of the company did not matter anymore. Nor did the you were in. This round of seizures was felt by everyone throughout the gambling industry. The full effects of this seizure have not been felt yet but there is now even a lot less online US casinos available. Will the industry survive? It all remains to be seen but it’s been hit hard.