Fire Wind water

The online gaming industry took a heavy hit in 2006, when the Unlawful Internet Gambling Enforcement Act was passed. The Act was passed due to a surprise maneuver of Senate Majority Leader Bill Frist, who had evidently tacked the Act onto a bill for port security. This new Act outlawed monetary transactions between Online gaming entities and American citizens; vastly reducing the once flourishing industry’s regular players and cash flow. It wasn’t just the online casinos that were disappointed with the Act; several thousand United States citizens were upset as well.

Although there may have been disappointment among online casino goers from the US, but the larger portion of disappointment fell upon stockholders that had invested funds in companies like PartyGaming and 888 Holdings. Upon the Act being passed, their shares fell a record 57% and 33%, respectively. The spokespersons for both companies cited surprise as their initial reaction
to the Act. Although both had been aware of the US government considering interference, neither had suspected that it would happen so quickly. US gamblers reportedly made up nearly half of the visitors on these and similar online casino sites.

Today, there may be chances for a reprieve from the outlines of the Act. Currently, Representative Barney Frank is preparing to present a bill next month that proposes legalizing online gambling within the United States, but with some regulations in place. The bill is expected to pass through the committee and House fairly easily but the Senate may pose a challenge. Regardless, many seem to be looking positively on the fact that the bill we be
presented during the Obama administration.

If this proposed bill passes, it could turn the tables for many in the online casino business and allow them to reestablish their relationships with former US players. At least, that is the hope of online casinos such as PartyGaming, recognized back in the days as offering the best online casino bonus.

If this proposed bill passes, it could turn the tables for many in the online casino business and allow them to reestablish their relationships with former US players. At least, that is the hope of online casinos such as PartyGaming.