Online Gambling is Coming Back

April 30, 2009

It was a little more than two years ago when the bottom dropped out of the online gambling market. Congress passed the Unlawful Internet Gambling Enforcement Act, or UIGEA, and online gambling companies fled the US to other parts of the world. Publicly traded European companies that truly made up the majority of the online gambling industry left for a place where they would not be persecuted.

Places like Antigua and the Isle of Man were inundated with online gambling companies looking to set up shop there instead, and countries around the world re-evaluated where they stood on the whole online gambling issue, with most siding against the US saying that it was a bad move. Here and there you saw a couple of them think that the US was on to something, but for the most part we were reviled for the decision.

But now that there is a new administration, many of those same European online gambling companies are wondering if they might get a chance to come back. They see the borders starting to get weaker and think that there may be a chance in the near future when online gambling is legal in the US again.

Not only that, but across Europe itself, online gambling is becoming easier to be a part of. Those countries that thought that they should either outlaw it all together, or only allow it within their own borders are starting to cave and allow interstate online gambling as well. The future is looking very bright for the online gambling industry, and it may end up being just months before we see it legal again.




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