AOL Joining Online Gaming

August 9, 2007

Even though online gambling is still illegal in the United States, that doesn’t stop companies from getting involved in it. It is still legal in many parts of the world, and online gambling is so lucrative that any one that can be a part of it should be. Online casinos bring in billions each year, so it only makes sense that big name companies would be trying it out.

AOL is the latest company to get into online gambling, and even though it is illegal here that does not stop American companies from opening online casinos in other parts of the world. Online gambling itself is not illegal, but processing the payments to online casinos is for banks, etc.

AOL has signed a deal with FLUXX, a German online betting company, and with this deal they will be marketing sports betting online in the UK. They have already gotten hooked up with JAXX UK, which works at providing lottery services to the Germans.

The company says that they are not the first ones to get into online gambling, and they know that they won’t be the last. They say that they are simply looking for ways to be more profitable for their shareholders, and online gambling and online casinos seems a pretty good way to go.

They say that they are going to be partnering with other companies as well to get them a bigger presence in Europe, and they think that they will be able to make AOL UK portal “the premier online destination for web users and advertisers alike,” per Michael Steckler of AOL Europe.

Back to August 2007 Archive.