Best online casinos, casino ranking, payout and bonus portal
Despite Bill Passage, Online Casinos Continue to Grow
Despite the fact that the United States' House of Representatives backed Senator Rob Goodlatte's bill calling for the outlawing of online casino sites and the use of credit cards for internet gambling, gambling giants such as Party Gaming have reported an increase in their share values.
Nothing seems to be able to stop the rise in popularity of online casino site, not even a strong anti gambling law that would essentially ban online casinos in the United States.
The trend in recent weeks has been for share prices belonging to online casino sites to behave rather erratically as Goodlatte's bill headed for the House of Representatives.
Although most online casinos are based outside the US, including Party Gaming, most of them rely heavily on revenue from the US gambling market. The silver lining seems to be the optimism generated by gamblers at online casinos who believe that the bill will not pass through the US Senate, especially since there is less than a fortnight of business days to go.
As a result of this belief that the bill won't pass in the end, share prices of online casino sites continue to rise. Party Gaming, for example, reported a 6% rise in its shares recently and other online casinos are in a similar marketing position.
Monday, September 18 , 2006
Brian Letendre