Online Casinos Coming or Going?

The online casino industry is confused as to where they stand now, as are many Americans. With President Bush in office the online casino industry knew that they didn’t stand a chance of legalization and regulation. They also knew that if John McCain had been voted in, it would have been four more years of the same thing, and they would have to wait to see if they could get legalized after that.

However, with the election bringing in Barack Obama instead as our 44th president, the online casino industry is starting to feel hopeful that they might be able to return to the US. With the passage of the Unlawful Internet Gambling Enforcement Act, many online casinos left the US in search of friendlier shores. Now with Obama in office, there might be a chance for them.

Many online casinos are thinking that they might be able to come back to the US once Obama is in office. They know that online casino gambling is not going to be a huge priority for the president-elect, and that he has much bigger issues to worry about – but they also know that his administration is going to be much friendlier towards the cause.

Even the recent passage of the US Treasury’s rules for the UIGEA, a last ditch effort by Bush to mess the country up even more, did little to dampen the enthusiasm of the online casino industry. The new regulations will force banks to change their agreement letter to their clients, but not much else.