Shifts In Casino Gambling Trends

Shifts In Casino Gambling Trends



The internet's ability to​ blur boundaries and society's acceptance of​ casino gambling and sports betting ultimately shed light on​ the​ inconsistencies and loopholes of​ American gambling laws. From the​ makeshift sportsbook stalls in​ Nevada,​ most sports betting activities shifted operations and exploited the​ possibilities of​ cyberspace in​ the​ mid-1990s. at​ present,​ there are numerous online gaming sites catering to​ sports betting and casino gambling based in​ countries like Jamaica,​ Costa Rica,​ and Ireland.

Despite overseas-based operations,​ the​ lion's share of​ the​ revenues and clients of​ these sites come from American states. in​ fact,​ recent studies show that these online casino gambling and sports betting sites earn more than legal casinos operating in​ Nevada. the​ profits of​ online gambling and betting sites are estimated at​ $70 billion for 2005 alone. This is​ a​ staggering amount compared to​ the​ reported $2 billion from Nevada casinos. This is​ enough to​ overthrow the​ three-decade reign of​ Nevada casinos from the​ 60's to​ the​ early 90's. Considering that online sportsbook and casino sites have been operating for less than two decades,​ they are clearly a​ threat to​ the​ thriving Nevada gambling scene.

For decades,​ Las Vegas is​ the​ only place legal for gambling operations. Atlantic City followed suit and made casino gambling legal; the​ following decades saw the​ proliferation of​ state lotteries,​ card clubs,​ gaming ships,​ Indian casinos,​ and off-track betting salons across the​ nation. But still,​ these developments are not enough to​ compete with online gambling. the​ industry of​ online gambling is​ not even swayed by staunch opposition from legal US casinos. the​ gambling laws of​ the​ United States of​ America do not help,​ too. They vary widely from the​ different states. Most states ban all forms of​ gambling while some make exceptions. Inconsistencies like these make it​ easy for online operators to​ find and use loopholes in​ the​ law. the​ American Gaming Association maintains a​ defensive stand regarding online gambling. the​ association pushes for federal laws on​ the​ regulation of​ online gambling. According to​ them,​ the​ unregulated nature of​ the​ online gambling industry is​ its advantage over traditional casinos; regulating it​ puts both camps on​ even footing.

But despite this stand,​ some Nevada casinos are following the​ old stand-by: if​ you cannot beat them,​ join them. November 1998 saw the​ start of​ a​ new trend; traditional casinos started acquiring off-shore online casino gambling companies to​ improve their profits. an​ affiliate of​ the​ Hilton Hotels absorbed the​ Australian online sportsbook http://Centrebet.com. Other Nevada casinos followed and this cycle again spawned a​ new barrage of​ debates.

Contrary to​ their earlier dislike of​ the​ online gambling industry,​ the​ traditional casinos set their sights higher. They are now pressuring the​ Congress to​ pass a​ law that legalizes online gambling. This is​ done in​ an​ effort to​ lower production costs; legalization means that they could now shift their operations in​ the​ US. Harrah's and MGM Mirage,​ the​ two leading casinos in​ Nevada and undoubtedly owning their own online gambling sites,​ lead the​ casinos in​ requesting for the​ regulation of​ online gaming. Clearly,​ this move requesting for regulation does not intend to​ put traditional casinos at​ par with online sites anymore. the​ competition shifted between independent online sites and Nevada casino-owned sites. a​ move to​ regulate translates to​ double profits for the​ Nevada casinos.

Whatever comes out of​ this new development in​ casino gambling,​ gamers are still assured of​ their gambling fix. Possibly,​ if​ the​ proposed regulation is​ approved,​ there would be more security in​ betting online since it​ is​ now under US laws. Like before,​ casino gambling proves itself to​ be a​ dynamic and ever-changing industry.




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