International Casino Operators Eying US Internet Gaming Market

The US has the possibility to be one of the most lucrative online gaming markets in the world. Ever since online gambling, save for sports betting, was deemed legal by the US DoJ, major casino operators in the country and abroad have been scrambling to have their online gaming licenses approved by gaming commissions in the US.

Land-Based Casino Owners to Collaborate with Online Gaming Developers

Although a hue and cry was made by land-based casino owners, it was only a matter of time before they realized the business significance of providing online gaming services. To this effect, several casino owners have started to collaborate with noted online gaming developers to grab a share of the profits.

Amid the race to secure the best gaming software, land-based casino owners are also looking to set up adequate and fool-proof security software that will protect their customers from a variety of untoward incidents such as collusion, money laundering and fraud. One of the primary concerns of casino operators is to put up fail-safe measures to ensure that underage players are not provided access to the real money games.

Gambling Addictions Feared by Internet Gaming Critics

As news came in about the proposed federal online gambling bill, critics have raised uproar over the fact that legalizing online gambling would promote gambling addiction and underage gambling. This is some of the major disadvantages spouted by critics who claim that no amount of sophisticated software will stop this from occurring.

Online casino operators realize that if they want to succeed in the US market, they will have to provide appropriate safety measures. Advanced technology such as geo-positioning systems is being put into place by casino sites to ensure that during background checks, they will be able to figure out whether players are who they say they are and are from jurisdictions that do not prohibit online gambling.

Studies Reveal Online Real Money Gaming Market to Cater to $10 Billion in 5 Years

Online gaming and gambling has found a niche as it offers the thrills of playing at a casino from the convenience of a home without the hassle of traveling. Players do not have to adhere to a specific timing as all that is required is a computer system, an internet connection and funds to wager real money.

According to recent studies, the online real money gaming market will cater to an audience of a whopping $10 billion within the next five years. Although this will affect the business of land-based casinos, their collaboration with online gaming developers will ensure they receive a sizable share of the profits.

WMS Industries Promotes Online Gaming at Nevada Global Gaming Expo

The Global Gaming Expo held annually at Las Vegas in Nevada is one of the most widely attended events of gaming manufacturers, providers and developers. As it should be, the possibility of the federal regulation of online real money gambling in the US was the chief topic at the expo.

Most slot makers are excited about the legislation and hope to get onboard the online gaming wagon. One of them is reputed slots maker WMS Industries, whose CEO spoke at the annual expo. According to Brian Gamache, the industry can no longer ignore that online gaming is here to stay. Gamache commented that one of the biggest tests for online casino operators will be to draw in the younger customers, aged from 22 to 36 years.

Gamache believes that online slots will be one of the favorite casino games as they do not require complicate playing techniques or strategies and are instead, based on luck. The aspect that will draw in customers will be the variety of themes of the games, the betting ranges that will allow regular and high rollers to make significant amounts of real money and the assortment of bonus promotions offered by several sites.

One of the major announcements by WMS Industries is that they will announce joint ventures which will allow land-based casino operators to offer online real money gambling services to customers. Other gaming companies have also announced partnerships that will provide online gaming services.

Playstudios, a noted gaming developer, has collaborated with MGM to develop an enviable platform of real money casino games including slots. According to Jim Murren, CEO of MGM, unlike other land-based casino operators who are scoffing at the thought, the company will embrace online gaming as it is the future. Facebook, leading social networking giant, has already amassed a huge number of players on its online real money bingo gaming application in the UK.

Political Hiccups to Slow Online Gambling Legislation

Where once it was certain that the online gambling bill proposed by the Nevada senators would soon see the light of day, the situation appears to be quite grim now. In a move that surprised the online gambling industry, Senator Heller got into a sparring match with Senator Reid over how to approach the bill.

As the spat became shamefully public, both sides are scrambling to release press statements that clarifies their version of the story. Amidst all the political back-stabbing, it is apparent that the online gambling industry will have to wait for some more time before federal regulations are put in place.