U.S. Wire Act Revision Could Be Reversed
Thursday, December 29th, 2011It’s been a roller coaster ride this past year for the online gambling industry, and with 2012 just days away, now is the time to take a look at the past year, as well as look at the big changes that have been made.
At the beginning of 2011, many online casino operators were shut out of the United States, and as a result, many European online casino operators lost quite a bit of revenue that they would have normally got from U.S. players. The reason being as to why online casino operators were shut out of the United States is because it is illegal to gamble online, and there was a growing concern of offshore gambling as well.
Fast forward a few months later, and Black Friday hit. It may have hit the United States, but it affected the entire gambling industry, especially the poker industry around the globe. Essentially, player confidence was down, and many countries cracked down and got even stricter with their online gambling laws.
The U.K. and many parts of Europe have been successful at keeping online gambling around, and developing great laws that protect players. Across the ocean, the United States has been toughing it out, working tirelessly for legalized online gambling in some states.
It looks like the U.S. will have an easier time of online gambling and making it happen, now that the Obama administration has revised the 1961 Wire Act, changing it so that it only applies to sports betting, instead of applying it to all forms of gambling. With 2012 just days away, it looks like the start of a good year for the gambling industry in the United States, and perhaps, the United Kingdom will benefit from this as well.



