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It is funny how things have a way of working out.  Back in 2006, the United States nearly destroyed online casinos when it passed the Unlawful Internet Gambling Enforcement Act.  The act did not outlaw online casinos, but it did effectively make it illegal for financial institutions like banks and credit card companies to process transactions to and from online casinos.

The business was crippled as it largest market was all at once pulled off of the scene.  Online casinos shut down for good and many top names came close if they failed to diversify their market base and take advantage of the opportunities available in Europe and Asia.  The actions of the United States were largely viewed as an act of protectionism. The United States is not an anti gambling country, having gambling Mecca’s like Las Vegas and Atlantic City.  In addition, more and more states in the nation are legalizing forms land based gambling to increase revenue. 

However, two years later, quite a bit has changed.  Troubles in the current economic climate have caused most businesses and markets to suffer.  This includes brick and mortar casinos, but excludes online casinos.  Online casinos continue to flourish since their operations solely depend on revenue from gambling activity.  Most brick and mortar casinos are interwoven with other industries like hospitality, restaurants, and retail. 

Month after month, brick and mortar casinos are seeing their revenues decreasing.  On the other hand the number of people gambling online at online casinos has enjoyed a steady ascension.

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