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Stocks for online casinos have not had it easy in the past two years.  They have been almost completely ejected from both the NASDAQ and the New York Stock Exchange. 

Because of the Unlawful Internet Gambling Enforcement Act, passed in October of 2006, most brick and mortar casinos and online casinos trade stock on the London Stock Exchange.  The United Kingdom legalized and regulated online casinos making the country a place for the multibillion dollar industry to flourish.

The Unlawful Internet Gambling Enforcement Act made it illegal for any financial institution in the United States to transfer funds to online casinos.  Gambling and online casino stocks are also traded on the Alternative Investment Market.  There are a very few online casinos listed in the United States, but none of them accept players from the US. 

Gambling stocks have not been able to avoid the terrible volatility of the stock market that began in September of 2008.  Still not having fully recovered from the damage in 2006, the third quarter of 2008 has left gambling stock at an all time low.  Although the stock of brick and mortar casinos have faired reasonably well, stock for online casinos have taken a serious nose dive.  

The future for online gambling stock is uncertain.  Lobby groups for both online casinos and land based casinos are pushing to get the Unlawful Internet Gambling Enforcement Act repealed in the United States.  Many are hoping that the new administration taking over in January of 2009 will expedite the process.

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