Barack Obama is the first black president-elect of
the United States of America. His administration could be historic for
more reasons than just his skin color. He comes to power at an
interesting time in American history. The country is currently involved
in two wars and the economy seems to be getting worse every day. It
will be on the shoulders of President Obama to mend these problems.
In order to fix the economy, President Obama will
need to create new jobs and find new ways of bringing revenues into
state and federal coffers. This is a great sign for online casinos.
During the presidential campaigns, Barack Obama had long been fingered
as the candidate most likely to overturn the Unlawful Internet Gambling
Enforcement Act. This law almost erased online casinos in the United
States by making it illegal for financial institutions to make
transactions with online casinos and Internet gambling sites.
There are many reasons for the Internet gambling
industry to put there hope in Obama. It is well known that Obama was a
regular poker player during his time as an Illinois Senator. Obama’s
campaign has also been driven by a focusing on advancements in
technology. He has been an active protector of the Internet and
ecommerce.
Online casinos are a multi billion dollar
industry. The United Kingdom has been very successful in the
legalization and regulation of the industry. The United States was once
the biggest market for online casinos and could return to that status if
Barack Obama and his supporters in the Congress choose to overturn the
Unlawful Internet Gambling Enforcement Act.