Argentina To Regulate Online Gambling In A Hurry

Argentina is on the fast track to regulating online gambling and online casino games. They are following in the footsteps of a number of countries around the world who are have recently passed, or are in the process of passing, legislature to legalize online casino gaming.

The Presidential Cabinet Chief of Argentina, Anibal Fernandez, says that the government wants to regulate online gambling in order to curb illegal and unregulated offshore casino operators. However, it is rumored that Argentina isn’t turning to regulation of online casino gambling just to give Argentineans the option to play online casino gambling games “close to home”. Rather, the major impetus in online gambling regulation in Argentina seems to be soccer, or what the Argentineans refer to as “futbol!”

This past year, the Argentinean government took over the soccer television broadcast rights from the cable operators. Allowing Argentineans to bet on soccer games online is a great way to bring in revenue to pay to televise these games. This could account for the fact that within a year Argentina has made a drastic 180 chance from looking to ban online casinos and online gambling to wanting to legalize and regulate it as soon as possible. Anibal Fernandez said, “We’re working hard so this will become law within two or three months.” However, though they are trying to pass the legislation as quickly as possible, Fernandez also noted that it could take as long as two years until online casino gambling is legalized and regulated in Argentina.

Each time a new government decides to pass legislature to legalize and regulate online casino gambling it is a great step forward for the online casino industry as a whole. With each new bill that is passed, the rest of the world sees that Internet casinos can be regulated and run safely and effectively. Many online gamblers are playing at offshore-operated online casinos.

Turning control over to the government ensures responsible gaming and additionally, online casinos are turning out to be a great way for governments to earn extra money in tax revenue, which is especially important during the current economic crisis. Therefore, many countries are turning to regulating online casino gaming, giving gambling enthusiasts the opportunity to play games like casino blackjack, casino slots, roulette, craps, video poker and other online casino games.

If and when Argentina succeeds in regulating online gambling, it could have a domino effect on the rest of the world’s online gaming stance. Many church groups, live casinos and racetracks and bookies do not support online gambling.

However, there are still a number of other countries, including the United States, which are in the process of passing similar online casino legislation. United States lawmakers could use Argentina as a precedent for their own bills to regulate online gambling and wagering in online casinos, online poker rooms and other online gambling wagers.

Online Casinos Giving Vegas A Run For Its Money

The current global recession has a lot of industries hurting, and land-based casinos are no exception. Particularly in us-online-casino-rothe United States, where the economy is at its worst since the Great Depression of the 1930s, land-based casinos are seeing one of the largest profit declines in history.

In July, Las Vegas profits fell 17% and they have continued to decline through the month of August. The decline can be attributed to a number of factors. For one, people all over the world and particularly in the United States are being tighter with their money. The unstable economy has led to a fall in travel in general and less people are forking out the cash for the flight or gas money it takes to get to Vegas. Atlantic City is also showing a decline, as well other land-based casinos and casino resorts throughout the United States.

However, despite the decrease in land-based casino profits, U.S. online casino action is on the rise. Many players that once travelled to land-based casinos are turning to the online casino world. After all, Internet casino gamblers don’t have to worry about the cost of travelling, dining, entertainment or accommodations. Online casinos offer popular casino games including casino blackjack, casino roulette, craps, baccarat, casino slots, video poker, keno and more at a fraction of the cost.

Many online casinos are also working to attract new players by offering new promotions or increasing the amount of existing casino bonuses. Generous welcome bonuses and high-paying referral, rewards and VIP programs are huge incentives for new players to sign up for online casinos, even during this global recession. Many online casino rooms are offering their players the opportunity to participate in free tournaments and earn additional cash bonuses as well.

Another way that Internet casinos are attracting customers is by releasing new games and new casino software. New slot machines based on current trends, movies and characters are drawing players who want to try out new games. Additionally, many online casinos are turning to 3D games as well. Many online players are playing at lower stakes than they were before when playing games online, but an increase in the number of players still leads to an increase in profits.

A number of online casinos, including Rome Casino and other casinos supported by Top Game software, are opening up their doors to a new set of players by accepting American Express deposits. Amex online casino rooms are benefitting by offering Amex players a place to play—players that were once turned away from most online casinos.

The offering of bigger bonuses, new games and new payment options is paying off. While Vegas and other land-based casino locales are on the decline, online casinos are showing a steady increase in profits. However, online casino rooms will have to continue to reward and astound players if they want to continue their uptick as the recession in the United States continues.