Online Casinos Continue Growing

Research from Global Betting and Gaming Consultants shows that entertainment choices are evolving due to economic pressure, leading to more people deciding to stay home and look to computers for leisure activity.

In 2008, the total global interactive gross gambling yield went over the $20 billion mark. Ironically, the group attributed this growth to the recession. With people staying home more often, they are turning to Internet gambling for their entertainment these days, since Internet gambling also offers the desired values of convenience, variety and budget the online casinos are continuing to grow at an impressive pace.

Additionally, Massachusetts Congressman Barney Frank is gearing up to introduce new legislation that will reverse the ban on Internet gambling in the United States. With the Democrats in the U.S. Congress drafting legislation to repeal a controversial three-year ban on online gambling, Frank has said he wants to end the ban, which has damaged trade ties with the European Union. European online companies lost billions in market value after the Unlawful Internet Gambling Enforcement Act became law and they withdrew from the U.S. Market.
"The existing legislation is an inappropriate interference on the personal freedom of Americans and this interference should be undone," said Frank.