Mergers Expected as U.S. Legislation Sends Shockwaves Through Gaming Industry
In order to weather the latest U.S. legislation prohibiting banks from processing online gambling transactions, mergers and other business model adjustments are expected to transpire among a number of Internet gaming companies.
According to one of the industry's more vocal critics of the recent U.S. legislation - Partygaming's CEO Mitch Garber - the online gaming sector was caught off guard with Congress' swift passage of the bill forcing banks to monitor and prevent all gaming-related transactions.
Some gambling organizations are expected to continue accepting wagers from U.S. residents, though increasingly more analysts are predicting that ultimately it would be impossible to function should American financial institutions refrain from facilitating online transactions.
Still, critics of the bill's passage insist that the odds are indeed very low that U.S.-based players will quietly abandon their passion for gambling online.
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