Casino News: Online Casinos a Hit

Online casinos are banned in the United States, where they made for about half the global industry. As a result with one large online casino market off the table new and developing online casinos are popping elsewhere around the world, trying to fill the big void that has ensued. They weren’t aware of how important the United States was to online gambling until it was taken a way at the drop of a hat. The idea is now to spread globally and create online casinos that will cater to different countries, in a choice of languages and with geographically specific games and features. Few people, surely only the extremely optimistic, had in mind such scenarios develop that will have single, individual markets account for billions of dollars in business.

Spanish online casinos reach the $5 billion mark by the year 2010, at least that is what a report released this week has noted about Spain, that was singled out as the fastest growing online casinos market in Europe and the world at this point in time. In the current pace, Spain may make up as much as 10% of the global online casinos market that will reach the amazing sum of $50 billion that year, not long from now. Spain will be the focus of online casinos as a source of business growth and gambling trends as this happens. The profit that online casinos will generate will also likely have the government more accepting as it will be a source for jobs, taxes and other financial benefits. As such it may draw online casino operations from around the world who will want to base their headquarters in the country.

So what are the keys for Spain’s successful online casinos industry that everyone is wanting to know about? Liberalization is one, in which regions are able to set their own rules regarding online gambling. But the locals’ affinity of online casinos too is a source for business success. With a tradition of lottery, it seems like the Spanish people have always liked the fun of gambling and online casinos are truly filling a cultural need.

When it comes to the United States being drawn out of the online casino business it is mainly because the government wanted a piece of the pie and could not figure out how to get it. If they would have found a loop hole, the United States would still be in the race today.