Because so many online casinos were forced to shut their doors to United States clients and seek out alternative markets, European online casinos have noted – quite happily, we should add – that business is booming in their part of the world. So while the Unlawful Online Gambling Act was bad news for some online casinos, European online casinos are not complaining that American customers are looking for safe and ‘legal’ sites to have some fun at.
The European Commission has put out a report which shows that 3% of the European Union GDP was revenues from gambling and this number was set to rise even higher as European online casinos became more popular with United States players. The British move to legalize online casinos, as well as Italy’s current change in legislation to license casinos means that online casinos will become more popular – both with European gamblers and international players.
While many people sold their shares in a panic after the new US law, many analysts feel that it may be an excellent time to actually invest in online casinos. Low share prices mean that investors can pick up great bargains and many feel that the downward trend won’t last for long. In fact, online casinos are already starting to report an increase in customers – especially in Europe!