From about 2001 to 2006 the online gambling industry was booming. Players could easily deposit with Paypal, credit cards, or using the online wallet NETeller. Money was flowing everywhere, and the Internet casinos were making a killing, especially off of players from the united states. However, recent actions by the U. S. government have put a hold on that, and cut off a lot of the players from the united states.
In late 2006 Congress passed a bill called the Unlawful Internet Gambling Enforcement Act (UIGEA for short) that was an attempt to shut down online gambling for players in the united states. Instead of targeting actual players, the government targeted the banks that processed transactions for the gamblers. It became illegal to process payments related to online gambling, so no banks would send money to NETeller. Also, previous to this Paypal had dropped out of the e-gaming market, so players couldn’t use them either.
Credit cards also no longer worked, because the credit card companies are in the united states so they were forced to stop processing payments from US players. This left players with basically no options for depositing money onto a casino website. A few other e-wallets entered the market including Click2Pay and ePassporte, but they never caught on with the fire that NETeller once had.
One hang up though is the fact that many online casinos will no longer allow players from the USA, because they want to comply with the USA’s demands. Places like Casino Tropez have dropped out of the US market, so players haven’t been able to return even after they found a deposit option.
However, new options have surfaced that now allow USA players to play at the best casinos. Credit card payments have returned at many online casinos and poker rooms, and other methods such as e-check payments have allowed most players to return to their previous sites.
The overall effect of this is that about 60% of the USA player market has dropped out, because the casual player doesn’t want to jump through loops just to make a deposit at an online casino. This crippled many online casinos, and evidence of this is the image of PartyGaming’s stock prices on the day that the UIGEA was passed. For those of you who haven’t seen it, basically the stock went from a high soaring price to pennies within hours. Gambling, as a profession, has a rich history. According to current data, millions of dollars cross hands each day at casinos around the world. Because of rising prosperity witnessed in the last half-century, the number of players and frequency of playing has increased tremendously. It has received a major boost from online casinos and televised casino tournaments. Although casinos are located around the world, casinos in the us and especially the ones in Las vegas are a class apart from the rest.
A lot of tourists and vacationers plan their visits to experience casino games. However, most of these planned visits are a thing of the affluent class. The rise in casino gambling, has given rise to casino hotels to offer high-class accommodation to visitors coming to play at the casino.
Casino Hotels are simply resorts or hotels that host casino activities at the same location. They offer visitors the opportunity to enjoy holidays and at the same time experience casino gambling. In fact, some of these casinos have build a reputation of being small financial institutions in themselves. Some of them even offer cash advances to their regular customers. This is beneficial as all of the cash advanced to a customer is spent in the casino.
Modern casino hotels provide luxury accommodation suites to customers at an expensive rate. However, some of these casino hotels lower their rates slightly to lure customers in off-season. Casino hotels offer a complete hotel experience with multiple cuisine restaurants, swimming pools and in-house spas and beauty salons. They also feature shopping centers offering a large variety of products. They can be played just by loading into the web browser. Whereas, the in previous online casinos had certain software that first had to be downloaded and even then some of them required money for downloading. Not just that after downloading the software, you have to spend your precious gambling time on installing that software on your computer.