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US National Casino Gambling Revenue Down - 9th May 2010

National gross gambling revenues fell to $30.7 billion in 2009, a decrease of 5.5 percent from 2008.

It marked the second consecutive year of declining casino revenues due to the recession and consumers' cutting back on discretionary and leisure spending, according to the Philadelphia Inquirer.

Atlantic City fared the worst. It saw revenue drop 13.3 percent.

Nevada, including Las Vegas, was down 10.4 percent.

"This past year was tough for all Americans, and it was tough for our business as well," said Frank J. Fahrenkopf Jr., president and CEO of the gaming association. "Nearly every industry that depends on consumer spending to succeed has been negatively impacted by the recession." website PartyCasino Marvel Slots website PartyCasino profile

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International Internet Betting Laws

It may seem difficult but it is important that all citizens across the world stay updated with Internet Betting laws. Below you will find what we understand as the laws to online betting in certain areas of the world.

US Internet Betting Laws
The United States of America has the most ambiguous online casino laws in the world. They have passed laws to ban banks from allowing transactions that are deemed illegal, but no one has any idea what the United States considers legal or illegal. Currently, all US citizens are advised to check with local laws before gambling online. Even the online casinos aren't sure if you should be allowed to bet at their site. Some companies don't allow US players, others allow some US players, and some could care less where a player is from.

UK Internet Casino Laws
The UK is the first major country to completely legalize and regulate online gambling. The Gambling Act of 2005 was passed while Prime Minister Tony Blair was in office. Blair had a flair for expanding gambling, but when Gordon Brown took over as Prime Minister in the UK he provided a tax structure that was so high that most online casino companies were not urged to relocate to England. Today, all web branded casinos that are in a UK approved jurisdiction are legal for UK citizens to play at.

International Online Betting Laws
As the world gets deeper into the 21st century and the Internet becomes a more common cultural tool more and more countries are realizing the reality that is Internet gambling. Currently, Spain, Italy, Germany and other countries have moved to legalize and regulate the industry, while few still look to protect their homeland gaming monopolies. It is extremely important to check all local, state, and federal laws before participating in any online gambling activities.

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