When you think about the term gambling, one of the first places that you think of is Las Vegas but the moment that you question where people think of when you say the worlds online gambling, you will see exactly how split the marketplace is at the moment.
Although millions, if not billions of dollars are being spent within the gambling market on a weekly basis, the recent global recession has meant that the market has become even hard to keep your head above water, especially as a company.
According to Paul Graceland, a number of online poker sites have been the latest firms to be the victim of the downfall in the amount of money that players have to be able to spend how they like, saying that not one but two sites have closed their doors to members as they look towards new ventures.
The news doesn’t prove to be much of a shock when you think about the size of the market and the constant growth of sites that are breaking into it every month and with many of those simply thinking that they can offer a new skin on existing software and tempt players away from their more established homes, they are facing an uphill struggle to say the least.
Online casinos seem to be more equipped to be able to fend of the chance of closure, or they simply vanish into thin air without the news breaking into the media but with a much higher chance of winning big and losing even bigger, maybe some people are simply happy to see their newly emptied accounts close along with the sites.
Where will the online gambling market end up, nobody knows, but with Spain now saying that they are going to allow gambling as long as sites are hosted on a Spanish governed domain name, there is a new market for which casinos will be able to fight for and I’m pretty sure that more countries will follow in upcoming times.