In 1996 we saw an exploding market of online casinos that swept through the world. The united states saw a huge increase in both online casinos and players. This huge increase of online players worried the land-based casino owners and they lobbied to have it stopped or at least slowed down. They knew if this pace continued they would see more of a reduction in profits. So they really lobbied Congress hard and in 2006 the us passed the Outlawed Internet Playing Enforcement Act (or UIGEA).
The UIGEA act forbidden all the banks and payment processors from processing any kind of transactions related to online playing. This created a problem for players in packing and pulling out money from their online accounts. While the companies continued to operate they had to use payment processors that could prevent such constraints. Despite all these laws related to online playing, some online casinos continued to simply accept players from the US.
On the other hand, many of the bigger online brands left the us market, the choices for players became extremely limited. Many said it was very hard to find a good online casino. A lot of reviews sites begun to pop up that directed players to the sites they so anxiously looked for. Some of these sites were better than others, but they served the requirement that was created. Soon there after the market had begun to become stable and players were playing online USUN again Black Friday hit the online gaming world.
Many casinos had found a way around the deposit and revulsion problems and the online playing world was growing once again. Many begun to feel invincible to this new law. The costa rica government was not really enforcing it and it seemed like they had no motives of accomplishing so. This became certainly a false sense of security for the players and online casinos. April 15, 2011, should go down ever sold as the day the online playing industry was reprimanded and reprimanded hard. It was the start of a new era. The us Department of Justice charged the principals of the three largest poker sites Poker Stars, Full Tilt Poker and Absolute Poker with bank fraud, illegal playing crimes, and laundering billions of dollars in illegal playing proceeds. The DOJ gripped their website names and their funds. Suddenly many US players just weren’t just left with no place to play, but absolutely no way to recover their funds.
Black Friday forced many more playing brands to leave the us. Everybody was once again striving to find new places to play, worried if they would ever get their money-back, and wondering if anybody would stay in the usa market. A major blow was minted to online playing and many wondered if it would survive. Again the review sites played a major role to locate places for players to play. Now the market was very limited and it was a struggle to find online sites. Once again the market slowly begun to become stable and things settled down a bit. The market was damaged but made it through.
The next major event was Dreary Mon. Dreary Mon saw more website names and playing operations gripped. There were two main differences with one of these seizures. This time both big and small sites were gripped. Many different sectors in the industry were gripped including on line poker, casinos, sports books and even bingo. Basically no one was safe now. Now the size of the company did not matter anymore. Nor did the you’re in. This round of seizures was felt by everyone throughout the playing industry. The full effects of this seizure haven’t been felt yet but there is now even less online US casinos available. Will the survive? It remains to be seen but it’s been hit hard.