I think the industry will take a few more hits, nothing can be any worse really than NT and PInny and other events that have happened the past few months.......I feel we will see a little more decline, then a rebound around the end of the year .
Something positive will come out of this... late in the year we will know.
Something positive will come out of this... late in the year we will know.
It might get worse will have to wait and see what happens after the superbowl,march madness and nba playoffs after that the books are going to go hungry and they are going to have to think of something creative to do for the upcoming football season there is just to much money out there for any book to walk away from.
Wait until the Irs and feds start sending letters to U.S Offshore gamblers to come in for a "visit". Worst is YET TO COME for sure.
I'm feeling very pessimistic. I never dreamed the law would cause so many books to pull out. Realistically the writing was on the wall with Neteller - I expected a more gradual withdrawal from the market though. Some banks not accepting checks from sportsbooks is not good. My biggest fear is that while books will try to come up with a new payment system, it will be rejected by most banks/processors serving US clients. IMO if they don't get this payment issue resolved soon, the remaining sold books will turn away completely from the US market. The US market may be lucrative, but not if you can't get money flowing back and forth. I will not be shocked if another major book closes its doors to US clients soon after the Superbowl. Others will follow. I do not see internet gambling being legalized and regulated anytime soon in the U.S.. The only way I see this turning around is if the WTO sticks it to the US, and the European and Caribean countries stick it to us as well with economic sanctions.
I think more European sportsbooks enter the U.S. market and more offshore books marketing themselves to the European and Asian markets...Also not a good time to be an agent in the states...JMHO....but I always believed that the industry will always get stronger with the top shelve books prospering.....
