Online Gambling Corporation Refuses Phone Bets
28 Aug 2006
The online gambling industry like any other industry unfortunately has its setbacks. Recently, all the online casino lovers were shocked to hear a grave announcement from Betcorp. The company is one of the best known and well acclaimed online gambling groups and many online casino players enjoy gambling at its online casinos. Well, the group has announced that it will take no more phone bets that have immediate effect from the US online casino players. This gesture was influenced by a scandal with the ex-CEO of Beton Sports, who was arrested. As a result such measures were taken and a number of US focused businesses are bound to be shut down.
The whole gambling industry including the online casino players themselves are waiting for the outcome of this incident. It is extremely intriguing since 85% of the entire profit of this online gambling group is made by the U market. Thus, all the online casino players hope that the group will find a suitable solution. However, Colin Walker, the CEO of this online gambling group has noted that the situation will be carefully observed; now that the legality of the online gambling is it stake: "Our Antiguan registered business takes the bets, and in the past we were assured by our advisors that we have operated on the right side of the law. Recent events have brought some doubt into the equation".
Nevertheless, the online casino players shouldn't be too pessimistic. Especially the ones in Europe. Due to the fact that the Shares of this online gambling group had fell by 40% since the beginning of the scandal with its online casinos in the US, this online casino giant has decided to penetrate the European online casino market. Nevertheless, there are some good news in store for the company, for instance, the number of active online casino customers has grown by 30% and gross online player proceeds were up by 75% to $22 million! Thus, the fans of this online gambling corporation should hope for the best!
