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Most Recent Online Casino News

New Generation of Online Gambling Threaten Online Casinos

As Internet technology is getting more sophisticated a new generation of online services has emerged that allows punters to wager not against the house but directly against each other. Traditional Web casinos and bookmakers may face extinction as more users turn to companies like Betfair.com who let their customers set the terms of their own wager easily and efficiently.

Mark Davies, managing director of Betfair.com, a booming Internet gambling operation based in London, said that while Britain’s traditional betting parlours are regarded as "male-oriented and smoke-filled" his company is "making wagering much more of a leisure activity than a seedy, below-the-line activity, according to a New York Times article, quoted by International Herald Tribune.

Today Internet is changing how people gamble, just as it has changed auctions, securities day-trading and music sales.

Peer-to-peer betting, which has been increasingly popular in Europe, Asia and Australia, is one of the fastest-growing online gambling industry, according to analysts. Now, several entrepreneurs are introducing similar services in the United States despite the fact that such operations are prohibited by the U.S. federal law.

Read the entire article at: GamblingGates.com 

2004 Online Casino News Archive

 

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