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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.
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2004 Online Casino News Archive