On July 11, 2006 the House Of Representatives approved a crackdown on Internet gambling that would ban not only sports betting but also online poker and casino games. Once again big brother is flexing their political muscle and dictating to the American people that they know what is best for them. The reality though, is that the U.S. Government does not have a hand in this cash cow pie. They can’t regulate it, they can’t profit from it and therefore they must abolish it. This is a multi billion dollar industry that the U.S. is simply not a part of.
The ramifications of removing a multi billion dollar industry from society are so vast, that one could not possibly comprehend the entire fallout that would occur should the ban become law. People who bet on sports will continue to bet on sports ufabet . We will undoubtedly see an increase of underground Bookies. You know, the guys in the back of the pizza shop with 25 phone lines ringing off the hook. Perhaps we will begin to see more organized poker games in the back room of your local pool hall. Maybe your neighbor will set up a mini casino in the basement of his home and invite you over for some Baccarat. These are all plausible scenarios. None of which are desirable or healthy for society. The point is people who enjoy gambling will find a way to gamble. The U.S. Government is just making it dirtier for them to do so.
The real impact will be felt by those who are directly and indirectly associated with online sports books, casinos and poker rooms. These are some very large Companies with some very large marketing budgets. Millions upon millions of dollars are spent on their online advertising campaigns alone. Search engines such as Google and Yahoo will suffer an enormous loss of revenue should this bill become law. There will be no need for these Companies to advertise in newspapers or magazines, on the radio or television. All the revenue generated through these Companies marketing campaigns will vanish overnight.
There are also thousands of website Owners on the Internet that feed off of these Online gambling houses. Many of which make their living through affiliate programs that many of these poker rooms and sports books offer. It will be these Online entrepreneurs that will be affected the most. Not only will they lose the revenue that is generated through online gambling but they will lose whatever they have invested in the development, optimization and advertising campaigns associated with their websites.
Since time immortal, one of the favorite pastimes of sport freaks has been gambling. Gambling is exciting, considering the risk involved, the luck factor and the chance to make big money in a couple of hours. Online gambling has become popular with millions of people across the globe, with more visiting betting sites and online casinos popping up on the internet than ever before. One great advantage of having this facility online is of course, that it is accessible from any place which has an active internet connection. This has made gambling a sport in itself, available to millions of new people.
There has been a boom in the online betting industry and the kind of profits many sites are enjoying now is unimaginable. Online casinos are not to be left behind, as there has been a rapid explosion of these as well. In fact, online poker gives gambling, a glamour quotient by roping in celebrities for high profile tournaments. This means reaching out to a whole new market in itself.
Successful businessmen rarely limit themselves only to one type of entrepreneurship. He is the CEO of Trump Organization, an American-based real estate developer in the premium real estate market and the founder of Trump Entertainment, which operates gambling casinos. Gambling industry often serves as a good support for main business. This is how the famous American billionaire and politician Donald Trump uses the gambling industry. Trump began his career at his father’s company, the Trump Organization, and initially concentrated on his father’s preferred field of middle class rental housing.
The range of Trump’s interests is very wide, first of all, it is real estate, mass media, restaurants. It is not surprising that such a multifaceted entrepreneur became also interested in gambling industry. Understanding that practically all niches in Las Vegas are occupied, Trump paid his attention to the developing Atlantic City. It is there that he founded three casinos. Now Trump owns «Trump Taj Mahal», «Trump Plaza» and «Trump Marina» in Atlantic City. The fortune of Donald Trump is 2.6 billion dollars, he occupies the 278th position in «Forbes» world rating.
Swift development of IT technologies influences practically all spheres of human activities. Gambling business is not an exception. Now one can play club poker, make bets on the results of sporting events via the internet without leaving home. The pioneer of online gambling was Calvin Ayre. Calvin was born in 1961 in Canada. In student years he worked up selling fruit. Having thus earned 10 thousand dollars, he organizes a company that specializes in IT technologies.
Perhaps, now he would also be engaged in developing, for instance, software, if once upon a time he came across an article that described business that accepted bets via telephone. After reading it Calvn decides to change the profile of his enterprise. In 1994 he creates «Bodog Entertainment Group». Believing in the potential of the computer network Internet, he starts to develop his business specifically in this area. With the help of web portal bodog.com for the first time people were able to bet online, and then play in casino and club poker. In March 2006 Calvin’s photo appears on the cover of «Forbes», he becomes the first online casino games businessman who made his way into this prestigious magazine. According to “Forbes», Calvin managed to earn 44 million dollars, with this sum he occupies the 746th place in «Forbes» world rating.