InvestorsHub Logo
Followers 3
Posts 387
Boards Moderated 0
Alias Born 11/20/2008

Re: None

Tuesday, 10/05/2010 11:21:10 PM

Tuesday, October 05, 2010 11:21:10 PM

Post# of 11388
Found this commentary:

Tribal Casinos Making Move to Online Gambling
One of the best things about the market of gambling today is that more and more companies are joining forces to create bigger gambling companies. One joint venture that is making news in the market now is the joining of Atlantis Internet Group and Cake Poker. Cake Poker of course is a premiere poker website online today. It is one of the best websites for not only poker play, but also poker tournaments. If you love tournaments, then you can take part in them on a daily, weekly or monthly basis at this casino. The joining of the two companies though is creating an even bigger advantage for poker players from all over the world. The companies are forming a high-end poker network for gamers in US tribally-regulated casino groups.

Some critics were quick to cite the move as premature for the companies. They believed that since the US is still debating ways of amending the UIGEA, or Unlawful Internet Gambling Enforcement Act, it is a bit premature for companies to start working with tribally owned casinos. This isn’t the case though. Cake Poker’s move is the perfect thing to do to put them in an opportune position. It is no secret that US legislators are pushing for changes to the UIGEA and trying to legalize and regulate gambling. The changes are opening the door to more problems in the future though. Cake Poker and Atlantis Internet group are both trying to position themselves to help tribal-based casinos move into the world of online gambling. Many tribe-run casino operators know that they are not going to survive if they don’t put together some viable options of bringing gaming into the world. Though they relied on land-based gambling for years, now with the new addition of online gambling companies, it is getting more and more difficult for them to keep up and compete. They have to be ready to move with the market with changes that are going to make them competitive. It may take time, but tribally-owned casinos are making changes that are going to bring more gambling fun to the gaming public. The hope is that they will bring in more revenue, but also expand their own businesses so they can remain integral to the market as it expands.