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Gambling Companies Set Up To Enter US Market

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The US is getting closer to changing their laws regarding Internet gambling. William Hill and Ladbrokes may be angling for a way into the US market. It is a market that is the biggest in the world, and all of the big online gambling companies are going to want in when the laws eventually change.

(Currently, the two companies pay a 15% tax on their Internet gambling operations. That will be cut to 1.5% when they move offshore. The money they will save from now until the US changes their laws could be crucial to securing the US license).

:dirol
Join: 2006/12/07 Messages: 29893
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Manne wrote: The US is getting closer to changing their laws regarding Internet gambling. William Hill and Ladbrokes may be angling for a way into the US market. It is a market that is the biggest in the world, and all of the big online gambling companies are going to want in when the laws eventually change.

(Currently, the two companies pay a 15% tax on their Internet gambling operations. That will be cut to 1.5% when they move offshore. The money they will save from now until the US changes their laws could be crucial to securing the US license).

:dirol
The size of the potential profit from the US market seen by these companies is clear from their determination to invest in lobbying.
Join: 2007/02/24 Messages: 1205
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Manne wrote: The US is getting closer to changing their laws regarding Internet gambling. William Hill and Ladbrokes may be angling for a way into the US market. It is a market that is the biggest in the world, and all of the big online gambling companies are going to want in when the laws eventually change.

(Currently, the two companies pay a 15% tax on their Internet gambling operations. That will be cut to 1.5% when they move offshore. The money they will save from now until the US changes their laws could be crucial to securing the US license).

:dirol
Let the games begin 😄
Join: 2006/12/11 Messages: 1758
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Manne wrote: The US is getting closer to changing their laws regarding Internet gambling. William Hill and Ladbrokes may be angling for a way into the US market. It is a market that is the biggest in the world, and all of the big online gambling companies are going to want in when the laws eventually change.

(Currently, the two companies pay a 15% tax on their Internet gambling operations. That will be cut to 1.5% when they move offshore. The money they will save from now until the US changes their laws could be crucial to securing the US license).

:dirol
Once the legislation passes the US Congress, the market will be flooded with Las Vegas casinos, and other prominent offshore online casinos that will quickly gobble up all of the new US players, advertising rates will skyrocket, and the online casinos will have to settle for a much smaller share of the US market.
Join: 2006/12/07 Messages: 29893
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Manne wrote: Once the legislation passes the US Congress, the market will be flooded with Las Vegas casinos, and other prominent offshore online casinos that will quickly gobble up all of the new US players, advertising rates will skyrocket, and the online casinos will have to settle for a much smaller share of the US market.
I dont mean to be negative but I dont see this happening real soon
Join: 2009/09/07 Messages: 16
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