US Asset Freeze and Economy Hurting Online Casinos
Posted on: July 20th, 2009 8:00 am | By: Jeremy SchruteA recent poll conducted by the betting exchange found that there are two major factors weighing on the minds of internet gamblers, the US government’s freezing of assets back in May and the recession. The fact that the US government overstepped their authority, or what I like to call “doing what the government does best” by seizing funds to be paid out to winning players is a major concern among online players – at least those who know about it. The survey showed that 88% of the players were concerned about the security of their money and 76% moved to different sites as a result. However, only 42% of the players in the United States were aware of the freezing of assets from PokerStars, Full Tilt, Ultimate Bet and Absolute Poker.
The poll also showed that 52% of the US players are spending less money in online casinos than the previous year due to the recession. So basically, online players are worried about the government stealing their money and about the government trashing our economy by spending too much of their money. Both problems seem to stem from the same principle: the government cannot be trusted with your money. The players’ worries about the government is the hurting online casino business, which should come as no surprise, because the current administration of bad for every other business as well, though it is good for the United Auto Workers union (UAW) and lawyers that love frivolous malpractice lawsuits. So if the online players want to make some real money they should probably join the UAW.
Tags: Absolute Poker, asset freeze, economy, Full Tilt, online casino, online gambling, PokerStars, recession, UAW, Ultimate Bet, United Auto Workers union

September 19th, 2009 at 2:00 pm
Thank you for your help!