Non-American Online Casino Operators Report Reduced Revenue

Casino News - October 22nd, 2009 - Written by Glen

Online casinos were thought to be recession proof, but two of the major online casino companies have shown reduced revenue and profits over the past quarter. The only correlation between the two companies, other than their reduced revenue, is that of the fact that they have pulled from the American market in response to the UIGEA.

While many of the Best USA Online Casinos remain open, several of the largest online casino software progrtammers have remained unavailable to the United States. PartyGaming, MIcrogaming, and Cryptologic are the three solid choices for online casino gaming, and all but Microgaming has ahoswed a decline in profit. Microgaming has remained consistent with their sales, and many USA players have been pushing to bring Microgaming back to the States.

PartyGaming is one of the largest online casino providors, and they are one of the few online gambling venues to be publicly traded. The PartyGaming network is worth billions, though a decline in players and a massive sale of stock by one of the largest owners has sent their shares in a downward spiral.

Cryptologic has announced a decline in their revenue for the third quarter. Last year, Cryptologic's revenue was 1/3rd of the total quantity higher than it was this year. Cryptologic has been growing recently, with the hopes of puling their product back to the top. Their optimism may not be misguided, but only time will tell.

There is talk that the only thing that could save these online casinos is the repeal of the UIGEA. This is not something that will happen for what could be many months, however, meaning these online casinos will have to keep pushing to survive.

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