Rise and FallBrick and mortar gambling has been well established and well regulated in this country for decades. As a matter of fact, 48 of the 50 states have some sort of legalized land based gambling. Online casinos are still relatively new and governments are having a hard time regulating the web based business. But to look at the current state of brick and mortar gambling, one might think they were the ones operating without regulations. Recently there have been quite a few states looking to slot machines and brick and mortar casinos for help fix gaps in their budgets. But for a few of those states that process has been anything but smooth. For Maryland, their first attempts to regulate slot machines were a complete embarrassment; so much so they had to start over from scratch. Ohio recently ran into the issue of having to replace the head of the Lottery Commission. That is not where the problems stop with the brick and mortar. New Jersey’s Atlantic City is losing any hold it once had over the Northeastern region of the United States, with falling revenues and crumbling hotels. Online casinos may be to blame for the sudden lack of interest in an industry that has been growing steadily for the last ten years. Although online casinos are lacking legal regulations, they are operating smoothly and are not having the same structural problems of brick and mortar casinos. In fact these problems are not even inherent to the nature of online casinos. |