Apparently Barney Frank is not the only one convinced that a major and positive change will be occur in the United States policy toward online casinos by the end of the year.  Success of companies like PartyGaming on the various stock exchanges has showed that expectations are high for the growth in online casinos.  There would be no greater boost to the industry than the legal reintroduction of the United States market; still, even with bans in place, the biggest market for online casinos.

There was a lot of concern when the new came out that the House of Representatives would not move forward with HR 2266 and HR 2267 until the fall.  There was a fear that with such a late date, online casinos would not be legalized until sometime next year.  But Barney Frank attempted, successfully, to set a few minds at ease by announcing during the most recent World Series of Poker that online casinos would be legalized by the end of the year.

“There is a reasonably good chance that the U.S. will introduce some positive online legislation in terms of gambling first at a state level in September and then at a federal level,” said KBC Peel Hunt analyst Nick Batram.

That was all the assurance that the market needed.  PartyGaming, the world’s most successful operators of online casinos saw a 7 percent spike in shares at the end of the most recent sales quarter.  That is supposedly the tip of the iceberg of what can be expected from online casinos if the United States follows through with regulation.