In the words of many of the influential media personalities within the United States, the government has let the American people down. With the credit crunch and then the housing market collapse, the United States government was caught with no legislation and with their pants down when it came to both of those events. Even though a handful of people knew what was going on, what is painfully obvious right now is that the American government didn’t and for that reason many of the people that invested in companies they thought were secure are now really starting to feel the pain of the situation.
For this reason, it is perhaps ironic that a lot of investors are now starting to take a serious look at online gambling as a way to invest their money. There are very few safe havens in the world economy at the moment, but there are many people that are starting to transfer money into online gambling in the hopes that it will massively expand over the next couple of decades and make them back a lot of the money they ended up losing when all the chips were down. Online gambling through different 토토 has provided a stable investment opportunity to many of these people and the irony of the situation is very delicious indeed.
Why is the situation ironic? Well, many people that follow the online gambling industry will of course remember the Unlawful Internet Gambling Enforcement Act of 2006. The UIGEA was a piece of legislation that single-handedly cut the market for online gambling in half. It was passed by legislators that were on a witch hunt against online gambling and their associated financial institutions and without any thought, as to the lives they would affect or the jobs they would destroy, the legislators passed the bill and gloated about it to their socially conservative constituents. A similar voice in the field that was ignored was that of people invested in offline gambling companies because naturally, the competition would pose a threat to the value of their stock.
And that second voice that is often ignored in this discussion of history is the one that makes this situation ironic. It is ironic because even though the industry was cut in half when the gambling act was passed, online gambling operations eventually recovered and came back into the fold with a diversified player base and therefore stronger than ever. It is this diversification and ironically enough the effects of the UIGEA that have created a stronger online gambling industry and it is an industry that is now poised to outpace its offline counterpart. Even conservative estimates see the industry as growing to more than 100 times its current size within a decade as well as overtaking offline gambling operations in its worldwide capitalization within the lifetime of the current generation.
With all of these sound prospects, the very same investors that spearheaded the UIGEA are now crawling to online gambling in the hopes that it will help save them from bankruptcy. Such irony does not come along that often in life.