We hope that you had a great weekend and that everybody in America had a great 4th of July!
As previously mentioned, one of the first questions we get either from potential investors or from potential developers/team members is where the online gaming regulation process is. Some "experts" say that we are in the midst of the evolution while others claim that we are years away from anything happening. Here at Wager Wars we believe that we are experiencing the calm before the storm. Regulation of the online gambling space is going to bring tidal waves of business world wide, and we believe the U.S. will experience the biggest ones of all. There are a lot of moving parts going on in the background in terms of setting regulation parameters, but we are beginning to see this progress in the forefront. We are starting to see a few ripples in the water and a little pickup in wind.
Last week in New Jersey 12 casinos out of Atlantic City, the "Gambling Capitol of the East Coast", notified officials that they will have their online gaming operations up and running (fully licensed, regulated, and legal!) by November of this year! So what does that mean? The process has started, and we believe that it is merely a game of dominoes and the first two have fallen. We are simply waiting for the chain reaction. Nevada has already issued online gaming licenses and New Jersey is right behind them. Several states are already in the process of doing the same not too far from now, including Delaware and a few others. Don't believe us? Check out the NJ article here.
A storm is a-brewin' in the online gaming world.
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