Online Gambling’s Gray Monday May Have More Bite Than Black Friday

More domain names and gambling operations were seized on Monday May 24th 2011, which we aptly call Gray Monday. This time the industry leaders were not the only sites seized but smaller sites also. Even more important is several different sectors in the industry were seized. There were domains seized in online poker, casinos, sports books and even bingo. This may send more of a message through the industry than Black Friday.

Taxation of Gambling Income - The CPA Journal

The online poker industry was hit hard and drastically when the three biggest players in the industry had their domain names seized. This sent a shockwave through the industry and millions of poker players were left wondering what happens next. What did happen next was that the three biggest agen sbobet poker rooms soon left the US market and their players were left in limbo. They now had to find a new place to play and their funds were in jeopardy. Although the three poker sites worked out a deal with the Department of Justice to return the players money, no one we have talked to has received any money from them at the time this article was written.

There are many online gambling sites that offer perks to their members. But the best way to get these perks is by joining a site that allows the opportunity to become a VIP member. By becoming a VIP member at these sites you will be given top notch benefits that are not offered to regular members.

At most online sites, in order to become a VIP member you will need to reach a few specific criteria. These gambling sites do not let just anybody become a VIP member. It is only for people who devote a certain amount of time and money to the site.

In addition to the amount of time and money that is spent, in order to become a VIP member many sites also look at your overall time spent on wagering. They only want people in the VIP club that are going to be completely devoted to the site.

There are also many other benefits that go along with becoming a VIP member. Many sites offer free bonuses in the form of cash are prize giveaways. These giveaways include everything from free sports and concerts tickets to trips to Las Vegas. Mailers are also sent to VIP members in order to keep them up to date as to what the site is doing.

After Black Friday, eventually things started to settle down and players found a new poker home and continued to play online. Many thought the Department of Justice had made their point and were going to let things get back to normal as much as could be. But with the action on Gray Monday the hammer came down on the industry as a whole. The shock this time is in the form of all sectors of the online gambling industry. Homeland Security made the seizures this time and the industry is in disarray. No one seems to be safe whether large or small players in the industry. It is just a matter of time to see the reactions to these seizures. Unfortunately, now we may see online gambling sites is all sectors start leaving the US market. We have seen some online sites change their domain names to an international extension as a result of these seizures. They seem to be positioning themselves to be immune from the US government actions by having these domains outside the US.

The feeling out there is that no one knows what will happen next and once again the online players may be sent scrambling again. It a watch and see attitude nowadays, but the impact could be far more reaching than Black Friday. Now it does not matter how big or small you are or what sector of online gambling you’re in, everyone can be touched by the government it seems.

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