A Promising New YearPublished December 5, 2006 by OCR Editor
The next stage in the development and growth of the industry is around the corner. The Las Vegas Sands, which owns The Venetian, Sands, Palazzo and Paiza and is the world No. 1 casino company in market value, announced it is about to launch a website that
The decision to go online and overseas should be viewed as a confidence vote in the future of the Internet industry and a distancing from the legally restricted American industry. The new product will serve international gamblers from across the world, while complying with British laws. It will not, however, accept American gamblers, as the UIGEA legislation prohibits banks from handling betting transactions made by American residents.
What will US gamblers miss out on? Only one of the greatest and most anticipated sites to hit the market in 2007. The company will feature its brands at the site and offer all the most popular games, from blackjack to roulette, baccarat to online poker and more.
It remains to be seen whether the timing of the launching of the new site is right and whether it will prove successful and profitable in the new age upon us. An earlier attempt by rival MGM Mirage had its Internet product shut down after only two years of operating. Has the Las Vegas Sands learned the lessons of that failed venture? Is today's world more accommodating than it was four and five years ago?
The Chief Operating Officer of Las Vegas Sands expressed the company's confidence in the Internet-based market, saying "As the Internet gaming landscape continues to evolve, this effort will put us in a strong position to evaluate and react to other potential opportunities." It seems like 2007 will have sites moving on and up, despite the setbacks it experienced in the fall.