 |  | Wednesday, 27 February 2008 |
Additional Online Casino Developer Withdraws from US Market
23 Nov 2006
Another online casino software provider leaves the United States market. Tribeca Tables, an established provider of online casino poker software, decided to withdraw its business of the U.S. market in light of recent legislation. The company has switched hands, and the new leadership decided to cease all online casino actions in the U.S., Israel, and Hong Kong markets due to legal issues. The company will try and help its U.S. clients to coop with the transition in the best way.
Tribeca Tribes is not the first online casino software provider to leave the American online casino market, and with other industry leader withdrawing from the United States, gambling operators are left without real options. Another big change over at Tribeca Tribes is a new agreement with rival firm Playtech. Tribeca Tribes sold part of their company to Playtech for $75 million. The deal benefits both companies, as Tribeca Tribes needs the cash flow, and Playtech needs to add more solutions to offer for online casino operators looking to invest in foreign markets.
Tribeca Tribes cater for some of the most poplar online casino sites in the United States, and analysis in the online casino community believe that those sites will continue to cater for citizens of the United States under new agreements and a different license. Either way, the options for American players are running out, and an alternative must be found if the online casino gambling market in the United States wants to remain alive. Most operators are keeping their eyes on Europe and the Far East, the future is unclear for American online gambling fans. |
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