| | |  | Last Updated: Tuesday, June 19, 2007 |  | | | New Player in the Online Gambling Sports Betting Cloudy Skies
- Wednesday, 16 Aug 2006
The online gambling group CYOP, through its subsidiary RedFelt Software, have launched their first sports book and entered the world of online casinos sports betting. The Red Felt Casino was launched last month, and the online gambling group stated that it will enter the online gambling sports book section to complement the move. Probably due to the ongoing legal debate regarding the online gambling industry in the United States, the new site will only focus on the Asian and European markets.
Business-wise it is smarter for online gambling sites to focus on other markets rather than base their financial existence on the American market. It's a positive thing for a new site to start from scratch and to focus on the Asia and European online casinos markets form the get go. A few online gambling operators have decided to stop catering to the American public as a result of recent legal conundrum in the US. Online gambling groups are trying to protect their interests and their financial resources. Red Felt is entering a very profitable market, as they must know. The online casinos sports book industry is valued at $8 billion and still growing at an unprecedented rate.
There are many new sites on the way as the online gambling industry expands. With the internet reaching emerging markets, new audiences become available and online gambling becomes bigger. Fans of online gambling can rest assured that their fun making online activity is far from over, and things are only getting better as we speak. Head to the online casinos today and embrace yourself in the richness and diversity of the online gambling world. | |
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