Online Gambling Insider is well known throughout the industry for having the best possible reviews out there. They review each of their online gambling sites as if they were a player themselves. They go through the process of depositing money and playing, just as you would if you were going to.
The online gambling portal is independent of any of the sites, so they can really give you an honest review of the sites that you might be looking to play on. They have been around for more than six years now, and in that time they have reviewed a lot of casinos.
This month, and every month, they have added more reviews to their site, so that players can read them and decide for themselves. They say that things were a little quieter this year than normal, so they weren’t actually posting as much, but things seem to be picking back up again.
They know that the UIGEA has had a lot to do with the slowdown in sites, as people are afraid to get into a business that they might get pursued by the government in. They also know that less people are getting in now as there were so many that initially did. There are also some leaving the online gambling industry either unable to make it or unwilling to do so.
Another mitigating factor is the online gambling software providers. Whereas they may have been willing to license it to pretty much anyone in the beginning, the industry thinks they have become much more discerning as to who they let in now and who they won’t allow to use their games.
With the passage of the Unlawful Internet Gambling Enforcement Act, or UIGEA, many online gambling firms have been forced to either shut their doors completely or cut back drastically in staffing and expenses. As the months have gone on, the UIGEA, in addition to an ever increasingly worse economy have forced many stronger companies to look for ways of not closing down, but restructuring instead.
PartyGaming is simply the latest company to feel these cutbacks. They are looking to start making some changes in their staff, and many are wondering who will be let go and who will stay. They have 320 stafffers based out of their Gibraltar office and some are going to have to go.
There are preliminary reports that say that as many as a third of their employees are going to be let go from the online gambling group. With the added pressure of more online casinos fighting for fewer customers, they simply cannot afford to keep as many people on staff as they have in the past.
Once the UIGEA was passed, PartyGaming pulled out of the US market, and set their sites on other companies to try and make up for the difference in income. However, the problem was that everyone else is seeking the same areas of business. Losing the US was a major loss for the online gambling industry and with less business out there because of it, more companies are competing for what little is left.
This means that many of them like Party Gaming, have to now re-evaluate how they are running their business and how they might be able to cut back on expenses. Unfortunately, cutting employees is one way of doing that.