Lasseters Online Casino Shuts Down
Lasseters Online was one of the very first online casinos to operate
successfully. Sadly, the corporation announced recently that it has to shut down
its website. People in the online casino say that the closing of this website
has been a long time coming, however it is still a shame to see such a famous
online casino close its doors.
One of the biggest thorns in the side of Lasseters Online was the Unlawful
Online Gambling Enforcement Act passing. This online casino received a majority
of its business from the United States players. Which begs the suggestion hat
maybe the company could not handle the transition from having such a large
portion of their revenue coming in from the United States to only having income
from international sources.
Lasseters insiders blame the management of the online casino and the general
vision for the casino itself. The companies who did not take as hard of a hit by
losing the United State's players business are thriving in the European markets.
Last year, the online casino took a $15.5 million hit in revenue losses and was
not willing to take the bailout from Lasseters International. The decision was
made to turn down the bail out because the future of the company looked grim.
Online casinos that face financial woes such as Lasseters Online Casino often
cannot remain in the game for long. There are other sectors in the Lasseters
that are doing quite well. Their sports betting site is doing great, probalby
because there are less restrictions on sports betting than in regular online
casinos. Who knows, if the United States ever changes its laws, the beloved
Lasseters Online Casino may make its big come back. But until then, we say
goodbye.