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.