Recent Online Gambling Ban Passed by the Congress moves the Industry to new markets

The present state of confusion which brings to a sudden but not complete halt the biggest online gambling market of the world may just be the impetus that will determine industry investors to take an even more attentive look at the emerging online gambling markets. "We are happy to finally see some progress being made to build a decent legal framework for online gambling sites. Soon we will all have an answer. Profits will not drop even if, eventually, gambling sites operators will have to pay taxes to the Government "says Mr. Alon Peled, CEO of Mentor Gaming, an international provider of online gambling software.

"For 3 years now it has been our vision to encourage our site operators to focus mainly on the European market and to expand their players database outside the classic US market. Mentor Gaming is currently introducing its business concept and presents its vision to the Eastern European market. More than that, in the next two years, the company intends to put approximately 14 million Euro into the development of this region's online gambling market." continues Peled.

There are countries that to date have not been exposed to online gambling at all and many people are still waiting to have the opportunity to bet and win in their own language. More than 38 million Internet users live in Eastern Europe. In the following years, between 10% and 20% (approximately 5 million potential players) will visit online casinos and bet on betting sites. Together with local investors, market analysts from Mentor Gaming find that it is very likely that a player from Eastern Europe will gamble on the Internet an amount of approximately 70 Euro per month, which still allows for a fast ROI of the startup costs.