Surprising Move by Jackpot Capital
Published on: May 22, 2010
The online casino world is fairly slow right now with many countries waiting to see what legislation will pass. Many of the online casino software companies are not producing new games this month; instead they are gearing up for summer. The announcements of what games are to come are not being made. However, there is still something worthy of note out there in the online casino world. Jackpot Capital announced they will be involved in a new deal.
This new deal provides the online casino brand three new casinos. They will be taking over Lucky Club Casino, Lucky Club Slots and Grande Vegas. It is also possible they will have a hand in Rich Club Affiliates and Grande Vegas Affiliate programmes. Jackpot Capital uses Real Time Gaming for their software, which means these new casinos will definitely be Real Time Gaming.
Jackpot Capital Group has committed to keep any outstanding player balances and make sure they are up to date. In other words, if a player is currently owed money from a win Jackpot Capital will make sure they honour that amount. They will also pay any affiliate balances as well. These three casinos which are now going to be under Jackpot Capital will definitely benefit. In the last several months these casinos have struggled to deal with their debts. They are well known casinos, but they have suffered in the current economy.
Jackpot Capital is actually an American online casino. They are well known for their online games and allowing American players even though the United States is against online casinos. With Real Time Gaming, Jackpot Capital has ignored the 2005 ruling against online casinos. They have so far managed to get around the banking legislation.
The representative of Grand Vegas spoke out about the move made by Jackpot Capital. He stated it was not an easy decision to make the move to sell, especially to such a large group. However, the company is strong enough to survive the current market issues and that means the brands being bought will be able to survive. Jackpot Capital and their three new brands will be available for more than US players. They will continue to allow players from the UK and other countries. They want to benefit the online casino world by offering enough choices, but more stability for those who already belong to these casinos. One important thing that experts mentioned is that the online US market for gambling will have to merge to survive when the doors open to outside casinos.
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