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In the aftermath of the House Finance Committee's approval of new legislation that would regulate Internet gambling in the US, many industry insiders are questioning how the new law would affect their business. One of those industry's is online video gaming.
PlayStation and Xbox have cornered the market for online gaming. Players all across the US can currently log into their network, and play other games in popular games such as Madden, World of Warcraft, FIFA soccer, and other games developed for the PlayStation and Xbox consoles.
Players are competing for bragging rights, but that may soon change. If online gambling becomes regulated in the US, there is a strong chance that some of the biggest video game company's would start offering cash tournaments and matches.
"The video game industry is one of the few in the US that can stand up to online gambling," said Gaming Analyst Steve Schwartz. "If players had the opportunity to gamble on their skills at a particular game, they may take that option over playing online casino games of chance."
Read entire article here.
PlayStation and Xbox have cornered the market for online gaming. Players all across the US can currently log into their network, and play other games in popular games such as Madden, World of Warcraft, FIFA soccer, and other games developed for the PlayStation and Xbox consoles.
Players are competing for bragging rights, but that may soon change. If online gambling becomes regulated in the US, there is a strong chance that some of the biggest video game company's would start offering cash tournaments and matches.
"The video game industry is one of the few in the US that can stand up to online gambling," said Gaming Analyst Steve Schwartz. "If players had the opportunity to gamble on their skills at a particular game, they may take that option over playing online casino games of chance."
Read entire article here.