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March 31, 2009 - Although it's like comparing apples and oranges in terms of business amount, perhaps land-based casino operators in the U.S. have a thing or two to learn from operators in the Czech Republic. If you didn't hear already, well then, listen up - I'm going to tell you something. Wait for it...Wait for it....Wait for it...It's going to be anti-climactic no matter what.

Anyhow, the Finance Ministry of the Czech Republic has decided it wants to regulate online gambling. Don't ask me how or why - all I know is that online gambling will officially be "legal" in the Czech Republic when all is said and done. Now, here is where things get most interesting. Just like in the U.S., where citizens continue to gamble strong at offshore online casinos, it isn't news that Czech citizens also like to get in their fair share of wager on the Web.

Wager on the Web...Ohhh, give me a spanking...I like the sound of it...WagerontheWeb.com (I should check to see if it's taken).....As sure as lightning it's taken! But ahaaaa! WagersontheWeb.com is not taken (that's the plural version for all you smarty pants out there). But you know what? I don't want it. Take it if you still can! WagersontheWeb.com - It's ready to make a million bucks!

Anyways, before I continue losing my mind....wait a second...stop right there. I am using this moment to officially declare that I am not losing my mind and that I'm going to stop putting myself down. Who cares if I actually am losing my mind. I'm a good person, I'm beautiful and somebody loves me damnit! (I just don't know who that is yet).

That said, back to legalized gambling in the Czech Republic (and yet I still wonder why I failed Creative Writing class). So yes, the land-based casino chains in the U.S. need to take a lesson from what's going down in the Czech Republic. Apparently, the Czech's leading betting shop operator, TipSport, is embracing online gambling regulation despite a loss in business from its land-based operations.

The difference between TipSport and say, Harrah's, is that TipSport sees great potential in online gambling, not to mention the fruitless battles of trying to keep it down. As TipSport spokesperson, Lubomir Jezek, said, although business at land-based branches may be down, online gambling does not appear to be letting up anytime soon. In other words, TipSport is going to use their resources to gain the business they lost to other online gambling operators in the first place.

Originally published: March, 2009 | Categories: Gambling