CASINO
ATLANTIS PULLS PLUG
Kerzner
International Ltd, has announced that it is to pull the plug
on its online operations in the Isle of Man. One of the biggest
players in the I-gaming industry, Kerzner believes that there
simply isn’t enough profit to be made in online gambling.
Kerzner
was awarded a licence to operate Internet casinos back in
September 2001 and started operations in December that year.
Yet despite having the supposed advantage of a brand name
working for them Kerzner are less than satisfied with the
short term results reaped by the venture. Instead they plan
to focus on other options that guarantee bigger profit such
as their Ocean Club and the Atlantis luxury resorts in the
Bahamas.
The main difficulty for Kerzner has been operating a highly
regulated site in direct competition with numerous sites that
still go without tight regulation. This doesn’t bode
well for the other major operator in the Isle of Man, MGM
Mirage. However MGM remain resolute that their venture will
succeed in the long term.
Alan Feldman, MGM spokesman, emphasises MGM’s commitment:
'We've known this is a long-term play and an investment in
the future. We can show the technological model we're developed
is sound. If one is looking for short-term results, though,
you'd have to come to the conclusion (Kerzner) came to today.'
SOURCE.
Onlinecasinonews.com
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