The ever changing world stage, complete with its drama, triumphs, disasters, and unpredictability continues to fuel a global economy that is increasingly starting to operate at light speed. Citizens of war torn countries, for example the former Yugoslavia and Russian republics of Estonia and Lithuania, now turn to the personal computer and the global internet powered economy as a way to make ends meet. Some of the world's best programmers, website designers, and internet gurus can be found in these nations - opening doors to opportunities they never would have had if not for the mega online economy.
What does this mean? Quite simply, more than diplomacy, more than mighty armies, more than nature itself, business acts as the ultimate means of peace-keeping and inter-cultural trade, a trend which increasingly benefits nations large and small, no matter what the state of their political or governmental policies may be. For example, although China is known for its internet censorship, this does not stop technological firms from pursuing trade deals within this new industrial powerhouse. Likewise, those with computer access in India, Bangledesh, and Thailand who have learned programming and web site coding offer their services up for bid on many popular internet job sites, which now serve as the chief competitor to offline advertising and marketing firms, slow to catch up to the much more affordable and tech savvy internet economy. As a result, the economic needs of nations come together, exchange ideas, and complete monetary transactions which effectively bring new wealth to places. This trend is very apparent where traditional economic activities, like agriculture or factory work, are heavily regulated by the government or simply out of reach to regular citizens due to the property ownership rights of the aristocracy and upper-class.
Accordingly, the internet has become the chief tool of wealth disbursement and redistribution around the world. Citizens and businesses of first world nations have economic demand for internet trade and services, and smaller, poorer nations with skilled workers meet this need. Isolated island nations, populations, and other economically disenfranchised people, through proggressive approval of the new markets created by the internet economy find new wealth coming to their cities and governments. One of the more lucrative, and most successful tools of wealth redistribution over the internet has been online gaming.
Though the USA currently has a murky prohibition of online gaming, many nations, particularly Islands with little or no actual industry, have approved gaming licenses for many online casino and sports betting companies. The result: a dramatic increase in tax revenues, jobs, and internet or the tourism industry. Despite the US government's stance on online casinos and off shore sports betting operations, many American citizens flock to these new economy gaming websites to satiate their demand for action. This demand is particularly apparent in the fall months, where NFL betting and basketball betting drive millions of dollars to gaming friendly nations such as Malta, Antiga, Costa Rica, and Ireland. This has resulted in a dramatic economic and life style change for residents of such countries, and many world economic monitor groups, including the WTO (World Trade Organization) have sanctioned online gaming as a legal and practical business. This has also opened up many countries to American sports, in part because the demand for NFL Betting and winter basketball betting permeates into local culture and sports interest.
The new online gaming economy has also sparked a number of sports and casino sub-markets, mostly meant to compliment the already formidable gaming sector. For example, the sports handicapping industry, previously confined to the USA and Las Vegas in particular, has now reached out to gaming operations around the world to offer sports content, analysis, and free sports picks to sportsbook customers. In turn, these gaming friendly jurisdictions have taken a deeper interest in major sporting events, including Kentucky Derby betting and Super Bowl Betting, events unknown to much of the world outside of the USA.
Still, the prime money maker for most countries are online casinos. These operations, much like their brick and mortar counterparts, offer traditional games like online blackjack, online roulette, virtual slot machines and more. unlike the physical gaming world, where size matters, the cyber gaming world is limitless and not bound by the physics of traditional casino gambling establishments. Instead, most online casinos offer hundreds of different table games, including dozens of slot machine varieties, opposed to land based casinos where only so much can fit under one roof. And, in many cases, virtual sports betting and casino operations are operated the same company, which essentially consolidates two related industries into one. This more efficient online economy has driven millions of dollars to countries which, prior to the advent of the internet, had little or no technology.
Eventually, when the USA does come around and legalize online gaming, new trade agreements, taxation, and regulation will enter the industry. Moreover, some large land based operations might get in on the action, bringing corporate feel to the current mostly entrepreneurial environment. For now, however, as long as sports betting and off shore casinos are open, foreign nations will continue to benefit from a new form of wealth redistribution, previously thought impossible if the internet did not exist.