Online Casinos: Today’s Model Business Models

Anyone thinking the online gambling industry is unfair or unethical need only check out today’s sad but true news.

I’m talking about the announcement by Universal Gaming Concepts Inc. informing everyone that they are closing their online casino gambling website after operating for 8 years.

Given all the criticism directed at the gambling world in general and the online gambling world in particular, it’s nice to know there are companies out there not afraid to come clean and do the right thing(s).

Why they are closing this particular site is still a mystery, but the important thing is that those players with funds still sitting with the site have until December 30, 2007 to withdrawal all their cash.

A massive thank you should go out to the folks at Universal Gaming Concepts for being so straight with players, and more importantly, for demonstrating to the world that the online gambling biz is not one that should be condemned, but rather imitated.


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