Kirk Sanford, CEO of Global Cash Access of Sunnyvale, California has refrained from getting involved in the internet gambling industry. Although his company, GCA, services the vast majority of casinos in the United States, Canada and the Caribbean with point-of-sale terminals for easy and fast cash access for customers, Sanford believes gambling on the internet is another kettle of fish altogether.
“Internet gambling is a gray area we would rather not get into at this point. There is probably a lot of money that can be made, but for us it just doesn’t weigh against the risks associated with it.”
In the year 1998 the on-line version of gambling did $651 million worth of business, and was projected to earn at least $811 million in 1999. The prediction for the year 2001 was estimated to be about $2.3 billion.