Harrah's, an industry leader in the land-based casino business, has announced the closing of their UK-based LuckyMe.com online casino.
If I had to bet on which company could be successful with an online casino, I would've said Harrah's. They're leaders in most of their other gaming ventures and have some of the best executive staff in any industry. But the site, which has been open since November '03, closed after losing $9.4M in 2004.
The site was unique in several ways including that they charged a membership fee to the players and they used technology to block US based players from logging on.
While it is a shame to see Harrah's fail at this attempt, I still believe the online casino industry has a lot of growth ahead of it!
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