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U.K. 2007 |
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Most online casinos are owned by off-shore entities in places like the Channel Islands, Vanatu, Antigua, the Isle of Man, Gibraltar and Costa Rica. They are legal in the jurisdictions where they are located, even though that isn’t where their online market is. Their market is located in different jurisdictions where online gambling may or may not be legal. In legalizing the operations of online slot game, the British open the market to British firms to enter the lucrative online casino market. Firms who prove they have fair operations and mechanisms in place to protect the consumer and children will be able to obtain licenses to operate online casinos. British gaming companies will be able to enter the market on their own home grounds, the public will be more protected due to regulation and the British tax coffers will increase.
The year 2007 will mark the beginning of a new chapter in the world of gambling. The United Kingdom becomes the first major country to legalize online casino operations. They will play an even larger role in one of the world’s biggest growth industries. People will be able to own and operate online casinos from Britain, which they aren’t allowed to do now. In addition, gambling, which is now confined to private clubs, will be open to the public. People will be able to walk in off the street and gamble at casinos or play online bingo UK without having to belong to a club. Online gamblers will be able to play blackjack players and poker. There are also plans underway to build Las Vegas style resort casinos in the United Kingdom. |
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