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New Gambling bill threatens on prosperity of British Casino industry
Britain is quite occupied these days looking attentively into the gambling bill legislation. British Casino Association is under a lot of pressure fearing that the imminent relaxation of gambling laws enforced by U.K Prime Minister, Tony Blair would cost them jobs and investment. The U.K gambling minister, Lord Andrew Mclntosh, as reported by the Department of Culture, Media & Sport is set to negotiate the matter in the upper chamber of parliament in the upcoming days. The Department, however, aspires to usher in the gambling bill so that it'll become a law in the nearest future.

Opponents to the bill headed by the British Casino Association voiced their indignation by publicizing counter bill reviews in Sunday Times and other newspapers. The gambling industry is concerned that the new legislation by restricting the deployment of smaller sized casino parlors, will pave the way for new Las-Vegas –style casinos featuring slots with unlimited jackpots. This can have detrimental consequences on the gauge of U.K industry which currently yields $11.5 billion in revenue with 100,000 employees.

The bill would assume additional 24 casinos to the 134 already existing ones. Eight "super-casinos", reminiscent to those operated by U.S companies would be allowed. The number of small and medium gambling facilities, operated by companies Rank and Gala would be restricted. The bill is currently passing through several stages in Parliament.




Source: gamblingsmart news writer

Monday, 21 February 2005

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