GuruBlog

Monday, October 18, 2004

UK Gambling Expansion Going Ahead: Govt Introduces Bill

The UK Government led by Prime Minister Tony Blair is set to introduce legislation allowing for gambling expansion including Las Vegas-styled Mega Casinos. With US Casino giants Caesars and MGM Mirage waiting eagerly for a share of the pie, Britain's new Gaming Bill which is set for approval by the middle of next year, would open up a US$6 Billion market according to global investment bank Goldman Sachs.

UK gamblers already gamble an estimated US$65 billion each year (2001) and the US operators can't wait to open new venues which will be allowed a maximum of 1250 machines.

However the UK Department of Culture, Media and Sport which is reponsible for the legislation does believe that their regulations would prevent widespread problem gambling:

"Our concern is the protection of the public and introducing reform in a controlled way," said department spokesman Anthony Wright.

"We do not want gambling ventures seeing this just as an opportunity to make a quick buck. There will be a strong element of social responsibility and giving something back to the local area."

It is yet to be seen whether the bill will achieve what it sets out to do. However The London Times is asking for comment on whether gambling laws should be relaxed. Why not give your comment here.

The approach taken will definitely create more problem gamblers - that is inevitable, but is the bill a balanced approach or is any gambling expansion in the UK unneccessary and harmful to the community.

Tell me what you think?

GG.

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