The online gaming casino craze is moving into the United Kingdom, and hopefully bringing with it offshore companies and tax revenues. While Britain’s casinos are still far from the super casinos of Las Vegas, British citizens are going nuts for gambling. Some television stations are committed full time to poker and casino games, and this year the first every casino college opened in the country. With the UK gambling craze in full swing, the government now hopes to make Britain a capital of online gaming casinos as well.
Britain is already preparing for online gaming casinos and firms through which customers place electronic bets on virtually everything, from sports games to reality TV show winners. These betting firms are already legally operating in the country, and are run by the kings of the trade, bookies. The bookie’s electronic betting firms pay 15% of their gross profits in taxes, which translates into $2.5 billion for the Treasury since 2004.
Excited by the electronic firms success, parliament is enacting new legislation that opens up England to the online gaming casino market starting next year. Like American’s, who make up 70% of the online casino customer base, Britons are flocking to oversees online casinos by the millions. Since the companies are based oversees, millions, even billions, is going to countries with beneficial tax laws like Costa Rica, Gibraltar and the Channel Islands. England will soon be the first country in the developed world to legalize online gaming casinos.
Being the first on the bandwagon has many benefits, and since bookmaking was legalized in Britain almost 50 years ago the government is well aware of the British love of betting. The most appealing part of legalized online gaming casinos, is that some Brits who would never head into a British betting shop find a betting haven on their own computers. According to Christiansen Capital Advisors, just last year Britons bet $40 billion at online gaming casinos.
It’s not just citizens interested in the new online gaming casino industry, but British investors are paying attention to the favorable regulatory environment.
“Britain is already the global leader in betting and now it looks likely to become the world capital of Internet gambling as well,” said the director of the betting research unit at Nottingham Trent University, Professor Leighton Vaughan Williams.
The global online gaming casino industry is currently valued at $12 billion, and according to Christiansen Capital Advisors, this number will double in the next five years.
How is Let It Ride played? Each player puts up three bets of identical...All the Best poker games Great games
Try Multiplayer Bingo Games Online Join & win here
Multipleplayer Blackjack Games Info about blackjack
BlackJack Betting Rules Master the Black Jack Game like a pro.
Best Online Casinos Gambling Advertising Despite the fact that there are well over...
Sports Betting Heavyweights In The Dock High court trial investigates Turf TV dispute...
Online Blackjack Tips Blackjack is a game that requires skill and...
Las Vegas to Host NBA All- Star Game in 2007 Las Vegas, the city with the best casinos...
Big Online Bingo Payouts There's something big happening in cyberspace...
Popular Poker Site Counts Over 5 Million Players Recently one of the online casino industries...
ClickandBuy Deposit Guide ClickandBuy is a practical e-wallet solution...
Casino Financier Sent To Prison Trying to rip off an Indian casino of the...
Play Poker Free Recently poker has been getting big coverage...
Tags: gaming casino, gaming casinos, online casinos, uk gambling
