Archive for the ‘Gambling News’ Category
UK Online Casino Revenue Expected to Payoff Well
Posted on December 21, 2007
With the new virtual online casino gambling prospect open to UK citizens, many are finding a little more time to spend on their favorite hobby. Jim Briden, a UK citizen, often spends his lunch hours betting. Sometimes on horse races, and other times on virtual online casino dog races.
“Over a period of time, I lose,” admitted 41 year old Briden. “But when you do have a win – what a feeling!”
Briden finds himself in the company of many sport loving Brits, who can’t resist the urge to splurge on his favorite pastimes. And the already interested public is expected to burst onto the gambling scene as new laws take effect.
Now that internet gambling has been formally legalized, and the government is licensing more casinos, revenue from the industry is expected to greatly increase. As always, critics of the new laws are predicting a new wave of problem gamblers and social problems. Despite all the criticism, towns all across the UK are competing for the rights to build a Las Vegas style “super casino.”
“Over the next few years, Britain will become the Internet gaming capital of the world as well as the betting capital of the world,” said the head of the betting research unit at Nottingham Trent University, Leighton Vaughan Williams.
Gambling shops and cafes are also popping up around the country. The cafe that Briden frequents has a front room with newspaper readers and coffee drinkers side by side with televised sporting events, roulette and poker machines. This is quite a nice change from the old days of darkened, smoky, back room gambling.
Once betting in Britain became tax free five years ago, the gambling industry has undergone a huge surge in popularity. According to Vaughan Williams, gambling in the UK has increased sevenfold, and UK citizens spent $90 billion on gambling last year.
In a country with so much emphasis place on sports, sports betting has always been a popular pastime. Now a days it’s possible to walk up to a bookie and wager on just about any event taking place across the globe. Accompanying the rise in gambling popularity, gambling is also gaining social acceptance. Part of this is due to the rise in virtual online casino gambling, and also to the growing coverage of world wide sports on television.
“It’s become more of a leisure experience,” said Vaughan Williams before adding that as the popularity of gambling grows so does its benefit to the British economy.
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Sports Betting to Best Gambling Sites in AC
Posted on December 6, 2007
The best gambling sites in Atlantic City offer customers the chance to play a huge variety of casino games, from roulette to poker to pai gow. However, something that even the best gambling sites cannot offer, as much as they would love to, is sports betting.
Now, local lawmaker Assemblyman Jeff Van Drew has decided to introduce a bill to allow the best gambling sites to offer betting on college and professional sports. Van Drew argued that, since sports betting will always exist, it will be better to the state to bring it under the rubric of the state’s best gambling sites in order to regulate and tax it. He said that the recent NHL gambling scandal reinforces his point.
“It is a living, breathing example of why we should legalize this activity,” he said. “Let’s keep it open, honest, clean, fair and ensure that if this activity is going to exist and it does and it always will, that some of the revenue goes to medical care, prescription drugs and tax relief.”
However, a potential obstacle is the federal Professional and Amateur Sports Protection Act, which bans sports betting in all states except Nevada, Delaware, Montana, and Oregon.
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