H
Hannman
Guest
The UK is the leading country worldwide when it comes to gambling regulation. The industry is a thriving source of both entertainment and taxation for the country at large. This atmosphere of regulation is due to a long history of legalized gambling in the UK. Other countries are fairly strict with gambling or flat out ban most types of gambling, although this has been changing over the past decade or so.
Because of the UK’s affinity for gambling and healthy regulation of the industry, it has allowed many gambling providers to flourish, such as Bet365, Paddy Power, and Ladbrokes, who are now pervasive household names.
However, as the industry is so mature, so are its regulations, which seem to be rolled out as fast as betting houses try to innovate. On the one hand, the government has the mandate to help ensure the public isn’t hurt by problem gambling and have the businesses fairly taxed, and on the other hand, the gaming houses are there to generate income for shareholders and entertain the public.
With each new gambling minister comes the possibility of new legislation and moves on the table. Will they continue in the same direction as their predecessor or take a new one? Will they remove proposals or speed up others? Are they more or less willing to work alongside the gambling houses as equals or as opposition? It’s enough to make the head spin.
Because of the UK’s affinity for gambling and healthy regulation of the industry, it has allowed many gambling providers to flourish, such as Bet365, Paddy Power, and Ladbrokes, who are now pervasive household names.
However, as the industry is so mature, so are its regulations, which seem to be rolled out as fast as betting houses try to innovate. On the one hand, the government has the mandate to help ensure the public isn’t hurt by problem gambling and have the businesses fairly taxed, and on the other hand, the gaming houses are there to generate income for shareholders and entertain the public.
With each new gambling minister comes the possibility of new legislation and moves on the table. Will they continue in the same direction as their predecessor or take a new one? Will they remove proposals or speed up others? Are they more or less willing to work alongside the gambling houses as equals or as opposition? It’s enough to make the head spin.
