Online Casino Gambling: A Global Phenomenon
Posted by Nick Niesen on October 26th, 2010
If you check to see where the headquarters of the online casino gambling establishments that you like to visit are located, you?ll discover that a great percentage of them are based in the Caribbean (there and Gibraltar) -- on the islands of Antigua and Barbuda, specifically. But as of late, a global pool of lawmakers and online casino gambling detractors, including the WTO (World Trade Organization) itself are trying to get these establishments shut down.
Fortunately for us players, the boom in online casino gambling has a life of its own -- one that will not so easy be quashed. In fact, a panel investigating the dispute ruled that the U.S. was in violation of its own financial regulations when it gets in the way of American financial institutions engaging in transactions with Antigua-Barbuda online casinos. Score one for online casino gambling.
Actually, score more than that. Numerous countries are starting to face facts about the lucrative business of online casino gambling and finding ways for their local economies to capitalize on the craze. Not only does online casino gambling provide to the local communities that license and regulate them enormous sums of money in the form of tax revenues, but the online casino gambling industry also fosters huge job growth in whatever geographical areas it touches. Consider Antigua-Barbuda, where 30% of the residents are employed by online casino gambling establishments.
It is surely with incentives like those in mind that Prime Minister Tony Blair is trying to enact new legislation in the U.K. that will likely encourage more casinos to be built and a rise in casino gambling throughout the country. Supported by 53% of British voters polled, the new Bill if enacted will, among other things, remove all slot machines from around 6,000 different places and allow them to be placed together in new casinos with extended hours of operation. This legislation may even coax existing online casinos to move their bases of operations to Britain. Many observers and analysts believe this will inevitably lead to other similarly supportive measures aimed at online casino gambling as well.
Meanwhile, the French reportedly gamble 2 times more and for 3 times longer than their British counterparts. France?s citizens have been enjoying online casino gambling for years, especially since a loophole in European Union policy that heavily restricts land-based casino gambling (essentially requiring any French citizen who wishes to gamble to do so exclusively in state-run operations) has no bearing on online casino gambling, practically ensuring the industry a steady stream of eager participants. In fact, many believe that the popularity of online casino gambling is responsible for the skyrocketing demand for high-speed, broadband internet service.
The Australian government is getting into the action as well, granting an online casino gambling site a license to open a customer service center in the state of Tasmania. Recruiting has already begun, and an estimated 300 jobs will be created in the high-unemployment area.
A growing interest in online casino gambling in Asia has led to one of China?s most popular pastimes - the 4,000-year-old card game Mahjong - being offered as a multiplayer online casino game. Approximately 45% of Chinese people polled report that they play Mahjong regularly for money and whether China permits online casino gambling or not, there will be no shortage of players worldwide flocking to any site that offers the game.
Recently a campaign has been put into motion to legalize online casino gambling in Japan as well, supported by the country?s Liberal Democratic Party, currently in power. Several departments in the government have been brought in to figure out how to make this work for Japan?s economy, and it is expected that online casino gambling operators may be invited to contribute to the talks in due time.
And online casino gambling may be right around the corner for Israel, the country?s social and economic cabinet having just given permission for two horseracing tracks to be built, equipped of course with full-fledged betting. In order to make this work, the Israeli government will be obliged to lift its long-standing ban on sports gambling.
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About the AuthorNick Niesen
Joined: April 29th, 2015
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