SEARCH NEWS:

 

Gambling Bill May Lead to Job Loss

UNITED KINGDOM – As reported by the BBC: "New gambling regulations could force interactive and online operators to move off-shore, MPs have been warned.

"One industry leader told them that the draft Gambling Bill introduced 'costly and onerous' regulation that would harm the industry and cost jobs.

"A more positive approach might attract companies now based off-shore bringing up to 3,000 new jobs, he said.

"The new bill will create a single regulator, the Gambling Commission, to cover all aspects of the industry.

"But interactive operators fear rules that work for brick-and-mortar casinos may harm online, mobile and interactive-TV gambling.

"…[Bill Haygarth, of the Association of British Bookmakers, says,] 'That could lead to betting companies moving off-shore ... but if the government gets it right it could mean 3,000-plus jobs.'…"

< Gaming News