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Another Country Brings in Online Casino Gambling

No doubt about it, the land-based and online casino gambling industries are lucrative—in fact they bring in billions revenue in countries all over the world. So there is little question as to why Papua New Guinea is the latest to pass legislation that will bring online casinos (and land-based ones too) to the country.

Many countries with lagging economies legalize online casinos as a way to fund other programs and industries. For Papua New Guinea, the online casinos will give them access to a global economy, and thus much more revenue than the government is currently bringing in. Also, by legalizing the land-based casinos in addition to the online casino companies, they are encouraging tourism and development.

The term for the land-based casino licenses was decided at 10 years per license, and each of the 20 provinces in Papua New Guinea will have access to one casino license. The online casinos are a different beast altogether. The parliamentarians all voted in favor of the new gambling legislation, and that includes allowing foreign-owned online casino companies into Papua New Guinea.

According to the Prime Minister, Sir Micael Somare, online casino companies could be a real key to the new gambling legislation. He says, “Existing technology can bar people from within the country participating in the type of gambling that allow only foreigners based in other countries to participate.”