Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

Papua New Guinea, a Global Country

Heralded in the news recently, Papua New Guinea has joined other globally-minded nations as a part of the land-based and online casino industry. In addition to online casinos, PNG plans to make a full-fledged entry into the industry with online poker gambling and the lottery as well. The driving reason for the Gaming Control Bill 2007 is to bring in money to the failing economy.

Prime Minister Sir Michael Somare believes that by tapping into the exponentially increasing online casino gambling profits, the revenue can help decrease crime and poverty in PNG. And apparently, save the handful of MP’s who left before the vote, parliament believes online casino and land-based casino gambling will greatly benefit the country. The Bill passed with a 61-0 majority in definite favor of the Gaming Control Act.

Currently the standard of livening in PNG is low, citizens primarily live in jungle highlands and deal with the daily threat of tribal warfare, sorcery, crime, hunger and poverty. Now though, it looks as though the country has found a way to greatly alleviate those struggles through online casino gambling.

Copper is the country’s current primary source of income because it is an abundant natural resource. But the prospect of 20 percent of all gambling revenue generated by online casinos has an even greater appeal than merely copper.

In addition to brining in online casino revenue for the government, the new hotels and land-based casinos will up tourism in the country, thus bringing in more money for local businesses, and providing much needed employment.

Somare had the following to say about the Bill. “Casinos will contribute substantially to the national economy in terms of new employment, investment, taxes and foreign currency. Gaming activities anywhere if not controlled and managed properly can create serious social ills. It is essential that we keep instead with global development in industry so that the appropriate regulatory measures are in place and that the industry in Papua New Guinea is competitive with other countries.”