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Strong Land and Online Casinos Industry in UK

The UK’S Minister of Culture and Sports, James Purnell, has announced that the planned land casinos will be licensed in the coming year. There was no specific mention about the previously planned supercasino, but most land and online casinos analysts agree that Purnell will soon announce that the supercasino is officially off the agenda for the UK gambling industry – it was one of the first things that he and the current Prime Minister stopped when taking office.

The supercasino was scheduled to be constructed in Manchester because of the boost to the city’s economy and tourism that would come with it. But as plans for the super casino are nixed, Manchester may have hopes of winning one of the eight large and eight small gambling licenses that will be awarded. Many in the land and online casinos industry are anticipating licensing in the coming months, and some have already announced that they are flat out not interested in competing for a land license in the UK.

A spokesperson for the prominent betting company, Ladbrokes, comments on the new prospective licenses, “We have conducted a review of our casino strategy and have decided to withdraw from the process due to the length of time it would take to generate sufficient return on the capital spend required.” With online casino gambling at an all time high and expected to grow exponentially for the next five years at least, it is probably a safe bet that Ladbrokes can stay afloat in the betting industry without venturing into land gambling.

The land gambling industry has been hit harder in the last year than the online casinos although both faced new and more stringent regulations and restrictions.