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The Online Casino Study

The UK Gambling act of 2005 was one of the most progressive and liberal pieces of gambling legislation in the world. The Gambling Act outlined very liberal land and online casino gambling laws for the United Kingdom that have created a gambling market that allows gambling companies unprecedented freedom and access to the market. The legislation not only open wide the doors with a welcome to the online casinos, but the Gambling Act outlined very specific regulations and a framework for controlling the emerging and expanding internet gambling industry. Now that the Gambling Act has been in place for several years though the UK’s Department of Culture, Media and Sport is conducting a study to review the effectiveness of the UK Gambling Act.

The study is expected to take place through the end of the year and will thoroughly look into every aspect of the Act – from regulation of the online casinos to claims that taxes on land gambling venues are unfair and causing major closures of certain sectors of the industry. One of the key complaints coming from the UK online casino gambling groups is that the Gambling Act gives foreign registered companies unfair advantages over the UK companies. The UK gambling companies are just looking for the government to create a more level playing field so that companies choosing to base out of the UK have some of the same advantages of foreign registered companies.

Once the study has been completed the results will be tabled in Parliament for consideration; the plan is to have it in Parliament by the beginning of 2010. The UK White List and the taxation of the online casino gambling industry are key concerns voiced by the industry companies themselves and these issues will likely be featured heavily in the final report.