Tacit Approval of Regulations
The recent announcement that the online casino licensing jurisdiction of Antigua
and Barbuda received UK white listing acts as a huge boost to Antigua’s
advancement efforts within the international internet gambling industry. Antigua
and Barbuda were primarily used as a base for internet gambling companies that
did business within the US market. With the banning for foreign and offshore
online casinos from the US, international companies had little impetus to
operate their companies out of Antigua. All of that has changed now however with
Antigua and Barbuda’s approval for the UK white list which allows Antiguan
licensed online casinos advertisement opportunities in the UK.
The biggest boost though to Antigua is the secondary side effects of the UK
white listing. Not only are foreign online casinos now actively seeking
licensing in Antigua, the listing acts as a near official approval from the UK
Gambling Commission. There has been speculation about the safety of Antiguan’s
gambling regulations and the UK’s decision to include Antiguan on the white list
is a form of tacit approval indicating to the international online casino
gambling industry that Antigua is a quality and reputable jurisdiction.
The benefits of UK white listing will be immediately noticeable to the Antiguan
economy – not only are online casinos already beginning to apply for licensing,
but the Antiguan government anticipates that business and employment
opportunities will also manifest in the country as the internet gambling
companies move headquarters and base operations to the islands. This is entirely
a positive step for the island nations of Antigua and Barbuda as they continue
to battle with the US government. |