A Professor teaching clinical and community psychology at the University of Birmingham in the United Kingdom has published a report for the Department of Trade and Industry quoting what he thinks will be the effect of relaxed gaming regulations and Internet casinos.
According to the professor, the government has not paid sufficient attention to the effect that gambling and Internet casinos will have on the community in general. He claims that the greater the availability the greater the problems it will bring about.
Since 2005, when the Gambling Act has been passed by the government, it has made new forms of gaming like betting by means of mobile phones and Blackberries, via televisions and on the internet in online casinos much more available and hence more probable to encourage gambling addiction.
The professor is also convinced that the most harmful form of betting will be spread sheet betting where players can bet on financial markets and the results of sporting events. This sort of betting has the most devastating effect due to the fact that the player may experience huge losses in comparison wit the amount of money wagered.
In the past several years, the British government has always been strict in terms of regulating the gaming industry, however the legalization of various forms of gambling including Internet casinos came when the responsibility was moved from the Home Office, where gambling was treated as a potential hazard to the person, to the Department for Culture, Media and Sport. Currently this move has been made, the gambling and Internet casinos industry is at present a leisure activity.
This new legislation has made it possible for many new casino resorts to open up throughout the United Kingdom and Internet casinos are now legal. According to the report, these laws will make gaming a common every day action due to the fact that gambling machines with high jackpots and unlimited stakes will be available throughout the country. Adding to these latest kinds of playing are bingo and casino games that are obtainable round the clock.
According to estimates, the annual turnover of gambling and Internet casinos will reach £53 billion ($98 billion US). Currently, there are 140 casinos in the United Kingdom and 670 bingo clubs. It is unknown how many Internet casinos are used by British players. There are 8,000 sports betting shops and 250,000 gambling machines. The recent Gambling Act will allow seventeen new land-based casinos and many more Internet casinos.
In 2004 it was estimated that 2 per cent of the citizens had played at Internet casinos and the concern is that these online casinos could create up to 750,000 problem gamers in the United Kingdom.
The online casinos industry is convinced that by means of regulating the practice, troubles can be more easily monitored and coped with such as underage and problem gambling.
Internet casinos have been walking through a rough patch because of the regulations in the United States trying to being passed however despite this the Internet casinos industry is on the increase and more and more individuals are playing on the Internet than ever before.