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Britain's Online Gambling Hopes Dashed Offshore

13 Jun 2005

UK -- As reported by the (Glasgow) Sunday Herald: "Britain's aspiration to become a world hub for online gambling operations has been called into question with the revelation that existing UK online sports books are considering moving offshore.

"The UK government had hoped that its new regulatory environment, which will offer online casinos and poker rooms licences in exchange for meeting consumer protection conditions, would have the added benefit of luring operators to move to British soil.

"...It was believed that existing UK online sports betting companies would take the opportunity to repatriate their businesses, which previously could not be UK-based.

"...In a reversal of fortune, some British medium-sized online sports books have hired Global Betting and Gaming Consultants (GBGC) to investigate the merits of moving offshore.

"...GBGC founder Warwick Bartlett, who is currently the chairman of the Association of British Bookmakers, said that it is simply far cheaper to operate elsewhere..."

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