Bermuda is thinking about making itself a haven for online casinos on the lookout for a nation through which to base. The discussion comes despite pressure from some nations, most especially the United States, to curtail online gambling operations.The country's head executive, Premier Emil Brown, is seeking how one can relieve his nation's economic dependence on tourism. While tourists bring millions to Bermuda, conditions corresponding to the present global slowdown leave Bermuda subject to the volatility of different nations' economies.
Brown cites the instance of Antigua, which, in 2000, generated $37.5 million in taxes and 3000 jobs throughout the online gambling industry. Antigua officials asserted that the web casinos based of their country gave poor people an opportunity to construct a greater lifestyle without drug smuggling.
Of course, the Antigua model was ruined by the U.S. in 2006 with the passage of the UIGEA. Despite the fact that Antigua has won damages against the united states.. from the sector Trade Organization, there was no settlement yet.
Still, the political atmosphere in Washington is changing, and plenty of experts expect the united states.. Congress to legalize and regulate online casinos within the near future. When that occurs, countries that experience online gambling sites based in them can expect an immense boom in business.
Brown has also recently considered opening casinos at the island, and laws were relaxed regarding gambling on docked cruise ships. Brown's predecessor as Premier, Renee Webb, had a refreshing statement about online gambling. "I USED TO BE publicly in support of legalising gambling. Firstly, as it already exists through bingo, horse-racing, football pools and Crown and Anchor. So that you aren't legalizing gambling but extending what already exists islandwide."
It is interesting to peer a political candidate actually handle reality, in preference to an invented mush of non secular morality and imagined Pleasantvilles.
Published on October 30, 2008 by EdBradley
Read More... [Source: US Casinos in the News]
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