|The UK’s Gaming Bill might be delayed on its way through parliament but it’s believed any delays will be quite short. Whilst the British parliament gets way-laid by other matters, such as sexy dossiers on fictional weapons dressed in silk lingerie, the Gaming Bill is likely to be pushed aside for at least a couple of months. |
In the meantime the gambling industry in the UK is certainly taking a turn for the better, despite, or perhaps in spite of, poor economic conditions. In virtually every other industry redundancy rounds every four to six months are commonplace. However industries based on booze, ciggies, sex or gambling are keeping their head well above water.
Casinos and bookies in particular seem to be turning over a steady profit, according to Jeffrey Harwood, leisure analyst at ETrade Financial. In an interesting development the industry is no longer dependant on foreign high rollers hitting London. Time was when two Arabian sheikhs and a Russian oil baron were the UK’s gambling profit margin. Nowadays casinos are popping up around the country and they’re drawing in the punters.
With preparations being made for the oncoming de-regulation of UK gambling there’s certainly money to be made. So, in an uncertain world, there’s at least the certainty that a few shares in a casino is hardly a gamble.