|The Interactive Gambling Gaming and Betting Association (IGGBA has warned the Treasury that it stands to lose £2billion of inward investment, should the gambling bill fail. Richard Flint, chairman of the IGGBA, said: 'Without a properly regulated interactive industry, UK citizens have to visit offshore sites to gamble and the government has no means of enforcing its licensing objectives. If this bill does not pass during this parliament, we believe it may be many months or even years before we get appropriate legislation.'|
The gaming body said it expected 225 companies, among them the industry leaders, to relocate from offshore jurisdictions, providing the regulatory reforms are implemented to their satisfaction. However, with a general election in the offing IGGBA fears that the issue could be sidelined.