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U.K. casinos
could be built in remote
locations
February 15
I f
the U.K. builds new
casinos, they might be constrained
to out-of-the-way or
poorer areas where
potential U.S. casino
companies aren't
interested in building.
As it is, these would-be
casinos wouldn't be open
for business until the
year 2008.
Casino companies would
most likely be allowed
to apply for licenses in
2006 or 2007 after an
autonomous government
panel figures on which
areas will be
proper for casino
construction.
U.S. casino giants that
include the Las
Vegas-based MGM Mirage,
Las Vegas Sands Corp.,
Harrah's Entertainment
Inc. and Ameristar
Casinos Inc. have
tentative plans to
construct Las
Vegas-style resorts in
Great Britain.
There are
U.K. casino
operators that are
against the bill,
believing it will
give preferentiality to Las Vegas and
other investors
from other outside
countries, infringing on
U.K. businesses. The
issue of problem
gambling has caused
British lawmakers to
strictly
limit the number of
casinos to only allow 8
for each category
developed. The
categories are based on
the size of the casino - small, large and resort
destination casinos.
London, which is
obviously a highly
populated area, could
possibly only permit
two casino sites,
leaving other prospects
to build in far -off
locations that are less
populated and have lower
income families.
If this is to be,
many would-be casino
companies will most
certainly pull out of
any further planning,
leaving only a few real
brave companies willing
to develop in these
designated areas. While
it is known that
building casinos in the
poorer areas would no
doubt help local
economies, casino
companies will be leery
of any profits.
GamblingPhD will
follow this developing
story and keep it's
readers posted. For more
on this topic, be sure
to read this story:
Britain readying for
casinos
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