Newspaper article The Journal (Newcastle, England)

Big Winners in New Gambling Bill Will Be Leisure Property Developers

Newspaper article The Journal (Newcastle, England)

Big Winners in New Gambling Bill Will Be Leisure Property Developers

Article excerpt

Byline: By Tim Evans

LEISURE property developers in the North-East could be the major beneficiaries of the new Gambling Bill, whether or not they get permission to build super casinos.

For there is a growing feeling that regeneration will be a deciding factor in deciding which areas are licensed for major regional casinos.

One NorthEast has commissioned research into the possible effects of the new legislation, because it believes regional development agencies will be given the final decision on consents.

It is worth bearing this in mind as the consequences of the new Gambling Bill continue to unravel.

It is also worth bearing in mind that the UK currently enjoys a worldwide reputation for a having a fair and uncorrupted gambling industry, of which casinos form a very significant part.

During the 1960s, and prior to the Gaming Act of 1968, UK casinos were heavily infiltrated by criminals and organised crime.

It is generally accepted that casinos remain the most vulnerable sector within the gambling industry. In almost no other environment are such high sums of money in circulation, where fraud and money laundering can potentially occur.

In 1968, individuals wishing to operate a casino in the UK were required to apply to the Gaming Board, where since an analysis of suitability, diligence as well as financial legitimacy has generally been a successful barrier to the criminal element.

The aims of the new legislation revolve around three core objectives, all of which have been central since the Budd report of 2001, and the subsequent government response, A Safe Bet For Success, published in 2002.

This aims: to ensure gambling must remain crime free, conducted in a fair and open way and children and vulnerable persons must be protected from gambling.

In delivering these objectives, the new legislation replaces three pieces of law: the Betting Gaming and Lotteries Act 1963' the Gaming Act 1968 and the Lotteries and Amusements Act 1976. …

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