Betting & Gaming - Market Report : According to National Statistics, household expenditure on betting and gaming was virtually unchanged between 2004 and 2005, whereas the 2 years prior to 2004 both saw double-digit growth. The industry is in the process of tremendous change, as deregulatory measures come into effect following the enactment of the 2005 Gambling Act. This act has established the framework for the new regulatory regime, but there are still details to be determined and the key provisions will not come into force until late 2007.
Deregulation is controversial. Its opponents are of the opinion that increased opportunities to bet can lead to increased problem gambling. Its supporters argue that it is a matter of personal liberty. There is, of course, no doubt that the Treasury will benefit greatly. Casino operators have already reported increased attendances since the 24-hour `cooling off' period between joining a club and being permitted to play was abolished. Two of these operators, Stanley Leisure and London Clubs International, are in merger talks that would create the largest casino operator in the UK.
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