Growing Number of UK Casinos
November 30, 2006
The UK Gambling Commission has announced that it approved all 29 casino applications it had analyzed in the past months. Many casino owners have rushed to apply since the 2007 gambling legislation will restrict the number of new casinos to 17. The second step for these casinos is to be allowed to function by local authorities; it seems that the British local authorities have approved only 40 per cent of the applications they handled this year. At present there are around 140 land-based casinos in Britain and the number is expected to reach 190; analysts say that the growing number of casinos could lead to oversupply and fear that many of the new casinos may not last on the gambling market.
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