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January 16, 2006

UK calls for online gaming summit

The spiraling growth of online gaming has raised concern amongst British ministers who are calling for an international summit to determine how this rapidly growing industry can be better regulated.

By CBR Staff Writer

According to recent media reports, supporters of more regulation are primarily concerned with the lack of protection for children and the industry’s potential appeal to rogue operators.

The UK appears to be the most focused of all industrialized nations in this aim, and its recent efforts at gambling regulation include the passage of the Gambling Act, late last year.

However, with an estimated global market value of $12 billion per year, it is difficult to imagine countries such as the US, where online gaming is a huge market and is largely unregulated, will support the UK in its effort.

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