Changes in UK gaming legislation and the opportunities presented for property developers and investors
Harris, J.
Changes in UK gaming legislation and the opportunities presented for property developers and investors - 2004 - Journal of Retail and Leisure Property 3(4) 2004, 314-325(12) .
Examines the reasons why the casino sector has been left so far behind in the retail and leisure explosion of the last 30 years. Looks at why that is beginning to change and the prospects for future growth, investment and development. Assesses the legacy of the Gaming Act 1968 and outlines the overwhelming case for reform resulting in a government policy statement of March 2002 and the publication of a draft Gambling Bill by the DCMS in July 2003. Describes the proposed reforms and their likely effect on the gambling landscape. Concludes that the gambling reforms will become law in 2004 or early 2005, paving the way to re-establishing the UK as a leading gambling jurisdiction with the attendant tax revenue increase, thegeneration of 70 000 more jobs and estimates of up to £9bn investment in the UK. Further information about the Bill is available at www.culture.gov.uk/. [Taken from journal abstract].
LICENSING
GAMING
GAMING ACT 1968
PROPERTY INVESTMENT
PROPERTY DEVELOPMENT
CASINOS
GAMBLING BILL
Changes in UK gaming legislation and the opportunities presented for property developers and investors - 2004 - Journal of Retail and Leisure Property 3(4) 2004, 314-325(12) .
Examines the reasons why the casino sector has been left so far behind in the retail and leisure explosion of the last 30 years. Looks at why that is beginning to change and the prospects for future growth, investment and development. Assesses the legacy of the Gaming Act 1968 and outlines the overwhelming case for reform resulting in a government policy statement of March 2002 and the publication of a draft Gambling Bill by the DCMS in July 2003. Describes the proposed reforms and their likely effect on the gambling landscape. Concludes that the gambling reforms will become law in 2004 or early 2005, paving the way to re-establishing the UK as a leading gambling jurisdiction with the attendant tax revenue increase, thegeneration of 70 000 more jobs and estimates of up to £9bn investment in the UK. Further information about the Bill is available at www.culture.gov.uk/. [Taken from journal abstract].
LICENSING
GAMING
GAMING ACT 1968
PROPERTY INVESTMENT
PROPERTY DEVELOPMENT
CASINOS
GAMBLING BILL