Online casinos in Antigua seek out UK firms

Top 21 Online Casinos - Online casinos in Antigua seek out UK firms

Antigua and Barbuda, that well-known tropical island paradise not only for tourists but online casinos as well in the Caribbean, has recently been seeking out to create “strategic alliances” with many online casinos companies in Great Britain as the small island country combats efforts in the United States and elsewhere to clampdown on internet gambling companies, many of whose revenues have been hampered by authorities who consider the online casinos business to be illegal.

The reason for the move is that new gambling laws have recently been passed in the United Kingdom to regulate a continuously growing and profitable online casinos industry there. At the moment, Antigua is one of several tax havens operating away from mainland shores to avoid exactly the sort of regulatory moves U.S. officials are now seeking to impose. The laws in the U.K. still have yet to be implemented; however, any path the United Kingdom seeks to pave through the controversy-ridden issue is seen by Antigua as beneficial in the long run. With online wagering taking place in Antiguan online casinos all over the world, an increase in net gambling profits is sure to result from any sort of special relationships held by the internet casino industry between both countries.

The online casinos industry in Antigua has been deeply wounded since the U.S. began its efforts to lead combat against the practice of internet gambling. At the height of the online casinos industry in Antigua and Barbuda, there were close to 120 online casinos operating under licenses from the government. The Financial Times newspaper of London recently released damaging figures with estimates that now the number is close to only 22 online casinos. That is an 80% drop; understandably, Antigua wants to turn things around and fast. With the help of the U.K., hopes are rising for the tiny once-dominant online casinos base to reach once again the top of the online casinos operating pack.

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