Introduction:

Gambling industry is a billion dollar one and is very captivating among people. From past few years we have been noticing the sudden gush in improvement of the popularity of this online casino and gambling industry. People have started involving much in this in order to get profitable returns but they might not know the fact that gambling industry is not meant for wining only. The gambling industry is getting commercialized at a very fast pace and there could be few key factors as how online casino industry is getting commercialized. The key factors are:



• There are many latest technological developments due to which this industry is gaining popularity and is trying to generate more and more revenue in order to turn it into a profitable business. By technological developments we mean introduction of new gaming and hi-tech machines, online casino etc.

• There are general economic developments that affect leisure and other luxury goods industries.

• Gambling industry is also getting commercialized as there are changes in public opinions time and again which in turn changes the laws and regulations.

These are some of the factors due to which the industry has started growing at a fast pace. Moreover, gambling is a never ending scenario and people will always try and invest in it by all means.

Future of casinos in United Kingdom:



Everybody is aware of the fact that gambling is an enjoyable and a fun loving game for most of the people however; they are not well aware of its adverse affects on them, their family and of course on society in which they live in. if we look at the worldwide scenario then we will realize that the availability of lotteries and various casino gambling machines have been exponentially increased. Due to this constant up gradation people have started participating in the initial doings and moreover, there is an increase in the gaming operators as well. These operators seek regulatory concessions in order to maintain a high level of casino playing.

This is a major point which is reflecting in many other parts of the world. If we talk about UK then this country is no exception. Here also the casino industry is spreading like an epidemic. From past three decades UK is following the traditional British gambling policy. After this in the year 1994, national lottery system got introduced here and thus the concept of casino gambling started. Furthermore, the UK casino industry stands at a crossroads and the supply of new casinos and gambling machines is growing immensely. However, from past many years the development of casino industry had been static but, not it has again started attaining growth and now it will continue to be like this for many years to come. Here casinos are now about to enter the mainstream leisure industry but there is a major factor which is unknown that whether there is sufficient consumer demand to sustain such large scale investment and supply growth.

Future of Casinos in Europe:

Online Casino industry is the most dynamic of all and you will find a steady increase or decrease in its popularity. In this era, gambling industry is taking new shape and gaining new heights. In the current scenario Europe is moving ahead from coin operated amusement machines to various new forms of entertainment. The gambling industry there is turning this sector into a highly and locally regulated sector. The casino industry is booming up here in many parts of Europe, however, today the status of casino industry is much different than they were a quarter of centuries ago.



The European casino industry is divided into parts as: the legislative model there ranges from state owned monopolies to highly taxed private sector partnership exclusive franchise regional monopolies. As far as the state owned monopolies are concerned states like Sweden, Finland, Austria and Netherlands have the European legislative model in terms of casino industry there. However, capital investment has been limited and there casinos are nothing besides a small room where there are variety of gambling machines and sometimes offer occasional bars and restaurants. The basic motive of the country for supporting various gambling activities is the usage of funds generated for good causes.

Furthermore, we can say that such kind of casino industry activities is a comprehensive work which will be welcomed in near future just for the benefit of the country and its citizens. In UK the efforts to reform and liberalize the casino industry was initially authorized by an eccentric gambling act that was introduced in 1968 however, as the times have changed a recent gambling act was passed in 2005.

Future of Online Casino Gambling:



The popularity of online casino has skyrocketed in past few years and with the emergence of latest technology in casino industry the popularity is getting increased exponentially. However, it is to be remembered that then online casino industry is still very much in its infancy. The first ever online casino was opened somewhere around 1995 and since the there lot of changes have been made. Today, one of the major reasons for the success of these online casinos is fast internet connections.

Today, the gambling industry is evolving more quickly than ever before. If we look at the statistics, we will realize that today, there is somewhere around 2000 online gambling sites however, not all sites are productive and real. There are people who develop fake gambling sites and cheat the player for that matter. Players, from the owner’s site simply play in the software provider’s pool and there are many more existing players. So, what does the future hold for online gambling? As far as the future of online casino industry is concerned it is still have to explore more new and diversified dimensions due to market twists and turns. All we can say that online gambling industry has just been evolved and if continued improving at the same pace then the success of this industry is not far away. Moreover, the future of casino industry is a tough forecast to make, but if we look at the present scenario things do look that it could signal the beginning of the end of successful and flourishing casino industry.

Gambling industry is one of the biggest and the most profit making industries. Gambling on online casinos is projected to reach from five to ten billion dollars and this is an annual figure. By this you can just calculate the worth of this industry in terms of money and profit. This growth of online casino gaming is expected to increase globally. Those who are fond of gambling have started exploring new markets and developments in the same industry and thus; are trying to find new ways to gamble. These days people find online gambling the best part as for this you don't need to move to any land based casino. Thus; for them online casinos is very convenient for them. Industries in this arena are looking forward for both domestic and international growth through various channels. The increasing revenue from existing customers have grown the base of gambling industry and thus; many people have started performing illegal operations in the same.

Why a stable regulatory system?

People have started investing in this industry through various illegal means. Thus; rather making the online gambling practices illegal, the government should regulate internet gambling through available means. The government of various countries have started this practice of enforcing regulatory systems thus; making online casinos move towards a stable regulatory system. A stable regulatory system is really very important especially, in various developed and developing countries. It plays a vital role as now when online casino game is mentioned anywhere, old images of organized crimes come to mind. Thereby, to put a stop on all the illegal practices and crimes, there should be a proper and stable regulatory system. We all are well aware of the fact that online casino gambling is the major source for money laundering and tax evasion. Those who are playing online casino games with wrong intention might know all the loop holes and thus, they easily indulge themselves in such criminal acts.

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Dangers that can be curbed by regulatory systems:

As we all know that the popularity of internet gambling is skyrocketing and most of the states allow some form of gambling however; some of them do not have legal regulatory acts for that matter. As per the norms every country should have legal aspects before indulging themselves in various gambling acts. Many states seek to prohibit online gambling because of the following four reasons.

1. The potential for fraud over the internet through these illegal gambling practices.

2. Children's access to various gambling sites.

3. Increased number of gambling addictions, resulting in compulsive gambling patients.

4. The revenue generated from legal gambling operations is to be protected and this can only be done by enforcing some kind of regulatory act on online gambling.

Before, enforcing any kind of online casino regulatory system, the countries first have a look at these dangerous hazards to the society. The government then tries to find the solution and then a regulatory system is imposed if possible.

Online gambling in different countries:

Recent studies have shown that South Africa has become the latest nation to legalize online gambling. The country has its own national gambling board and has passed a national gambling act in order to make online gambling legal in their country. Similarly, many countries have started looking up for the legal formalities as everybody now understands that online casinos are moving towards stable regulatory systems. They have now made compulsory to have gambling licenses both to operate as well as for gambling. Land based casinos should have legal permit and so is the case those who are running online casinos.

Main objectives of stable regulatory systems:

A fundamental online casino regulatory system is incorporated for three major reasons:

-Firstly, a regulatory system will provide the setting of casino regulatory with necessary powers to enforce various online casino laws and regulations.

-Secondly, the regulatory act or system will set up certain guidelines for the casino operators and other related business parties including the ones, which are responsible for maintaining online gambling sites.

-Last but not the least, this regulatory system will provide number of social safeguards to protect it from carious illegal acts and vulnerable persons involved in online gambling.

The legal regulatory acts have adopted a basic policy of compliance first and commerce later. All the laws and acts have been formulated by keeping this in mind. The regulatory system lists various casino operations violation of which, can lead to breaking of laws. The regulatory acts have been made to deal with illegal operations such as tampering with the gaming equipments, cheating, forgery, attending to exploit casino chips as an alternate currency.

Many problems associated with online gambling are prone to internet itself and are not associated with any of the wagering activities. The money laundering concerns are generally, applicable to all forms of internet commerce. Thus; the chances are frauds are more prevalent. In order to keep a watch all online operators would have to coordinate the tracing of all payments. If one accepts that all the online gambling problems are associated with the internet then probably, the government should reconsider as whether, they should make online casinos legal or not. Moreover, there are a number of benefits which are possible from the legalization of gambling on the internet. By applying such regulatory systems every state desperately attempts to keep money from flowing beyond their borders.

The government agencies those who are involved in approval of these stable regulatory systems should look into various matters. Some monitoring that needs to be done is:

-Integrity of the site's random number generator games.

-The efforts putting by various site owners to keep children and compulsive gamblers out of the site.

-The site is to be checked as if meeting certain financial benchmarks.

-The online gambling site has to offer a coded system so that the player's location can be easily determined.

-The site should be well protected from hackers entering and stealing financial information of the players playing online casino games.