UK Casino Regulation: Future Changes Entrepreneurs Must Know
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This seems all the more glaring given the current government’s repetition of the term “levelling up” ad nauseam. In the initial draft of the legislation a total of eight supercasinos or ‘regional casinos’ were envisaged. Local opposition has focused on problem-gambling issues and potential traffic congestion on nearby the M1 junction. Rival developers are eyeing three potential sites for the project, should Sheffield win. A super-casino could create 14,000 jobs over the next 20 years and generate some �213m in revenue in an area “ripe for regeneration” according to Sheffield City Council chief executive Sir Bob Kerslake. Opponents say the casino is likely to increase levels of problem gambling in an already deprived area.
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For the land-based casino sector, this is not just an opportunity to evolvebut a chance to redefine its role in the UK’s gambling ecosystem. With all the positives, there is always a price – and smaller industry players have argued that this will need to be calculated proportionally. Overlooking key game metrics like RTP (Return to Player) and volatility can lead to poor decision-making and reduced winnings.
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This went unanswered in any effective way, and ultimately resulted in public and political opinion shifting decisively against regional casino development. Opposition to the plan focuses on fears that the likely siting of the super-casino near the city centre will have an adverse effect on local retailers. He called for the award to go to the local authority which could demonstrate social responsibility.
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Originally the government said there would be up to 40 super-casinos but this number was cut – firstly to eight, and then to just one – in the face of heavy opposition. Neither of these technologies has impacted the online gambling scene yet, even though it was hyped a few years ago. However, as the popularity of these technologies increases, it’s likely to impact the gambling world at some point. For Icade, this move is fully aligned with its ReShapE strategic plan, which is focused on building the city of 2050 today. Two of the nine properties, located in Marseille and southern Montpellier, will be developed in partnership with CDC Habitat, a subsidiary of Caisse des Dépôts focused on social and affordable housing. The collaboration aims to create mixed-use neighborhoods that combine residential, retail, and public spaces.
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In part, this was inspired by, and emulated, the integrated casino resort that developed in the US, seeking to realise the benefits these brought to local communities. Newcastle’s proposed super-casino would form part of a large conference centre which local officials say is critical to the future development of the local economy. Manchester would appoint an independent community trust to oversee its super-casino’s workings and promises the “highest standards of social responsibility”. Some 75% of the population are behind the plan according to SWR and Ipsos/Mori polls, while an online survey by local media gave a 91% approval rate.
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