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Fair and Safe Online Gambling

Today many countries have regulations and laws governing fair and safe online gambling, that are in place to allow a strong online gambling industry while still protecting the interests of the consumer.

If you have any doubts as to the fairness and safety policies carried by an online casino, it can be a good idea to check out which country an online casino is based in, and see that the casino is registered.

There are also several industry watchdog sites that offer independent analysis of fair and safe online casinos and gaming sites, as well as sports betting websites, internet bingo halls and poker rooms. These sites conduct strenuous testing of hundreds of online gambling companies, checking their level of fairness in play and customer safety.

Usually these watchdog sites provide gambling companies that comply with their strict guidelines with a seal of approval or certification of safety that the online casino will then display on their website. These certifications are awarded only to the best and most reputable online casinos, and they are occasionally backed by a guarantee.

Naturally, the vast majority of online casinos are following fair and safe trade practice guidelines and in general, it is very safe to enjoy the wide range of exciting games offered by online gambling sites, however there are always a small number of “rotten apples” in any industry that can spoil the reputation of the rest.

One of the best ways to discern if a casino is operating within fair and safe guidelines is to read messages posted by other players on one of the many online gambling community forums. This way you can see if a site is not only licensed and accredited, but also if other players like the site and are happy with their service.

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  • The UK gambling industry is set to experience massive growth during the coming World Cup, adding to the current national growth of 3% seen in gambling companies.

    Despite the fact that many gambling companies’ stock performance as been relatively erratic lately, with gambling shares going up and down, investment and industry professionals are confident to identify booming online gambling companies as prime investment opportunities as margins have remained solid.

    Last year several gambling companies increased their earnings share by over fifty per cent, and according to sources from well-known investment banking group Dresdner Kleinwort Wasserstein, more than twenty percent growth is projected for this financial year in the gambling sector.

    Sceptics in the finance industry have little hope for the latest financial successes of online gambling; claiming that recent skyrocketing growth is merely a fad, however most believe the gambling industry will continue to grow. One finance manager is reported to have said that while online gambling currently accounts for barely five per cent of the worldwide gambling industry, he is confident that this will rise to around ten per cent in the near future.

    A number of major funds in the UK have been investing heavily in the gambling industry, showing high levels of confidence in the sector, with funds such as the M&G UK Growth fund and the New Star’s UK Special Situations fund.

    Manager of the New Star’s fund, James Ridgewell says that the current pall of threatened US anti-online gambling legislation is actually a boon in disguise, as investors have shied away from shares in internet gambling companies, creating excellent value options.

    In addition to this, few new online gambling companies have entered the market due to the risk involved with impending possible legislation out of the US, allowing existing gambling sites to strengthen their client base.

    Despite several online gambling companies sustaining severe losses in early trading when the US bill was approved, banning the use of electronic funds transfers, cheques and credit cards to pay for internet gambling, these losses were quickly recovered, and the industry remains confident that the bill will ultimately fail.

    M&G UK Growth fund’s manager, Simon Murphy reportedly stated that with the England team such a strong favourite for this year’s Soccer World Cup, set to be hosted in Europe, UK gambling companies can expect to see a great rise in interest, with punters placing sporting bets on the matches, and investor interest following, as with all major sporting events.

    However the current mood of optimistic confidence is not universally shared by all in the finance markets. Andy Brough, Schroder UK Mid 250 Fund’s manager does not hold any stocks in internet gambling companies, stating that the high operating margins are not sustainable for the long-term, not to mention the ease of entry, with a basic starting price of just £30,000 for a fully operational poker site.

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    Tags: online gambling, online gambling legislation, uk gambling

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