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The global gambling industry was estimated to reach $US25.96 billion in 2010 (http://www.ey.com/Publication/vwLUAssets/2010_global_gaming_bulletin/$FILE/Global_gaming_bulletin.pdf) . While still a relatively small segment, online gambling is the fastest growing. Even a small piece of a nearly $26 billion pie is significant, and instead of asking “how can we regulate online gaming”, many governments are debating whether to legalize [...]
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Regulating online gambling is within the governments hand. Many things are needed for consideration, both positive and negative aspects. But at the end of the day, it's till the economy, industry and the people as well that will receive the higher revenue.
I always say that once online gambling has been legalized, it will be a big help with the economy's growth but on second thought, are we putting people on a bait that they can't escape? Gambling legislation has been and will always be a long debate.