Will Cuba Be the Next Online Casino Paradise?
Posted By admin , on May 3, 2008 at 12:38 PM .Category: Casinos
The shift in Cuban leadership has led to a lot of speculation whether Cuba in fact could be the next online casino paradise. The region is the home place for many online casino businesses, and experts are now discussing whether Cuba will be the next country in the region to ease the ban on online casinos. The Caribbean is already well known for its lenient policy toward the online casino industry, and is considered the capital of online casinos. Antigua, Jamaica, Costa Rica and the Dominican Republic already allow online casinos and sportsbooks to operate from their countries. Only few other places in Europe and Canada, like Gibraltar, Malta and the Kahnawake Reserve, allow the online gambling industry to operate from their area. The industry processes billions of dollars a year, and many of these countries base a large percentage of their economic output on this particular industry.
Since the shift in Cuban leadership earlier this year, where Fidel Casto’s son Raul Castro took over the leadership from his increasingly ill father, not many Cubans expected much of a change. They were, however, to their big surprise proven wrong. Raul Castro has introduces several changes and eased many of the former restriction, which made the lives of the Cubans unnecessarily hard. The Cubans can now, for instance, acquire cell phones, DVD players, microwave ovens, and other helpful retain goods. Furthermore, a privatization of land to private farmers has begun. Now, poor farmers throughout the country receive their own lot of land to grow whatever produce they decide to help stabilize the dairy, tobacco and coffee industries. The wind of change flying over Cuba, has led some to speculate whether Cuba eventually will ease its ban on online casinos, and try to gain its share in the growing industry by allowing the industry to operate from its land.
Before the revolution Cuba was considered a lavish and exotic place for Americans to visit. The atmosphere was free and “bohemic”, and it was possible to find an abundance of casino resorts, attracting gamblers from al over. The revolution in the 1950s ended the era and many restrictions were imposed on the small country, which had all its assets turned state owned. The new government tore down many of the casinos and a ban on gambling was imposed. Now the online casino industry is hoping that Cuba will return to former times, and ease the ban on gambling as well as online gambling. There is no doubt that huge amount of money this industry could contribute to the empty state finances, would help the poor country a great deal. The only question remains, if Castro is ready to let this highly capitalist industry enter his domain.
Tags: casino business, casino resort, fidel casto, online casino, online casinos, online gambling, raul castro
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