The online gambling industry is seeing a recent boom. Antigua and Barbuda, the island nation is a reason for the boom in the online gambling industry. The latest endorsement by the British Department of Culture, Media, and Sports with regards to the regulation and licensing of Internet casinos based from the country; online gambling operators are looking to relocate their businesses to Antigua due to the kind of authorization and legality provided by the island nation.

Antigua employs strict regulatory systems on Internet gambling operations which are operating in the country, inclusive of safe-guarding the age verification and also with the prevention of the kind of money laundering around, and also they vouch for the authenticity and reliability of the payment systems.

The sarcasm is that the Antiguan financial system was caused to a crippling gust by the US government, which disqualified such operations due to the concerns about uncontrolled gambling sites which were operational. Consequently, the US patrons are presented with an increasingly unsafe atmosphere for Internet gambling, regardless of Antigua providing the protection which their customers actually require.

Kaye McDonald, who is the director of gaming for the Antiguan commission, stated that the new arrivals will be providing with the required jobs and revenue for their island nation. She also remarked that the licensing requirements will be bringing the operators of the new online casinos within the Antiguan jurisdiction. The key personnel and members of the management are required to be available in Antigua and Barbuda. This is of primary requirement.

The Financial Services Regulatory Commission is expecting a budgetary hike of 100% for the fiscal year 2009, with are estimates based on the number of online casinos who are showing their interest in setting up their business in this island nation. The authorization of the "white-listing" by the United Kingdom is one of the dominant factors in the upsurge of this trend regardless of the global financial meltdown. Hopefully, online casinos are seeing a new hope.