Analysts in the UK suggested last week that proposed legislation designed to deregulate the gambling industry may be forced off the government's agenda by matters considered more pressing, such as asylum legislation.
The UK media reported that shares in several major casino and betting shop chains fell on the news that Merrill Lynch analyst, Andrew Burnett had revealed in a research update that: 'We understand from industry sources that the proposed bill...could be postponed.'
According to reports, Mr Burnett went on to warn that if the bill - which among other amendments, contains provisions for the privatisation of the Tote, and the reform of the racing industry levy regime - doesn't form part of the Queen's Speech in November, it could be shelved until the next election, to the great dismay of the gambling industry.
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