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The Jersey Gambling Commission has issued its first ever gaming license this week, issuing a permit to internet betting operator Twelve 40.
The license is the first of its kind for the Channel Island, whose neighbors Guernsey and Alderney have a long history of issuing gaming licenses. The Commission says that recent changes to UK gambling laws has reinvigorated Jersey as a potential venue for online betting.
The economical impact could potentially be quite large for Jersey, as fellow Channel Island Guernsey sees revenues of about £50 million brought to its coffers annually.