Uk Casino White List Threat Draws Closer

UK CASINO WHITE LIST THREAT DRAWS CLOSER

09th June, 2011 at 11:14:55
Source: http://www.azonlinecasinos.com

Advertising in the UK is about to get more difficult for offshore gambling companies

After months of veiled threats that offshore internet gambling companies wishing to advertise their services to UK players may have to pay Brit taxes, the likelihood of such a development loomed larger this week.

UK media report that an unidentified "senior government source" has leaked the news that the British government intends soon to ban advertising in the UK for online gaming operators based offshore, and to call a halt to the use of UK credit cards used by punters on offshore gambling websites.

The leak, which may be a deliberate move to test reactions, follows discussions between British licensed gambling companies and the government last year, and a government enquiry into the industry and the use of UK advertising by companies that are not licensed by the UK Gambling Commission and operate from offshore bases, denying the UK taxman his cut.

British-licensed operators have complained that the present situation leaves them at a competitive disadvantage to offshore rivals due to the higher tax they pay.

Several major UK gambling groups have moved their internet operations offshore in order to better compete.

One possible solution mentioned last year was to do away with the present "white list" of acceptable jurisdictions and instead require a form of "secondary licensing" in the UK which would make offshore companies responsible to the Gambling Commission and liable for taxation.

There has as yet been no official government statement on the findings of the enquiry or firm government intentions.

Related News Tags:



« News index »



UK COURT GREENLIGHTS BETSSON'S NETPLAY ACQUISITION (Update)

29th March, 2017 at 15:16:22
Deal expected to complete later this week.

ANOTHER FOBT RED FLAG FOR UK BOOKIES (Update)

23rd March, 2017 at 09:52:25
Fitch Ratings opines that staking limit cuts could benefit the online side of the industry.

MARATHONBET LAUNCH MOBILE CASINO CHANNEL FOR UK MARKET

22nd March, 2017 at 12:01:49
Caters to ever increasing play on the go.

UK BOOKMAKERS ADVISED TO "BRACE YOURSELVES"

21st March, 2017 at 21:54:56
Government may be about to act on FOBTs, says MP.

BOYLESPORTS HAS BIG PLANS FOR THE UK RETAIL BETTING MARKET

17th March, 2017 at 14:21:15
Undeterred by the failure of its bid to acquire betting shops dropped as a result of the Ladbrokes Coral merger, Irish bookie remains determined to open more UK shops this year.