UK Gambling Laws Criticized
Wednesday, November 10th, 2010 - Tammy F.
All across Europe, countries are legalizing and regulating online gambling. While this is a great way for lottery commissions to keep up with the demand for digital activities, it also contributes a great deal of tax revenue to federal governments. In many countries, the money is being used to pay off deficits and some social programs, but industry professionals believe that some countries are getting a bit too greedy.
The United Kindgom has recently come under fire for imposing unreasonable gambling taxes on operators based in the country. These laws have already forced some of the biggest operators out of the UK, and it is expected that many more will follow. Operators are now looking towards settling at offshore locations, where taxes are much lower, but the UK government has yet to budge on the issue.
Warwick Bartlett of Global Betting and Gaming Consultants expressed his hopes that the British Horseracing Authority does not attempt to squeeze online gambling operators in an attempt to offset the costs of paying off the country’s deficit. He believes that many operators would be able to find loopholes, ultimately taking money away from the United Kingdom – and he is right. By moving to offshore locations, operators can reduce their taxes, but in the process of doing so, they eliminate yet another stream of revenue for the UK government.
You must be over 18 years of age to register and to place a bet. The company reserves the right to ask for proof of age from any customer and customer accounts may be suspended until satisfactory proof of age is provided.
St Minver Limited is licensed by the Gibraltar Licensing Authority and regulated by the Gibraltar Regulatory Authority under the 'Gambling Act 2005'.