Tag: U.K.
Concern Prompts Changes in Proposed U.K. Online Gambling Regulations
Casino Scam Report – Proposed changes in online betting in the U.K. has sparked concern that the new regulations, which shift taxes to the consumer end, could harm the nation’s gambling industry and even the British economy in general. The manner in which the British government regulates online gambling has been met with resistance from operators who fear a reduction in gambling and thus in their profits. Designed to protect gamblers, who in the U.K. are known as punters, the changes target operators who have attempted to reduce their expenditures by moving to jurisdictions where taxes are lower. One such…
Gambling Reform in U.K. Focuses on Punter Protection
Online-Casino.com – The online gambling industry in the United Kingdom is set to undergo major changes which some operators who dodged the tax bullet last time by moving to Gibraltar and other tax friendly jurisdictions now having to face the music. The proposed changes in the way the U.K. government regulates the online gambling industry have been met with a fair amount of resistance from the operators who say the new tax regime will minimize profit and turn punters away. The government has been listening and the UK Minister for Sport, Tourism and Equalities, Helen Grant recently announced changes to…