Tag: UK online gambling
UK Online Gambling Suspect Arrested At Australian Open
There may be a lot of action when it comes to UK online gambling, but authorities in Australia have arrested a British individual for alleged ‘court side betting’ at the Australian Open tournament, according to the Daily Mail. The 22-year-old is alleged to have been watching games court side and using a special electronic device sewn into his clothes to send messages to an associate who places sports bets before a TV delay. The individual has not been named and police have not released any details as to whether he is resident or is visiting Australia. Victoria Police also confirmed…
UK Online Gambling Tax Bill Reaches House of Lords
The new UK online gambling bill has taken another step forward after it was confirmed that it is to undergo further examination in the House of Lords. Yesterday, the House of Lords began a committee stage of the bill, a process in which it will be examined in detail. Despite the lengthy line-by-line examinations process, the government said that the bill is still on track for implementation before the end of the year. If approved, the legislation would require all online gaming companies in the UK market, regardless of where they are based, to hold a UK Gambling Commission license….
CNBC Reports on Effects of UK Gambling Tax
CNBC, a respected global news source, recently ran an article about the predicted effects of changes in the UK gambling tax regime set to take effect in December 2014, and which includes the introduction of a 15% point of consumption (POC) levy on offshore online gaming operators. CNBC quotes gaming analysts for Davy Research, David Jennings and Simon McGrotty as saying: “The introduction of the POC tax is likely to cause a seismic shift in the competitive landscape of the UK online gaming market.” The analysts believe that remote businesses such as the Gibraltar based Ladbrokes and William Hill gambling…
Lord Puttnam: Tax online gambling to fund the arts
From The Telegraph The film producer and Labour peer said the UK is in “desperate need” of cultural skills and talent, and taking advantage of the boom in placing bets via the internet could aid the industry. “We will need to find new ways to help support the arts,” Lord Puttnam wrote in the Yorkshire Post. “As many of you will be aware, there is enormous growth in the gambling industry, particularly online gambling, perhaps even, to some extent, displacing money spent on our National Lottery. “I would like to think that the proceeds of a point of consumption tax…