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Is Dublin Betfairs Fallback
New office gives online gambling group more options should the "regulatory environment evolve".
Betfair's quickly subscribed offer of 10 percent of its shares on the London Stock Exchange perhaps over-shadowed an interesting paragraph in the prospectus issued by the company's bankers last week.
The comment concerned plans for a new office employing some 100 people in Dublin, Ireland which, taken in conjunction with an earlier observation by a Betfair spokesman, has triggered some speculation.
The spokesman noted that competitors based offshore enjoyed the advantage of lower taxes than those levied in Britain, yet still have access to UK punters via 'white listing' arrangements regarding advertising.
It's a situation that has frustrated other UK gambling groups and one that saw Ladbrokes and William Hill Online depart for Gibraltar and a more benevolent tax regime earlier this year.
So far, Betfair has been adamant that it has no immediate plans to join the offshore exodus, but it has pointed out that if there is no movement on the manner in which offshore bookmakers are treated under UK regulations, it has no alternative but to ensure it has in place “...the right contingencies to run the business effectively".
Some observers have noted that the prospectus refers to the Dublin office as providing "...the Betfair proup with additional flexibility as the regulatory environment evolves", interpreting that as an expression of interest in what the British government does about addressing the threats to UK-licensed companies by offshore based competitors with access to UK advertising.
The government's DCMS (Department for Culture, Media and Sport) is currently engaged in an internet gambling consultation which began in March.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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