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Will The UK Ban Free Slot SPins
Sunday May 8,2016 : THE END OF FREE SPINS IN THE U.K?
British Chancellor's speech is causing a rethink on incentives and rewards.
The British government's intention to tighten tax laws calculated on free plays is reportedly giving online gambling operators already feeling the pain of the p.o.c. tax food for thought on the ubiquitous use of the Free Spin as a marketing, incentive and loyalty tool.
In a speech earlier this year Chancellor George Osborne said that from August 2017 online casino and bingo operators will have to pay tax on free plays in order to bring them into line with the sports book and racing gambling sectors, which already pay tax on discounted and free bets under the General Betting Duty.
Osborne's speech was confirmed by a budget document which noted:
“Remote gaming operators currently benefit from a more generous tax treatment when they offer discounted or free gambling (‘freeplays’) to customers in Remote Gaming Duty than would be the case for operators offering free bets on things like football and horseracing.
“The government will therefore amend the tax treatment of freeplays in Remote Gaming Duty to bring it into line with the tax treatment of free bets in General Betting Duty.”
Whilst the implementation of such changes will initially cost the government around GBP 20 million, it has been estimated it will in the years ahead bring in growing tax revenue that could reach GBP 110 million five years hence...but that's if licensees continue to offer fee plays at the present level, which is unlikely once the new tax provisions kick in.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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