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Will cause significant damage to employment and government revenues
Former Chief Minister, Sir Peter Caruana, has spoken out in an interview with The Times on plans for the UK Government's POC tax saying they will cause significant damage to the economy of Gibraltar.
According to Caruana, who is acting as a consultant to the Gibraltar Betting and Gaming Association, the impact would be huge as 60 percent of online bets in the UK are being placed via Gibraltar-based websites.
The introduction of the UK POC tax could affect up to 1 300 jobs in Gibraltar and knock GBP 20 million off Gibraltar's government revenues, the report said.
The Gibraltar Times cites Sir Peter as saying that “it is a very unhappy coincidence” that the tax move comes as “Gibraltar is at the forefront of online gambling. But this is a global industry that is highly competitive and low margin. People are only one or two clicks away from companies based all over the world.”
“Perversely, if this is pushed through, there will be less protection and the UK’s taxes will be jeopardised,” he added.
In related news, UK Conservative MP, John Whittingdale has told the Commons that Gibraltar would not consider legal action against the UK, following his visit to the island but pointed out that in the Christian Action Research and Education's opinion  “one or two jurisdictions, particularly Gibraltar, operate slightly stronger regulatory conditions than those in the UK. In particular, the Gibraltar rules governing the reporting of suspicion that individuals might have a problem with their gambling habits are slightly stronger.”
“The UK Gambling Commission might want to consider whether it can tighten its licensing conditions, particularly on problem gambling, which is rightly a great concern to everybody who considers gambling and the policies governing it,” Whittingdale reportedly told the Commons during the debate on the UK Gaming Bill.

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Gambling News :

William Hill Chairman Not Stepping Down - There are no plans for Gareth to step down. He is leading the CEO search process, which is well advanced, and is working with Philip Bowcock to deliver the key priorities for the business.

Canadian Lottery Looking at Online Gambling - The reaction of other provinces is not known, but the Newfoundland and Labrador government was apparently less than enthusiastic about the prospect, which it did not regard as a priority.

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2016 Italian Poker Tour main event in Malta - After besting a field of 775, many of them respected aces, Austrian poker pro Ismael Bojang claimed the main prize of Euro 101,940 over the weekend in the eighth edition of the Euro 1,100 buy-in Italian Poker Tour main event in Malta.

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2016 888poker Make It Big Tournament - A relatively unknown Hong Kong poker player, Ka Him Li (21), claimed victory after a two-way chop in the main event at the inaugural 888poker “Make It Big” live poker festival at the Aspers Casino in London over the weekend, earning the top prize of GBP 45,300.

Lightning Box Games in deal with WIlliam Hill - Sydney-based slot design specialist Lightning Box Games has signed an agreement to supply its content to William Hill’s licensed betting offices in the UK.

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