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Gibraltar in talks with UK on POC Tax

Thursday October 24,2013 : GIBRALTAR GOVT IN TALKS WITH UK TREASURY ON UK POC TAX
 
No plans to initiate legal action, prefers to hammer out a deal with the UK Government
 
Despite numerous media reports on the Gibraltar Government's supposed leaning towards taking legal action against the British Government regarding the imminent application of a point-of-consumption tax, Chief Minister Fabian Picardo ruled out that prospect at a gaming industry briefing held in London earlier this week.
 
The Gibraltar Times reports Picardo, while addressing a top-level gathering of executives, saying Gibraltar has urged the British Government to work with it in hammering out a solution and that Gibraltar is in ongoing discussions with the UK Treasury regarding the issue.
 
He, however, didn't rule out the same for the Gibraltar Betting and Gaming Association (GBGA) saying: “Of course, although the Government of Gibraltar will not be in any way involved in legal action against Her Majesty’s Government of the United Kingdom, we keep a careful eye on what it is that we are advised by those who advise the GBGA may be the legal issues that arise,” he said.
 
Gibraltar Minister of Finance Albert Isola, who earlier addressed the delegation of gaming executives, government officials, MP's and lawyers, reiterated the Gibraltar Government's underlying commitment to a high standard of regulation of the online gaming space saying:
 
"Gambling and remote gambling have always been contentious and politically sensitive issues.
 
“These are amongst the many reasons why Gibraltar has, for 20 years, taken a particularly cautious and conservative approach to who it allows to operate under our licensing regime, and why we set down such strict criteria as to how they establish and conduct those operations.
 
“In simple terms, no one has ever been able to get a licence in Gibraltar unless their reputation is worth as much to them as ours does to us.”

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Gambling News :

Pokerstars Bahamas Main and High Roller Results - The inaugural PokerStars Championship Bahamas saw two big winners crowned this weekend when Christian Harder won the main event for $429,664 and Luc Greenwood took home $779,268 after taking down the $25,750 High Roller event.

Rodrigo Duterte has identified illegal gambling as his third priority - Illegal online gambling operators can anticipate tougher times in the Philippines following a directive from President Rodrigo Duterte that stamping out illegal gambling is his third most important goal after illegal drugs and government corruption.

High Hopes For Pennsylvania Online Gambling - Pennsylvania state politicians have wasted no time in getting back to work in the new legislative season, and there is renewed hope for a gambling expansion bill that includes online gambling and daily fantasy sports.

WILLIAM HILL ACCUSED OF QUESTIONABLE MARKETING TACTICS - British Labour member of parliament for Swansea East, Carolyn Harris, has described as "appalling" player-poaching techniques allegedly encouraged by the online and land bookmaker William Hill plc.

GoWild has announced the launch of its own new gaming platform - The European online gambling group GoWild has announced the launch of its own new gaming platform, providing entertainment in addition to its Microgaming games, which will now be delivered via the Quickfire platform.

UK Government Introduces Mandatory horseracing levy - The levy kicks in after the first GBP 500,000 in gross revenue has been earned by online and retail bookmaking firms and other betting organizations.

Chinese Arrested in Philippines Invalid - Representing the thirty-nine plaintiffs, defense lawyer Irene Bianca B. Distura claimed that the warrant that led to her clients’ apprehension is “invalid.”

NJ Warns No Federal Online Gambling Ban - New Jersey Senator and gubernatorial candidate Raymond Lesniak warned that any attempt to overturn a 2011 Department of Justice opinion that the federal Wire Act exclusively governs sports betting would be met with a hard-nosed reaction from his state.

Casino du Liban To Launch new online gambling platform - The venture will be in partnership with an unnamed international company, and a tender has already been launched with a deadline of January 19 to submit the proposals.

Winstar slot Pays Big Jackpot - One very fortunate online punter in Bermuda has scored a major win on the Winstar slot at the PokerStars online casino, collecting a $825,037 jackpot.

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