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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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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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