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Secondary licensing for offshore online gambling companies

Wednesday, November 23, 2011 : UK SECONDARY LICENSING FOR ONLINE GAMBLING LATEST
 
Here's a thought - let's change the definition of where internet gambling takes place....
 
The discussions on secondary licensing for offshore online gambling companies wishing to access the British market continued this week with 20 MPs participating in an adjournment debate arranged by member of parliament Matthew Hancock in Westminster Hall.
 
During the debate an interesting new proposal emerged to bring about more tax revenues for the UK government and levies for the horseracing industry - change the definition of where online gambling takes place from the operator's server to the point of "consumption" ie the player's hardware.
 
Recent precedents for this were reported earlier this year from the North Gauteng High Court in South Africa, which ruled that gambling takes place at the player's end and not the operator's servers, defeating a case by Swaziland operator Casino Enterprises.
 
Hancock, the MP for Newmarket, wants the government to close the tax loopholes enjoyed by offshore bookmakers, reports the Telegraph newspaper.
 
Under current legislation, bookmakers operating offshore – only Coral and Bet365 of the top 20 bookmakers remain onshore – avoid paying both tax and the horseracing Levy on bets taken by phone or over the internet.
 
The idea of closing the loopholes has been on the cards for the past two years but the political process now appears to be accelerating with the involvement of HM Treasury and the Department of Culture, Media and Sport.
 
Hancock wants to include the definition of where online gambling takes place in an annual Finance Bill, although there is a problem with having a regulatory provision like this in such a bill.
 
“There was a strong consensus for bringing gambling back onshore,” Hancock told the newspaper. “We didn’t get a specific commitment from the minister [John Penrose] in terms of timing, but I wasn’t expecting any.
 
“It keeps up the pressure and we got across the cross-party agreement on this so the minister can now argue that any legislation won’t be opposed.
 
“I am confident that it will be done, it’s just a question of when.”
 
Will Lambe, the British Horseracing Authority’s head of external affairs who attended the debate, told the Telegraph: “There is cross-party consensus in Parliament that racing’s funding needs to be put on a fair, enforceable and sustainable footing. We seek a commercial relationship with the betting industry and MPs from all corners of the country, again led by Matt Hancock, were clear about the wider importance of our sport and that this is an issue which needs sorting once and for all.”



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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.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

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.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

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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