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Major UK Gambling Companies Heading Offshore

Comments by senior executives and industry speculation earlier this year that major UK gambling companies may be headed to kinder tax climes appear to have been confirmed over the weekend with reports in several major UK newspapers.
 
The reports, which received widespread publicity, suggest that two of the biggest Brit bookmakers, William Hill and Ladbrokes, are expected to unveil plans to shift their online sports and phone betting operations to offshore tax havens.
 
William Hill chief executive Ralph Topping has repeatedly voiced the opinion that it is is difficult to compete with offshore-based Internet gambling operations due to the heavier UK tax burden, quoting the UK rate of 15 percent against that of Gibraltar-based rivals which pay only 1.5 percent.
 
The Financial Mail and several other major newspapers report that Topping is expected to confirm that he is moving the online sports and phone betting operations of Will Hill to Gibraltar when the company reports interim results on Tuesday. The bookmaker already has a division based there for online casino-style gambling and has apparently been relocating staff in anticipation of the move.  

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Ladbrokes has been less vociferous, although company sources admitted it would have to respond to any move by William Hill. Ladbrokes will report its interim results on Thursday.
 
The horseracing industry has already expressed fears that such a move by major gambling groups will have a serious impact on the racing industry, with millions of pounds lost from the racing levy while millions more in tax will be lost to the Treasury. Industry bodies have suggested that the government consider moves on offshore operations targeting Brit punters as one way to level the playing field (see previous InfoPowa report).
 
In related news, This is Money reports that William Hill is facing a lawsuit from the Gibraltar-based online gaming company 32Red, which has launched a claim against it, alleging trademark infringement.
 
William Hill runs an online service called 32Vegas, one of a number of websites it acquired in a deal last year with Playtech. But 32Red claims the site is confusing for its customers and wants William Hill to close down the operation. It says it has suffered “loss and damage” as a result of the rival company and hopes to recover funds to compensate for this.
 
A spokesman for William Hill played down the dispute. He said: “This is the kind of claim that is made regularly between businesses. We have been advised that this is not an issue for us and are confident of our position. We will defend our legal rights.”
 
However, William Hill does appear to be taking the 32Red claim seriously. According to the Affiliates United website the company is re-branding 32 Vegas as "...our new, improved and revamped casino brand, 21nova. The launch of 21nova, on August 3rd, will mark a new era in online gaming where the focus of play shifts back to the most important element in online gaming; the player.

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"We have taken our trusted 32Vegas brand and enhanced it to include a second to none game selection, improved around the clock customer support in a variety of languages and a loyalty program which rewards the player for every single wager made. All of these elements combine to pave the way for a new name: 21nova – the New Star in Online Gaming."



Gambling News :

Alegriabet Finally Launches - Our online betting site will deliver a full, market-leading suite of services including pre-match and live betting as well as virtual sports

International Table Tennis Federation in deal with Sportradar. - The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.

NBA odds on Thunder vs. Pacers Game? - This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

Microgame S.p.A. in deal with Prima Networks - Prima Networks, powered by Microgaming, has signed a deal with Microgame S.p.A., the leading Italian gaming service provider.

NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

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