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Advertising in the UK is about to get more difficult

Thursday, June 9, 2011 : Advertising in the UK is about to get more difficult for offshore gambling companies
After months of veiled threats that offshore internet gambling companies wishing to advertise their services to UK players may have to pay Brit taxes, the likelihood of such a development loomed larger this week.
UK media report that an unidentified "senior government source" has leaked the news that the British government intends soon to ban advertising in the UK for online gaming operators based offshore, and to call a halt to the use of UK credit cards used by punters on offshore gambling websites.
The leak, which may be a deliberate move to test reactions, follows discussions between British licensed gambling companies and the government last year, and a government enquiry into the industry and the use of UK advertising by companies that are not licensed by the UK Gambling Commission and operate from offshore bases, denying the UK taxman his cut.
British-licensed operators have complained that the present situation leaves them at a competitive disadvantage to offshore rivals due to the higher tax they pay.
Several major UK gambling groups have moved their internet operations offshore in order to better compete.
One possible solution mentioned last year was to do away with the present "white list" of acceptable jurisdictions and instead require a form of "secondary licensing" in the UK which would make offshore companies responsible to the Gambling Commission and liable for taxation.
There has as yet been no official government statement on the findings of the enquiry or firm government intentions.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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