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UK Treasury on a secondary licensing fee
Monday, November 28,2011 : SECOND THOUGHTS ON SECONDARY TAXING OF ONLINE OPERATORS (Update)
Deloitte report may give pause for consideration
The UK Treasury is due to complete its review into the GBP1.7 billion British online gambling market next week, and will almost certainly recommend that a secondary licensing fee be imposed on offshore remote gaming companies wishing to access the UK market.
Clearly with this prospect on its radar, gambling group William Hill plc, which has a more than 10 percent share of the UK market, recently commissioned its own review, conducted by the respected professional business services provider Deloittes.
The results published this week are interesting; the study indicates that secondary taxation at the point of consumption could lead to 40 percent of punters using unauthorized (and untaxed) operators, as more reputable companies exit the scene.
Deloittes estimates that any additional tax burden will grow the black market, and that a 15 percent British tax could result in two-fifths of legitimate firms departing the UK market, thus forcing Brit players to use more dodgy internet operators taking their chances with the authorities.
A spokesman for William Hill told The Independent newspaper this week: "The question for the Government is, should it introduce policy which distorts markets?"
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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)
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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