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Gambling Firms To Fight New Uk Law
Wednesday January 30,2013 : GIBRALTAR ONLINE GAMING FIRMS PLAN FIGHT AGAINST NEW UK LAW
GBP 500,000 war chest available for litigation against the UK's proposed new point-of-consumptionp licensing and tax regime
The UK government's intention to impose taxation and secondary licensing on offshore internet gambling operators wishing to access the British market faces some tough opponents.
On Tuesday the Gibraltar Betting and Gaming Association confirmed that it will if necessary launch litigation to prevent the British from implementing their 'point-of-consumption-based' plans in December 2014.
The GBGA constitutes a formidable threat, comprising many of the major online gambling groups operating from the tax-friendly Gibraltar jurisdiction.
In its statement the Association appeals to the Department of Culture Media and Sport to call off its plans to introduce the new regime...and it gave notice that it is serious in its intention to fight the bill, advising:
“In the event that the Government determines to proceed with the proposed legislation and fiscal reforms, the GBGA will regrettably have little alternative but to institute judicial review proceedings to challenge these measures.”
The Association has the necessary financial clout to make good on this threat, having raised a GBP 500,000 war chest from its 24 member companies for the fight.
The GBGA characterised the proposed changes as discriminatory and disproportionate, and said they were based on a flawed perception of the competitive threat to British-licensed companies.
The Association also invoked European Union law, saying that the UK changes were both badly timed and “unlawful in terms of EU, national and international law and are liable to successful legal challenge.”
The UK changes could not only be construed as unfair state aid for British companies, but would also have a profound negative impact on the economy of Gibraltar in terms of employment and Gibraltar government taxes, the Association pointed out.
The Gibraltar Regulatory Authority also raised objections to the UK's intentions; with chief regulator Phill Brear claiming that the proposals contradicted reality, research and the evidence base. Brear noted that over half the online gambling companies that would be affected by the new law were based in Gibraltar.
The DCMS Select Committee hearing conducted in London on Tuesday heard a wide range of evidence from a variety of interested parties and is to report on its conclusions, which are nevertheless not binding on government.
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.
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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