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Uk Gambling Changes to tax and regulations too costly
Monday April 7,2014 : BRIT BOOKIES APPEAL TO P.M.
Changes to tax and regulations too costly.
Against a backdrop of media reports claiming that a UK government clampdown on bookies is shaping up , the Association of British Bookmakers wrote to prime minister David Cameron Monday, warning that heavy taxation and regulatory changes could put hundreds of jobs in the industry at risk.
The letter claims that changes to tax and regulations on Fixed Odds Betting Terminals would cost the industry GBP 350 million a year and put more than 2,000 betting shops out of business.
In last month's Budget, Chancellor George Osborn announced that taxation on the machines will rise to 25 percent of their takings, up from 20 percent next year, costing bookmakers around GBP 75 million a year.
In addition, the government now has reservations about voluntary warnings introduced by bookmakers last month, and wants to make these tougher and mandatory, perhaps being integrated with licensing conditions.
"We have asked the Gambling Commission to consider whether the GBP 250 and 30 minute limits before a pop-up message appears are too high and too long," said a spokesman for the Department for Culture, Media and Sport, referring to measures brought in by bookmakers voluntarily a month ago.
"We want a successful gambling industry but not at the expense of player protection and will announce our plans on this soon," the spokesman added.
Allied to the point-of-consumption tax on remote gambling operators accessing the British punter, the new developments are creating more pressure on bookies to cut costs.
Top bookies like William Hill and Ladbrokes say there is no evidence to support claims that FOBTs are causing an increase in problem gambling.
The Reuters news agency reports that the Association of British Bookmakers letter emphasised that the industry had cooperated with the government on concerns over FOBTs.
"This dialogue has made the unexpected and punitive measures recently announced in the Budget, even more difficult to comprehend," said the letter, signed by industry figures including the chief executives of William Hill, Ladbrokes and Ireland's Paddy Power.
"It is often forgotten that we are the only sector that pays more in tax than we make in profit and contribute GBP 1 billion to the Exchequer," it added.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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