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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.



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$75K Win on Mobile Slot @ CafeCasino - Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.

Microgaming’s The Phantom of the Opera online slot live today - Available to Microgaming and Quickfire operators, The Phantom of the Opera online slot goes live Wednesday 1 November 2017.

2017 Punta Cana Poker Classic Results - The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.

NHL Odds: Winnipeg Jets vs. Minnesota Wild - Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.

Historic weekend at Americas CardRoom - ACR ran two $1,000,000 guaranteed tournaments last Sunday for the first time in their history; a $2,100 high roller for the BOSS Main Event and a $540 buy-in Million Dollar Sunday. They were both on the last day of the $14 Million OSS Cub3d.

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