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Uk Getting Tough With offshore online gambling companies

4/12/10 - UK Wired News reports that offshore online gambling companies wishing to maintain access to the British online gambling market must expect to pay the price to do so.
 
That price, according to the publication, will be 10 percent of gross profits paid into the UK horse racing levy.
 
The Labour government is poised to announce a crackdown on offshore bookmakers, the publication asserts, and much of that effort will be directed to closing the loophole that allows companies registered overseas to avoid contributing to the UK horseracing Levy.
 
The new measures would force offshore bookies to provide millions of pounds to help shore up the racing industry and tackle corruption in the sport.
 
Bookies may fare better under the Conservative Party, which is on record as saying that the Levy is "outdated", while the Lib Dems said Labour had failed to get to grips with the real issue.
 
Labour's pledge to raid the pockets of offshore bookies to bolster the Levy was timed to coincide with Saturday's Grand National spectacular at Aintree, the British gambling industry's most lucrative day of the year.
 
At the moment, only British-registered betting companies - both on and off-course, and including the Tote - have to pay the 10 percent tax, which the Horserace Betting Levy Board distributes with the goal of improving the ancient sport in Britain. More than half of the annual prize money offered in the sport in Britain is funded from the Levy, as well as a variety of other schemes and education programmes.
 
In 2009 the Levy made a GBP 4.5 million loss as British bookmakers William Hill and Ladbrokes both moved their online operations offshore . A William Hill spokesman said that the move had been made to avoid the 15 percent taxation rate on gambling profits in the UK which made it difficult to compete with other online gambling comapnies not so burdened.
 
William Hill spokesman David Hood, said: "When you take the 15 percent tax and 10 percent levy together, that's 25 pence out of every GBP1 we win going straight out of the door," but added that the company does pay the 10 percent Levy on all horseracing bets at its 2500 land betting shops in the UK.
 
In Gibraltar, where both companies relocated their online betting divisions, tax payments can be cut down to 2 percent or less.
 
The plans will be included in Labour's general election manifesto and will be implemented if the party is returned to power on 6 May.
 
The UK Secretary for Sports, Gerry Sutcliffe said: "These plans will also help protect British jobs by assisting British betting operators who to date have remained in the country and pay their fair share to racing. They will no longer face an uneven playing field."
 
Nic Coward, the chief executive of the British Horseracing Authority, said they would push whichever party comes into government to deliver on their pledges. "Everyone in British horseracing welcomes this firm commitment to ensure that the sport receives the fair return from the betting activity it generates," he said.



Gambling News :

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.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

ACR $1,400,000 High Five Tournament Series - It has five added tournaments a day for five straight days, with the $420k Main Event on the final day. There are Texas hold’em and PLO game types, and tons of structures.a

Microgaming named in The 10 coolest offices of 2017 - Microgaming named in The 10 coolest offices of 2017 Microgaming’s new HQ has been named in ‘The 10 coolest offices of 2017*’ in the UK, featuring alongside some of the biggest consumer brands.

$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.

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