No Deposit Bonus : SlotsLv online casino is offering all of our readers a $22 no deposit bonus code. You must be a new player never having had an account at SlotsLv before. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
$500 Casino Bonus : All USA Players Welcome: Bovada Casino formally known as Bodog. Just a name change nothing else. Offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
RecentPoker.com Exclusive Buzzluck Offer
Buzzluck Casino allows all USA and WorldWide Players
WARNING ON UK INTERNET GAMBLING SECONDARY LICENSING AND TAX
01/03/2012 : Independent survey says online gambling tax plans may drive punters to unregulated sites.
With momentum in the UK building for a 'secondary licensing' regime and taxes, the William Hill gambling group has gone on the offensive as the new year starts, again drawing attention to an independent survey it commissioned.
The study, conducted by respected international professional services group Deloitte, found that the British government's proposals for a point of consumption tax on online gambling could backfire, with punters driven to unregulated sites, and smaller operators forced out of the market.
Deloitte concluded that levying such a tax at 10 percent would seriously hurt the government’s “consumer protection policy objectives”. It additionally found that as much as 27 percent of current revenues would disappear into the “grey”, or unregulated, market. And at 15 percent tax, that figure rises to 40 percent.
The survey found that the most marginal operators, accounting for up to 13 percent of UK online bets, could be “expected to exit following the introduction of a 5 percent tax”. That would not only push more UK punters into the unregulated market, but there would also be a knock-on effect on gambling companies’ revenues and marketing spend, hitting both corporation taxes and sports sponsorship.
William Hill has submitted the report to the Treasury, which is reviewing a possible new tax regime for remote gambling.
The Telegraph newspaper, reporting on the Deloitte study, says that UK consumers currently spend about GBP 1.7 billion a year – roughly 18 percent of total UK gambling revenues – with online gambling companies. At present many companies - including William Hill plc - escape the 15 percent gross profits tax levied in the UK by locating their internet operations in tax havens like Gibraltar, Malta, Alderney and the Isle of Man.
The new proposal would see any operator wishing to access the UK market being required to take out UK licensing and pay an as yet unquantified UK tax rate, on grounds that online gambling takes place at the point of consumption i.e. the player's hardware.
Deloitte points to the US, France and Italy in illustrating that attempts to control online gambling have “failed to prevent the emergence of a large unregulated sector”, not least because of the difficulties of introducing enforcement mechanisms such as blocking internet service providers or types of financial transactions.
Ralph Topping, chief executive at William Hill, told the Telegraph: “Money will always find a way out. More people will go overseas or to fly-by-night, unregulated sites where the consumer is not protected. I hope the Government sees sense on this.”
Assuming “ineffective enforcement”, Deloitte finds that a 15 percent tax rate would bring in incremental tax of GBP 116 million after adjusting for a GBP 57 million fall to GBP 76 million in corporation tax. That would be at the price, however, of exposing many more consumers to unregulated, and possibly unsafe, gambling sites.
A Treasury spokesman said: “Responses to the review are in and are being analysed.”
Recent Gambling News :
Wild Crystal Arrows Slot -
The game is a five-reel, 15-payline offer featuring a moving Wild symbol, 10 free spins triggered by landing three or more arrows and, if the arrows collide on the reels - a multiplier of up to 500 x the stake.
Churchill Downs Completes Big Fish Games Acquisition -
The acquisition will expedite CDI’s expansion into the mobile and online games industry providing “new products, new customers, new geographies and new sizeable growth opportunities,” Bill Carstanjen, chief executive officer for CDI said earlier this year.
Leander Games In Deal With Bear Group Limited -
Platform provider Leander Games latest content supply deal will see it integrate both proprietary and third party developer game titles on Spin Genie, an online gaming site operated by Bear Group Limited.
Draglings Slot Launched -
The mythical game offers 20 + 20 paylines oriented from the left and right, spread over a diamond shaped window with 3, 4, or 5 symbols per reel.
Ourgame Gets WPT Branding Rights in Asia -
Under the terms of the deal, Ourgame will have the right to use the World Poker Tour (WPT) logo and trademark exclusively in Bhutan, Cambodia, China, Hong Kong, Indonesia, Laos, Korea, Nepal, Macau, Malaysia, Taiwan, Thailand, Philippines, and Vietnam. They will also have non-exclusive rights in Japan.
University of Las Vegas study needs poker player input -
US online poker fans currently have an opportunity to voice their opinions on government regulation of the game through a University of Las Vegas study being supervised by Professor Bradley S. Wimmer of the university's Lee Business School.
Equity Poker network Reporting DDOS Attacks -
A statement from the network Tuesday revealed that: "DDOS attacks at EPN have occurred intermittently across the past six weeks, causing some short-term disruptions to Network connectivity and frustrating poker room outages."
Tabcorp Looking For Leave to Appeal In Victoria Court Case -
Australian land and online gambling giant Tabcorp Holdings has announced that it intends to request special leave to appeal to the High Court of Australia in respect of a judgment of the Court of Appeal of the Supreme Court of Victoria handed down on 4 December 2014
Drug Addiction and Gambling Linked -
Similarities in addictive behaviour involving drugs and gambling have prompted Czech Republic problem gambling specialists to link the two in a new experiment set to run through March 2019, at which point its impact will be evaluated..
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.