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There has been continued speculation this week on whether one of Britain's biggest online and land gambling groups, William Hill plc, is getting set to move its online operations out of the UK. It's a frequently raised possibility triggered by rising taxes and competition.
Adding weight to the rumours this week was an interview given to the Financial Times by Will Hill's CEO Ralph Topping.
 “We face worldwide competition from 400 or so English-language betting websites," the executive said. "In these circumstances, clearly we do not have the luxury of being parochial about our future or taking a simplistic stance on complicated issues.”
Topping went on to cite competitive pressure from low-tax jurisdiction rivals such as Paddy Power and Bwin, triggering renewed rumours that the UK company was seriously considering moving its key telephone and Internet betting operations offshore. Topping has in the past commented that he sees considerable potential in Internet operations, and these have seen significant expansion, most recently involving Orbis and Playtech.
Topping has previously voiced his frustration at having to pay UK tax of 15 percent whilst competitors like Paddy Power pay 1,5 percent in Ireland.
The Financial Mail was told that competition was the reason for the company's decision to close 20 betting shops in the UK this year and freeze pay rises for its 16 000 employees.
Approached for comment by the FT, UK government spokesmen said the government would be "very disappointed" if groups like William Hill moved offshore, and assured the newspaper that a review of remote gambling rules was in progress in order to ensure a more level playing field.
Going back to 2005/6 when the reformation of British gambling law was in its initial stages, many online gambling operators were enthusiastic about using the UK as a licensing jurisdiction and were prepared to be examined by the proposed regulator.  However, it was repeatedly pointed out that if the UK government set too high a tax level, there would be little incentive to change from jurisdictions like Gibraltar and the Isle of Man.  In the event, then Chancellor Gordon Brown set a 15 percent taxation rate, which effectively discouraged most operators from relocating to the UK.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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