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William Hill To Maintain Gibraltar Employees
Thursday December 19,2013 : WILLIAM HILL TO MAINTAIN GIBRALTAR PRESENCE DESPITE P.O.C. DEVELOPMENTS (Update)
400 jobs on The Rock are involved.
William Hill plc executives told the Reuters news agency Wednesday that despite the coming implementation of the British government's point of consumption tax and secondary licensing on companies wishing to access the UK punter, it would maintain its operations in Gibraltar, where it employs 400 or more people.
The new tax regime could cost the online division of the group tens of millions of pounds, Reuters notes.
Will Hill is one of several major British gambling firms that set up internet operations in Gibraltar, allowing them to access British gamblers while benefiting from a benign local tax regime.
However, Britain is planning to impose an anticipated 15 percent duty on bookmakers' online winnings from British customers with effect from December 2014, a move that is expected to yield around GBP 300 million a year in tax revenues.
The decision by William Hill will please Gibraltar's authorities, who have been concerned that bookmakers could move their online operations out of the territory, depriving the local economy of one of its main income and employment generators.
Meanwhile, as reported in InfoPowa earlier this year, William Hill Online has set up a new office east of London in a new area known as "Tech City," home to a number of hi-tech start-ups.
William Hill execs said that the new office should not be interpreted as a decision to abandon Gibraltar.
"We have over 400 people in Gibraltar, we run our global operations from there," said Andy Lee, managing director of William Hill Online.
"Our staff are very happy there and there are reasons why we will remain there in order to be competitive in this market," he said.
Lee, who is based in Gibraltar, said the aim of the new Tech City office was to tap into a pool of talented engineers and designers available in London, but he added that the team would be limited to around 40 people.
William Hill's main corporate headquarters is in north London.
Like other bookmakers, William Hill is looking forward to the additional business that will be generated by the World Cup football, which will be hosted by Brazil in 2014.
Online gambling group Bwin.Party Digital Entertainment said earlier Wednesday that it expected increased betting during the tournament in June and July.
William Hill managers revealed that the company's developers are working on online and mobile products tailored to suit the busiest World Cup days, when there can be as many as three or four games.
William Hill is a sponsor of the England team, which has qualified for the World Cup. That partnership will allow them access to players for video clips during the tournament which they see as an advantage over betting rivals.
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.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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