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Yesterday's announcement that the William Hill plc group is to move its online betting operations to Gibraltar  continued to excite speculation today (Wednesday) with mainstream media all commenting on the possibility of an exodus of other gambling groups seeking a more benevolent tax regime.
The Guardian newspaper reported that Britain's biggest online bookmakers are drawing up plans for a mass exodus from the country to gambling-friendly tax havens such as Gibraltar, Malta and the Isle of Man.

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Other publications commented on the impact of a general move on government tax and horseracing levies, speculating that major gambling groups like Ladbrokes, Gala Coral and even government owned the Tote must be weighing their options if they wanted to remain competitive following William Hill seizing the initiative. 
Ladbrokes has already commented that it would obviously have to consider the implications, although no decision has yet been reached.  The company is due to release results tomorrow (Thursday) which many observers feel would be a convenient time to announce its own plans, if any, to move offshore.
The Tote, presently owned by the government, has acknowledged that its position is complicated but that it would not want to be left as the "last man standing", paying UK betting tax at 15 percent of gross profits if its rivals were paying 1.5 percent offshore.
Betfair's reaction will also be watched with interest when it releases its annual results later today (Wednesday).
More departures could be embarrassing for the government, which is already engaged in a review of the Gambling Act.  The Guardian points out that bookmakers were granted significant tax breaks eight years ago in a "gentleman's agreement" under which major chains pledged to repatriate their embryonic offshore internet and telephone betting businesses and pay UK taxes on them.
A Treasury spokesman said: "We recognise that this is a commercial decision for William Hill but we are very disappointed."
William Hill chief executive Ralph Topping remained unrepentant, suggesting that technological advances had in effect left the deal unsustainable. "The people who shook hands on that deal lacked the foresight to see how the internet would develop," he told The Guardian. William Hill's telephone betting unit had lost out to offshore rivals and could be forced to close one of two British call centres, he said. "By being loyal to the UK we have seen our telephone business destroyed … We are not hanging around to see if the same will happen to online."
Yesterday  the firm posted another double-digit rise in gross win from its controversial touch-screen roulette machines in betting shops for the first half of 2008.
Roulette machines were made viable for bookmakers by the 2001 Treasury pact and provided an unexpected eight-year gold rush for William Hill and others. For the first six months of the year machines accounted for 41 percent of William Hill's betting shop gross win — GBP 161 million — with their contribution to profits thought to be far greater.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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