90 Will Hill jobs to go overseas


The press conference following the release of William Hill plc's latest financial results revealed some interesting relocation possibilities for the UK gambling group. The Times was the first to pick up on a reference to relocation by CEO Ralph Topping that might hint at a move of the land and online gambling giant to Gibraltar, already a popular, white-listed, low-tax domicile for major gambling companies.

Topping said that the company was relocating 90 jobs in its online sportsbook operation overseas, mainly to Gibraltar - a move that The Times interpreted as a warning to the British Treasury.

Topping apparently described the current British tax regime as “absolutely dopey”, saying that, while British-based Web operations paid a 15 percent gross profits tax and a 10 percent racing industry levy, offshore operators paid as little as 1.5 percent in tax.

Asked whether William Hill, which has beefed up its online operations in recent months through deals with Orbis Technology and Playtech, could move offshore,Topping replied: “It's reviewed every year.”

The Times speculates that such a move offshore by a major outfit like Will Hill could spark an exodus from the UK similar to that seen after Victor Chandler moved to Gibraltar to avoid betting tax. Ladbrokes was among those that followed, although it repatriated its business after Gordon Brown scrapped betting duty in 2001, when he was Chancellor.

General Gambling News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

4mins ago someone from Egypt played Quick Hit Platinum

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    27
  • Members Online
    317
  • Guests
    1,792
Highest Community Rated Online Casinos
NextCasino
  (142 Ratings)
Bet365 Games
  (160 Ratings)
Unibet Casino
  (124 Ratings)
CasinoLuck
  (215 Ratings)
Betsson Casino
  (204 Ratings)
Redbet Casino
  (136 Ratings)
Spin Palace Casino
  (111 Ratings)
Mr Green Casino
  (271 Ratings)
Betsafe Casino
  (177 Ratings)
Slotty Vegas
  (102 Ratings)
32 Red Casino
  (294 Ratings)
Guts Casino
  (167 Ratings)
Liberty Slots Casino
  (171 Ratings)
Winner Casino
  (329 Ratings)
Sin City Casino
  (93 Ratings)
BitCasino.io
  (166 Ratings)
ComeOn Casino
  (231 Ratings)
Vera John Casino
  (168 Ratings)
Intertops Red Casino
  (117 Ratings)
Intertops Casino Classic
  (106 Ratings)
BETAT Casino
  (188 Ratings)
Thrills Casino
  (125 Ratings)
Casumo
  (128 Ratings)
Ladbrokes Casino
  (148 Ratings)
Royal Vegas Casino
  (128 Ratings)
Jetbull Casino
  (100 Ratings)
Slotland
  (291 Ratings)
Whitebet Casino
  (87 Ratings)
InterCasino
  (131 Ratings)
Betfair Casino
  (201 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus