24th of March 2010 Author: Ava Jackuard
Consultation launched on new licence requirements
The UK position of offshore online gambling operators wishing to advertise and promote their products to British players moved into the spotlight this week with the news that the Department for Culture, Media and Sport has launched a consultation on the introduction of new licence requirements for overseas online gambling firms.
The moves follows protests from UK betting and racing companies and authorities that offshore companies accessing the UK market do so at the competitive disadvantage of locally licensed companies due to their low tax position in jurisdictions like Gibraltar, Malta and the Isle of Man.
The appeal of low tax and better competitiveness has seen William Hill and Ladbrokes recently join other major UK betting firms in moving their online gambling divisions offshore.
The consultation relates to an announcement made by Sports Minister Gerry Sutcliffe in January 2010 which noted the situation and advised that a process would be launched to look at secondary licensing possibilities for those companies wishing to continue doing business with UK punters..
The plans, which are subject to a 12 week consultation period, would mean that online operators currently licensed outside Britain will have to apply for a licence from the Gambling Commission if they want to advertise or provide their gambling services to British consumers.
Closing date for responses to the consultation is Friday 18 June 2010
Further details including the consultation papers can be viewed at: http://www.culture.gov.uk/referenc...ns/6743.aspx
General Gambling News
4th of May 2010
20th of December 2010
27th of November 2015
1st of October 2015
24th of September 2015
6th of November 2015
Disclaimer Contact Us Privacy Gambling Help About Us Site Map
LatestCasinoBonuses.com © 2006-2015
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
PLUS join now and get...
100% up to $1000 PLUS 25 free spins! Sponsored by ClubUSA Casino, US OK.
View more information here