William Hill to move its online operations out of UK ?

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.

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 Canada played California Gold

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h


  • New Members
  • Members Online
  • Guests
Highest Community Rated Online Casinos
Guts Casino
  (333 Ratings)
32 Red Casino
  (616 Ratings)
Lucky Red Casino
  (340 Ratings)
BETAT Casino
  (332 Ratings)
Club USA Casino
  (451 Ratings)
Mr Green Casino
  (431 Ratings)
Buzzluck Casino
  (298 Ratings)
  (290 Ratings)
  (293 Ratings)
Raging Bull
  (244 Ratings)
Bet365 Games
  (287 Ratings)
Casino Adrenaline
  (203 Ratings)
  (291 Ratings)
Unibet Casino
  (259 Ratings)
  (377 Ratings)
  (141 Ratings)
  (128 Ratings)
Betsson Casino
  (359 Ratings)
Redbet Casino
  (266 Ratings)
  (184 Ratings)
Betsafe Casino
  (341 Ratings)
Casino Extreme
  (315 Ratings)
Vera John Casino
  (279 Ratings)
ComeOn Casino
  (392 Ratings)
Bet365 Casino
  (548 Ratings)
Slotty Vegas
  (203 Ratings)
Thrills Casino
  (290 Ratings)
  (216 Ratings)
Sportingbet Casino
  (162 Ratings)
  (487 Ratings)

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