..

United Kingdom Wants to Force Offshore Gambling Operators to Pay Horse Racing Levy

Written by:
Aaron Goldstein
Published on:
Jul/14/2011
Horse Racing Levy

In the wake of the Full Tilt Poker scandal, the United Kingdom is set to begin requiring offshore/online gambling enterprises to obtain licenses before they can target British citizens.  Furthermore, some officials want these businesses to pay a steep horse racing levy.

Full Tilt Poker had its license revoked July 1 by the Alderney Gaming Control Commission, forcing a shutdown of the troubled online poker firm and leaving customers unable to get paid.

The heritage minister, John Penrose said late Wednesday during an appearance before MPs: "We are intending to move as fast as we can towards a system which will fix the problem of offshore betting.

"We plan to move to a system which will switch away from the current organisation which has driven many bookmakers offshore.”

Regulation would focus on the point of consumption, or the UK bettor, as opposed to the production, Penrose suggested. 

"It means anybody based anywhere in the world who wants to sell gambling services to any consumer based in the UK will, in future, have to have a Gambling Commission licence."

Advertisement: Best Horse Racing Odds Guaranteed - USA Customers Prohibited 

williamhill.com

More ominous for those bookmakers working within the letter of the law, UK officials have suggested companies will be forced to pay a betting levy to the Government.  This would essentially mean that companies like William Hill, Victor Chandler and Ladbrokes would no longer escape paying steep taxes through setting up operations in neighboring channel islands like Alderney.  William Hill last year moved much of its telephone call center business offshore to avoid a horse racing betting levy.

"We need a level playing field by ensuring all gambling in the UK pays UK tax and UK levy," said Conservative MP Matthew Hancock.

Penrose agreed reform was needed.

"The levy as it currently stands is broken," he said. "It does not work and people on all sides – whether in the gambling industry or in racing – are pretty united in their criticism of it."

- Aaron Goldstein, Gambling911.com

Gambling News

Where Can I Bet Sports Near Orlando

You are currently able to bet sports from the Orlando area by simply providing your name and phone number. 

Chinese Casino Hub Macau’s Elite Choose New Leader

An elite pro-Beijing panel on Sunday chose a new leader for the Chinese casino gambling hub Macau.

Diamond Jo FanDuel Sportsbook in Iowa to Open August 29

Diamond Jo FanDuel Sportsbook in Iowa to Open August 29

FanDuel has announced the grand opening of its retail sportsbook at Diamond Jo Casino in Northwood, Iowa, an hour south of Rochester, Minnesota.

Gambling and Sports Betting News Wire - August 25 2019

Here are today's headlines in the world of gambling and sports betting as they happen - Sunday August 25, 2019.

Sports Betting Competitiveness State-By-State Ratings (A Gambling911 Exclusive)

Sports Betting Competitiveness State-By-State Ratings (A Gambling911 Exclusive)

This analysis rates each state based on its ability to compete in the regulated sports betting sector utilizing current metrics such as product offerings/restrictions, remote/mobile access, retail reach as well as regulatory strangleholds, which could serve to hinder market growth.

Syndicate