..

William Hill Prepares for Tax Fight, Move Off Shore

Written by:
Guest
Published on:
Jul/23/2009

William Hill is understood to be ready to move its online sports and phone betting operations offshore within the next few weeks.

The betting giant already has a division based in Gibraltar for its online gaming operations and recently moved about 90 staff there and to its other offices in Malta, Israel, Bulgaria and the Philippines as it positions itself for the international market.

A company source said any plans to move to an offshore location would be determined by company strategy rather than tax reasons.

But it is no secret that William Hill -- along with other British bookmakers -- feels that having to pay 15 per cent betting tax in the UK rather than offshore rates, which can be as low as 1.5 per cent, puts it at a disadvantage against overseas rivals.

Chief executive Ralph Topping has been openly critical of the present tax regime, describing it as "utterly dopey."

If the company goes ahead and relocates its sports and phone business offshore, other bookmakers are likely to follow suit.

A spokesman for rival Ladbrokes said that while it was keen to remain a British company, if William Hill moved offshore it would have to respond.

At present, about ten per cent of Ladbrokes" revenue is generated offshore.

Gambling News

What Are The Odds to Win - Individual Archery - Athletics - Tokyo Olympics

What Are The Odds to Win - Individual Archery - Athletics - Tokyo Olympics

Brady Ellison of the USA is the favorite to win the Men's Individual Archery event with a payout potential of $160 for every $100 bet and An San of South Korea pays $115 for every $100 bet to win among the Women.

4 Nats Players, 8 Staffers Test Positive, Game vs Phils Wednesday Night Postponed

4 Nats Players, 8 Staffers Test Positive, Game vs Phils Wednesday Night Postponed

Four Washington Nationals players and eight staffers have tested positive for COVID-19, forcing Major League Baseball to postpone their game against the Philadelphia Phillies on Wednesday night.

What is Micro Betting When It Comes to Sporting Events?

What is Micro Betting When It Comes to Sporting Events?

“With a micro bet, you can bet on every pitch and at-bat in baseball, every drive in an NFL game—every betting opportunity that happens while the game’s in play,” said Chris Bevilacqua, CEO of Simplebet.  Plus DC rolls out sports betting kiosks in bars and SBC announces Book With Confidence plan as in-person events return.

How Does a Bookie Make Money

How Does a Bookie Make Money

Bookies make money on the vig, a built-in commission that is short for the word "vigorish" and is sometimes referred to as "juice".  This is generally a 10% cut, but that percentage could be much higher. 

Football Legend Marshawn Lynch Named BetMGM Brand Ambassador

Football Legend Marshawn Lynch Named BetMGM Brand Ambassador

“Beast Mode” partnership includes BetMGM promotional opportunities, fan events, and more.

Syndicate