British Tax Havens Embrace Online Gaming
By sam
Alderney, an English Channel island, will be taking applications this Wednesday for six new online gaming licenses according to Moran Chapman, chief executive for the Alderney Gambling Control Commission.

This will make Alderney the second British island to hit the headlines for Internet gambling. The Isle of Man has already considered 11 applicants, including MGM Mirage for three online gaming licenses, which will be issued later on this year.

“It’s not a race,” said Chapman. “It’s a global industry. All sorts of people will become involved in one shape or another.”

Alderney would charge an annual fee of $108,600 for three years to successful applicants, they would also have to pay a corporate tax of 20 percent. The Isle of Man will charge $116,000 per annum plus a 2.5 percent tax on all gross gambling profits, but no corporate tax.

Derek Cannon, gaming inspector at the Isle of Man said that the island government will regulate the online casinos with new dedicated legislation.

Online Casino provides online gamblers with information on online casino gambling, sports betting tips, wining casino tips, internet casino reviews, sports odds, matchups, results, editorial and much, much more… We also have an industry insider’s section including Internet gaming press releases, a calendar of events and gaming industry news.
Bluff Europe: Europe's leading Poker Magazine brings you the latest Poker News, Player Interviews and all the best Online Poker offers Poker in the Park: Europe's largest Poker Festival.