The Future of the Remote Gambling Market
By staff
Participants at the recent (iGGBA) conference, “The Future of the Remote Gambling Market”, have expressed worry about whether the Gambling Bill will see the light of day in 2004. Surveys conducted during the event revealed that over 60% of attendees felt that the Bill would not be introduced this year.

“Clearly the other aspects of the Bill such as casinos and the gaming industry are bogging down efforts to gain momentum behind the bill. This is worrying for UK consumers who currently have no UK based offering for remote gambling” stated Andrew Tottenham, Chairman of iGGBA.

Survey participants’ viewpoints varied on a number of other key issues. For instance, many felt that the EU, should it legislate, should adopt a country of origin approach to licensing remote gambling operators. A full 61.9% wanted to see this type of regime in place as opposed to outright harmonisation of remote gambling law. On tax, a majority identified Gaming Duty/GPT to be the most sensitive tax item for their business (as opposed to VAT or corporate tax). Moreover, over 60% of survey replies believe that a 5% or greater tax rate would prevent offshore remote gambling companies considering the UK as a possible license jurisdiction. However, a majority of participants did say that if the conditions were right, including more competitive tax rates and licensing costs a significant number of offshore companies may relocate to the UK.

On customer payment issues, more than half of the survey participants indicated that the best solution to payment problems would be to allow for customers’ winnings to be paid back to their cards. Commenting on advertising, the majority of respondents believe that in the future less than 50% of revenues will have to be spent on advertising and marketing. Finally, on technology, most of the survey participants foresee Broadband Internet services to be main catalyst for remote gambling uptake as opposed to iTV or 3G.

For further questions or complete results please contact the iGGBA Secretariat:

+44 20 7620 2770 or via email at info@iggba.co.uk.

 
 
 
 
 
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