Taxation High on UK Online Casino Agenda
By Daniel Magill
Peter Dean, Chairman of the British Gambling Commission, is claiming that the future success of online casinos in the UK depends hugely on taxation decisions made by Treasury. Speaking to the Financial Times, Dean suggested that setting a favourable taxation rate was crucial to entice offshore-based operators back to the UK, thereby stimulating the growth of the business within Britain.

Many online casinos currently base themselves in Gibraltar or the Caribbean, however since the British Gambling Act of 2005, the UK has been keen to bring lost business back to its shores.

Dean told the Financial Times, “The tax rate must support the new Gambling Act. If foreign online casinos are deterred from entering the UK, many casino fans will be forced to play at sites outside the government’s regulation. The responsibility to ensure safe and secure gambling at online casinos for British casino players lies with the Treasury and the government’s Department of Culture, Media and Sport.”

 
 
 
 
 
Online Casino News.com 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.