UK Regulation Changes Planned

[bonusbetting]

Looks like we might be headed for a tax grab: the UK government is proposing to crack down on offshore sites by requiring all offshore operators to hold a UK Gambling Commission licence.

To be fair, offshore sites do have a competitive advantage to those based in the UK, so I suppose they are trying to level the playing field. However any increased tax will obviously hit returns to players.

Could it mean a lot of people move back from Gibraltar/Malta to the UK?

I'm not really sure what this means for affiliates - it seems likely that we'll be working with fewer brands if the proposals go ahead.

http://www.guardian.co.uk/uk/2011/ju...te-gambling-uk

http://www.telegraph.co.uk/finance/n...crackdown.html

http://online.wsj.com/article/BT-CO-...14-708893.html

[baldidiot]

This has been on the cards for a while, and I'm surprised it's taken this long - especially seeing how much money it's costing the UK to have all of the companies offshore.