Comments by senior executives and industry speculation earlier this year (see previous InfoPowa reports) that major UK gambling companies may be headed to kinder tax climes appear to have been confirmed over the weekend with reports in several major UK newspapers.
The reports, which received widespread publicity, suggest that two of the biggest Brit bookmakers, William Hill and Ladbrokes, are expected to unveil plans to shift their online sports and phone betting operations to offshore tax havens.
William Hill chief executive Ralph Topping has repeatedly voiced the opinion that it is is difficult to compete with offshore-based Internet gambling operations due to the heavier UK tax burden, quoting the UK rate of 15 percent against that of Gibraltar-based rivals which pay only 1.5 percent.
The Financial Mail and several other major newspapers report that Topping is expected to confirm that he is moving the online sports and phone betting operations of Will Hill to Gibraltar when the company reports interim results on Tuesday. The bookmaker already has a division based there for online casino-style gambling and has apparently been relocating staff in anticipation of the move.
Ladbrokes has been less vociferous, although company sources admitted it would have to respond to any move by William Hill. Ladbrokes will report its interim results on Thursday.
The horseracing industry has already expressed fears that such a move by major gambling groups will have a serious impact on the racing industry, with millions of pounds lost from the racing levy while millions more in tax will be lost to the Treasury. Industry bodies have suggested that the government consider moves on offshore operations targeting Brit punters as one way to level the playing field (see previous InfoPowa report).
In related news, This is Money reports that William Hill is facing a lawsuit from the Gibraltar-based online gaming company 32Red, which has launched a claim against it, alleging trademark infringement.
William Hill runs an online service called 32Vegas, one of a number of websites it acquired in a deal last year with Playtech. But 32Red claims the site is confusing for its customers and wants William Hill to close down the operation. It says it has suffered “loss and damage” as a result of the rival company and hopes to recover funds to compensate for this.
A spokesman for William Hill played down the dispute. He said: “This is the kind of claim that is made regularly between businesses. We have been advised that this is not an issue for us and are confident of our position. We will defend our legal rights.”
However, William Hill does appear to be taking the 32Red claim seriously. According to the Affiliates United website the company is re-branding 32 Vegas as "...our new, improved and revamped casino brand, 21nova. The launch of 21nova, on August 3rd, will mark a new era in online gaming where the focus of play shifts back to the most important element in online gaming; the player.
"We have taken our trusted 32Vegas brand and enhanced it to include a second to none game selection, improved around the clock customer support in a variety of languages and a loyalty program which rewards the player for every single wager made. All of these elements combine to pave the way for a new name: 21nova – the New Star in Online Gaming."
All News Categories
- General Gambling News (6828)
- Gambling Law & Society News (3442)
- Casino Games (3044)
- Casino Software (2885)
- Land Based Casino News (447)
- Promotions & Bonuses (263)
- Casino Banking (200)
- Casino Tournaments (110)
- General Poker News (53)
- General Sportsbook News (40)
- General Bingo News (37)
- LCB Approved Casinos (21)
- Casino Warnings (15)
- Bingo Software (11)
- Bingo Games (9)
- Online Poker Tournaments (5)
- Predatory Terms (4)
Most Viewed ArticlesSee all
Most Talked About
Live activity feed
" zuga wrote: sharpe wrote: Don't know if anyone reported that all ready but there's been mismatch in between my credit balances here and latestsportsbonuses, the posts made in sports forum count's but not those which have been made in sportsbook news section, noticed that in the last few days. Posts made on other 3 sites are currently not being credited on new LCB. This is a programming nightmare to do the syncing ( since new LCB is now stand alone site ) and we are not sure we will be counting these contributions anymore. Maybe you should put Sport section in LCB forum because since new LCB site was launched Sport forum on LSB is completly inactive :("READ
"I just love that new Hugo slot, in 90's we have Hugo videogame and I always watch Hugo contest in TV! So to me this is like back to history. This slot is very good, I have played it few times now and only bonus which I have manage to reach this point is those black hair women images which give free spins."READ
lcb activities in the last 24 hours
- new members
- members online
- guests online
- new posts
- free games played