William Hill plc has announced that it is not supporting the Gibraltar Betting and Gaming Association's objection to the new point-of-consumption secondary licensing and taxation regulations in the UK.
The Telegraph news publication published a statement from Will Hill which said:
“As the UK’s leading operator, William Hill has chosen not to challenge the [British] Government’s decision to impose dual regulation on the online gambling industry.
“However, our original concerns regarding the distortive effects on the market and the inadequacy of enforcement mechanisms, remain.
"Our message to Government would be to strike the correct balance between overlapping regulation and enforcement by setting an appropriate tax rate which encourages full compliance without damaging businesses.”
The Association claims that requiring secondary licensing of those operators already regulated in Gibraltar breaches European law.
wscalley
9 years ago
Interesting to read William Hills views on this subject, you would of expected them to oppose such legislation. I'm not questioning the need for them to pay an appropriate level of tax, and I truly hope that this law was truly created to protect UK consumers from dodgy offshore casino scam sites. The downside though could...
Interesting to read William Hills views on this subject, you would of expected them to oppose such legislation. I'm not questioning the need for them to pay an appropriate level of tax, and I truly hope that this law was truly created to protect UK consumers from dodgy offshore casino scam sites. The downside though could be that many of our favourite casinos will decide to pull out of the UK market altogether, especially if the license fee introduced is prohibitive the effect could be disastrous.
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Dominic Horsley 9 years ago
Every Large company should have to pay the appropriate tax gambling companies are no different, it is damaging to the economy large companies not paying up
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