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Archive for the ‘UK Gambling’ Category

December 26th, 2011

Casino Online Games – Toss a Coin; Who Has It Better, the US or the UK?

By Samantha Williams

What is perhaps most notable about playing online casino games, is the fact that players who love a gamble, can indulge in their favourite games. They can play these games any time of the day or night, 365, and they can play them for free, for as little as a penny a pop, or even for high rolling wagers. Just about everyone likes taking a gamble …it is a universal pastime, with no one culture, not having a list of games they indulge with a flutter. Advanced technology has brought any and every gambling game known to man, into the convenience and comfort of our living rooms. Now we may even play casino online games wherever we go with the advancement of mobile gambling.

The British online gambling industry has fast advanced into massive demand, for a product which appears to be recession-proof, and now hosts a sophisticated audience. This is the epitome of the online gambling industry, where the world is sitting up, taking notice and emulating industry leading concepts. It is paradoxical in fact that the UK is leading the way, while the USA falls further behind by the day. This is not for want of trying, millions of US gamers across the board, from poker players to Pachinko, want these games online. The government however is at loss of how to control it sufficiently well to allow online gambling inside their borders. The scary thing is that in the land of the ‘free’, these are a series of games which residents are simply not free to play.

While it is fine for a US resident to purchase prescription drugs (without prescription) online and pay with their credits cards, they are not allowed to swipe their card in an attempt to bag a prize playing bingo. One of the softest gambling games known to man! This ‘banning’ of online gambling is in an attempt to ‘protect the public’ I ask you with tears in my eyes – does it not matter where the Viagra and even worse comes from? But a game of online poker for money is a criminal offence – something Joe Public cannot be trusted to spend his ‘own’ hard earned money on.

UK players who gamble at casino online games, do so under the protection of a regulated market; this also offers them the option to continue to pursue their faith in their favourite brands. While US players who are tempted (and many are) have to play with illegal brands; many which may not be above board. So, in the UK we have super choices and the country with one of the most massive choices in consumerism, has very little choice at all. There is no coin toss needed to see who has it better – the US or the UK? This massive ‘Superpower’ is going to find itself, hanging onto Britain’s red-coat-tails, if and when they ever legalize casino online games.

Post at 12:05 pm UTC by Samantha Williams

October 12th, 2011

Top Online Casinos UK – Could This be a Taxing Problem?

By Samantha Williams

Top online casinos in the UK have had an incredibly easy life up till now, and although the free ride is not over yet, things could be changing soon. These ‘things’ could be a taxing problem! It is not easy to understand online gambling licensing jurisdictions for the UK, but I am going to try and simplify it. Online, real money gaming in this country is legal, but the rate of tax for gambling operations is prohibitively high. So, years ago in 1994 when the UK National Lottery was established; this paved the way for all kinds of legal gambling activities, but also for the British Government to get their hands on their share of the loot, through the vehicle of tax, which is quite normal .

Then, came online gambling, and operators in this industry fast learned that the UK Gambling Commission, although a fantastic licensing jurisdiction – was also prohibitively expensive in terms of tax – 15% prohibitive in fact! The UK being a member of the EU, meant that top online casinos could license their wares offshore, in tax shelters such as Gibraltar, Malta, Alderney, Isle of Man, and others. But, still advertise to sell their wares in the UK, while paying offshore tax rates of something stupid like 1%.

EU offshore licensing jurisdictions enjoyed the freedom of almost instant White Listing, which also allows the freedoms of free trade principles. Any operators licensed in non-European licensing jurisdictions such as Kahnawake, Antigua, Curacao and so on, do not enjoy White Listing status. Many top casinos companies have even moved their UK business to Gibraltar; for example, William Hill, Betfair, Littlewoods and so on. None of this big UK business is licensed in their own country for online gambling operations!

Realizing that they should get their share of this massive potential for excise, the British Government is waking up to the fact that top online casinos, even if they are licensed offshore, should have a secondary license to ply their wares to a UK facing audience – which is only fair as far as I am concerned. You want to do business in a country; you should have to pay the price, especially if that business is generating billions of pounds in revenue! There are 36 million adults in the UK, who have had some sort of flutter this year!

After years of getting away with paying no tax, and pretty much no dues at all for tapping into the gold-mine of UK gambling business, non-domiciled operators are going to find things changing for them, and not before time. If land casinos and other gambling businesses in the UK, have to pay 15% tax; the principle is that if offshore ops also have to pay licensing fees and tax, then, all operators can get away with paying less.

How would the UK govern this? Well…this is another taxing problem, but Italy and France are doing it, and we have the technology. It’s a simple matter of making it illegal for those offshore operators to take wagers, the US DoJ has just done this with the biggest online poker sites in the US!

Needless to say the UK is not painting this as another tax grab – although I think they should be honest. They are supposedly changing regulations as a way in which to improve customer protection…but let’s call a Spade a Spade!

Post at 11:48 am UTC by Samantha Williams