The UK Gambling Act was delayed by one month, as the Department of Culture, Media and Sport considers the challenge that is legal of Gibraltar Betting and Gaming Association (GBGA). The act that is new scheduled to come into effect on October 1, but will now be pushed back once again to November 1.

The GBGA issued the process in the High Courts in an attempt to derail what it has known as a misguided piece of legislation and a ‘wholly unjustified, disproportionate and discriminatory interference with the best to free movement of services.’

The act requires all gambling that is online to hold a UK license and pay a 15 percent tax on gross video gaming revenue if they desire to engage utilizing the UK market. Previously operators that are such be licensed in a quantity of jurisdictions around the globe, certainly one of which was Gibraltar. These jurisdictions was indeed approved, or ‘white-listed’, by the national government in Westminster underneath the 2005 Gambling Act.

Legislation Unwanted?

The GBGA’s objections are twofold. Firstly, it believes that the 15 percent ‘point of usage tax’ will force operators to cut their bonuses and VIP programs, which will drive Uk gamblers to the unlicensed black market, as the UK regulated sites will not manage to compete, thus failing in its stated aim of ‘co Continue reading →