The Big Budget Gamble
Posted: 24/03/2010 Filed under: Remote Gambling License, UK Taxation | Tags: bingo online, gambling, gambling laws, gambling sites Leave a comment »As someone who deals with gambling licenses and someone who is involved quite heavily in dealing with companies and their money I was trawling through the internet looking for information on the budget, which is bound to affect most of my clients, and gambling laws in case of any changes. I was delighted to find an article which managed to fit in both.
An article in the Guardian was very detailed on the bookies and their budget odds and it just goes to show you you can bet on just about anything in the UK these days. My clients who wish to set themselves up in a UK gambling business could do worse than to look at the breadth of things you could bet on on budget day.
On the more serious side you could bet on the actual substance of the budget ten ways from Sunday with your options including 1/5 that alcohol duty will go up,12/1 that it will be reduced ( which I think are fairly short odds as if it goes down I will gladly eat my hat without seasoning). The odds are 1/5 that the final budget deficit for 2009-2010 will come in below £178bn. On the less serious side you can actually bet on how many times Darling will say the word deficit!
My personal favorite though is the fact that you can bet on Alistair Darling’s tie. The colour and the length! This may not be a bad choice actually as last year, when he wore a bluely gray tie the bookies paid out on both.
If you are worried about how aspects of the budget will affect you and your company feel free to give us a ring and discuss it with us. we are experts in UK company taxation.
Offshore Bingo Companies Whacked With New License
Posted: 03/02/2010 Filed under: Remote Gambling License | Tags: bingo online, gambling, online gambling Leave a comment »
We have been hearing for a awhile now about the alleged changes to the UK remote gambling laws and finally we have some confirmation.
There has apparently been a leak in from the Department of Culture, media and Sports that has forced the hand of sports minister Gerry Sutcliffe. Mr Sutcliffe has now announced that any off shore gambling business that have a customer base in the UK will need to hold a license and will then be subject to regulation from the UK Gambling Commission.
Before this all takes place though there will be a consolation period with UK land based businesses. This is a good thing because no one knows better than those in the industry what a suspicious betting pattern or problematic gambler looks like. the emphasize is to be on protecting children and vulnerable people. This is a worthy goal and we all applaud it.
There will also be a chance for online Bingo companies to demonstrate how they are responsible for contributing to research and education about the pitfalls of gambling in the UK.
As we have discussed on this blog before the government express a preference for UK bingo companies to operate in the UK but their 15% tax is very discouraging of this.
This new set of laws looks set to take a new tact with advertising to British punters being the target. the government is without doubt aware that advertising is the life blood of gambling organizations and hopes to make things more difficult for those located completely offshore. The idea being to give those actually on British soil an advantage.
I have expressed my skepticism about this plan before but I am perfectly willing to be proven wrong. Watch this space as things become clearer over the next weeks and months.
Stay At Home Mums Love A Bit Of Online Bingo
Posted: 21/01/2010 Filed under: Remote Gambling License | Tags: bingo online, gambling, online gambling Leave a comment »
Are mothers spending too much time playing Bingo?
Bingo has always been a favorite among mothers. At one time it was a chance to get out of the house and spend some time with their friends while adding the excitement of a possible cash windfall.
These days it seems that UK mums are every bit as excited about Bingo but the way they get their fix has altered radically. A recent survey showed that mums spend and aver of two and quarter hours online a day. The Sun newspaper in its typically understated way was rapid to point out that this means that 79 percent of those women spent more time online than they did cooking or cleaning.
A significant portion of that online time is dedicated to online gambling with Bingo being particularly popular. Other pursuits of online mothers include social media, such as Twitter and Facebook, as well as completing shopping tasks without leaving home. Web experts have defended the online antics of our nations mothers chiming in with the opinion that mothers often use the net to benefit their families.
Siobhan Freegard, founder of parenting website netmums.com said: “With families being more isolated than ever before, the internet is often the first port of call for mums seeking support, advice or information. It also provides a quick and easy means for mums to keep in touch with each other and the wider world.
This was in contrast to the underlying editorial message that seemed to be suggesting that English mothers were neglecting their children in favor of the net and really ought to be spending more time in the kitchen.
I think most people would agree that a bit of online bingo in moderation is not a bad thing for mothers. It is clearly something that gives them a break from what must sometimes be a slightly isolating job of raising the nation’s children and baking cakes.
