UK Gambling Giant To Take On the French
Posted: 08/04/2010 Filed under: Remote Gambling License, UK Investment | Tags: offshore gambling, online gambling, remote gambling regulations, remote gambling. gambling Leave a comment »Having so much involvement, as I do with clients with gambling business interests and offshore gambling licenses I am always interested in what is going on in the world of UK gambling. This week saw a very interesting story, I saw it in the Times but I am sure it was discussed elsewhere about the plans of UK gambling company Ladbrokes and their plans to crack the French market.
Apparently the recent relaxing of restrictions on how much money gambling companies can take in France has convinced Ladbrokes that is now a market well worth exploring. They have teamed up with the leading French pay-tv company in an effort to lure gamblers onto Ladbrokes internet betting and gaming website and also through the French television channels.
Up until now the French gambling sector was tightly controlled by regulations that meant the the government run PMU pool betting company were the only viable option in France. The new rules governing internet gambling announced approved this week are set to change all that. A spokesperson for Ladbrokes had this to say this week
“We currently have no presence in France, it is a very competitive market but it is also a very big market. It will still be highly regulated but it is hoped that it will be further deregulated over time.
All the best to them though you have got to think that they will not be the only company trying to exploit the changes, companies from other countries are likely to have a crack too.
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UK Gambling Laws Still Unpopular
Posted: 17/02/2010 Filed under: Remote Gambling License | Tags: gambling, gambling laws, gambling sites, remote gambling regulations, remote gambling. gambling Leave a comment »It is the opinion of many and specifically a story on the gambling site eGaming Review last week, that the government’s desperate attempts to fix up HYPERLINK “http://www.stmworldwide.com/” UK gambling laws is still a failure.
The announcement last week that “all operators who want to target British consumers must be licensed by the commission” is seen by the gambling sector as being quite admirable but also, ultimately, probably futile. This is the latest attempt by the government to plug a gaping huge hole in UK gambling laws that allows remote gaming and betting websites to advertise in the UK wether they hold a British license or not.
It is a situation made worse by the fact that the huge taxation that the UK government has thrown at the gambling sector has resulted in a lot of major UK players moving their internet concerns offshore. This has become somewhat of a battle royal, with popular opinion having it that the government is losing.
The difficulty lies not in the wording or intention of this new law, that is all very clear. The problem is the enforcing of it. Many a government including the USA and lots of European countries have already been down this road and failed.
I wish them all the best with but I am not hopeful. Just a thought; perhaps they could consider a tax reform to lure the offshore activities back to our fair shores.
If you are interested in a HYPERLINK “http://www.stmworldwide.com/services-uk-ltd-company.html” remote gambling license or even setting up your own company in this sector then we can help at St Matthew’s eAccounting. We deal with with it every day and are experts at helping you get things running smoothly.
Things To Know About Remote Gambling In the UK
Posted: 02/02/2010 Filed under: Remote Gambling License | Tags: online gambling, remote gambling. gambling Leave a comment »Of course, there are quite strict laws in the UK covering all aspects of holding a gambling license but in my opinion it is particularly easy to fall foul of the ones that relate specifically to remote gambling. Especially if you happen to have been involved in static gambling, the differences can trip you up.
The first thing to be aware of is that if you have any piece of gambling equipment that can be used remotely located in the UK, then you are governed by its remote gambling laws. it does not matter if this piece of equipment is used to actually place a bet or only for demonstrating the result, you best get yourself a UK remote gambling license.
Next thing is that if you are running an operation that has remote equipment in the UK but visitors never use the premises then you need not have anything but a remote gambling license. The other type is not required unless you are going to physically have patrons at your premises.
The last thing you now need to be careful of is the portion of the law governing the prohibited territories. It against the law to provide facilities to to persons residing in these places. Which places these are is decided by the UK government and you should check the list carefully.
There is no doubt that remote gambling is big business around the world now. As with most new things it takes a while to get the laws pertaining to it correct. Most agree that in terms of the regulations such as the ones outlined above the UK government have done quite a nice job of putting things together. It is when we start talking about taxation that things get a little sticky.
