With the new gambling laws that the UK has put in force, many online gambling companies are starting to feel the pinch from them are starting to seek sunnier climates. They are moving their online casinos overseas as they are just a little more friendly when deciding how much they are going to take from them and what they are going to allow.
The UK put the regulations in place to encourage responsible gaming, but in doing so has made it harder for the online casinos to survive because of the taxes that came with those regulations. They might be allowing you to advertise your online gambling site, but you are going to pay through the nose to be able to do so.
Many of the smaller online casinos in Ireland especially cannot afford to pay the high taxes and are simply moving away. A 15% tax on online gambling is entirely too high, especially when they can simply move to Gibraltar or the Channel Islands and pay significantly less. The more they try to tax and regulate, the less attractive they seem to the online gambling industry.
The online casinos are finding that they can still advertise as they are on the government’s white list, but they can relocate somewhere else and pay fewer taxes. They also don’t have to deal with the strict licensing and regulations that the UK has put in place, all the while making more money from their site.
With the UK being such big fans of online gambling, it only makes sense for the government to ease up on the taxes and restrictions, as they could really be looking at a potential windfall in revenue if they would just relax.
The UK Gambling Commission has chosen to shut out two very large online gambling groups from advertising in the UK via their white list. Both the Mohawk Council of the Kahnawake in Canada and the country of Antigua were told no, and will not be able to join the list.
Antiguan Director of Gaming Kaye McDonald said that they were disappointed in the commission’s decision, but they were hopeful that they might gain admittance to the list in the future. If they did, they would be joining countries such as Alderney, Isle of Man, Tasmania and the European Economic Area countries on the exclusive list.
McDonald says that they don’t know if they need to reapply because they were in the process of applying when they were told that they would not be getting on the list. They think it has to do with a decision being made to the advertisers so they are going to continue with the online gambling advertising application that they had already started to submit.
However, Kahnawake is considering legal action against the commission. They say that because of their long standing reputation as the world leader in [online gambling] Internet regulatory compliance and enforcement they don’t know why they would not be afforded the same considerations as Tasmania considering they don’t have the same history or safeguards that Kahnawake does.
They say that they want to know the process that was taken when considering their application as they do not feel that it was a fair process and that they were somehow discriminated against. They say that their recent troubles with Absolute Poker notwithstanding, they have an almost impeccable record when it comes to online gambling.