London’s Royal Courts of Justice, whose High Court ruled that the united kingdom Gambling Act should be postponed for the month.
The UK Gambling Act was delayed by a month, as the Department of Culture, Media and Sport considers the legal challenge regarding the Gibraltar Betting and Gaming Association (GBGA). The new act was scheduled to come into influence on October 1, but will now be pushed back once again to November 1.
The GBGA issued the task in the tall Courts in an attempt to derail what it has called a misguided piece of legislation and a ‘wholly unjustified, disproportionate and discriminatory interference with the right to free movement of solutions.’
The act requires all online gambling operators to hold a UK license and pay a 15 percent tax on gross video gaming income if they want to engage with the UK market. Previously operators that are such be licensed in a number of jurisdictions around the globe, one of which was Gibraltar. These jurisdictions have been approved, or ‘white-listed’, by the government in Westminster under the 2005 Gambling Act.
The GBGA’s objections are twofold. Firstly, it believes that the 15 percent ‘point of consumption tax’ will force operators to cut their bonuses and VIP programs, which will drive Uk gamblers towards the unlicensed black market, as the UK regulated web sites will not manage to compete, thus failing in its stated aim of ‘controlling prob Continue reading