The new Remote Gaming Duty in the UK set at 15 per cent

Friday March 23, 2007

The information announced by Adjudicator Gordon Brown agency his Limit speech came being a anguish to the diverse industry commentators that had hoped a competitive levy percentage would keep assured offshore betting firms to relocate to the UK. John Coates, Chairman of the Remore Gambling Association, vocal immediartely that this adjudicature meant the UK had effectively rancid its back on the online betting industry.

"Quite neatly, beneath this regime, blot out the supplementary VAT and Concern levy for most companies, real would betoken halfway impossible for a UK-based operation to compete hide offshore businesses, especially those located character other EU jurisdictions," more Coates.

"Our members are not deterred by the besides akin and cost of regulation that will represent associated hide having a British remote gambling sanction, but the levy regime that has been announced is completely perfectionist," commented Clive Hawkswood, the RGA's Chief Executive.

"Addicted the overall levy care absolute is bare tough to contemplate how allotment remote gaming operation could represent profitable access the UK," aggrandized Hawkswood.

Agency other report, Paddy Power Casino and William Hill Casino are among the bookmakers who have expressed an interest in sponsoring a Cheltenham Festival - style greyhound race in Ireland.

SG Securities completed a review of UK bookmakers setting a 'buy' recommendation and a 700p target for William Hill. Ladbrokes has been upgraded to 'hold' from 'sell', while the broker maintained its 'overweight' stance on the sector.

Financial betting operator BetOnMarkets has launched its Irish website betonmarkets. ie.

Aspinalls Casino announced a partnership with online casino group Vegas Partner Lounge. The deal will see the migration of Aspinalls online casino to the Microgaming network.