London’s Royal Courts of Justice, whose High Court ruled that great britain Gambling Act should be postponed for a thirty days.
The UK Gambling Act was delayed by a month, as the Department of Culture, Media and Sport considers the challenge that is legal of Gibraltar Betting and Gaming Association (GBGA). The act that is new planned in the future into effect on October 1, but will now be pushed back in to November 1.
The GBGA issued the challenge in the High Courts in an effort to derail what it has called a misguided piece of legislation and a ‘wholly unjustified, disproportionate and discriminatory disturbance with the best to free movement of services.’
The act requires all gambling that is online to hold a UK license and pay a 15 percent tax on gross gaming income if they want to engage using the UK market. Previously such operators could be licensed in a number of jurisdictions around the globe, one of which ended up being Gibraltar. These jurisdictions was in fact approved, or ‘white-listed’, by the national government in Westminster beneath the 2005 Gambling Act.
The GBGA’s objections are twofold. Firstly, it believes that the 15 percent ‘point of usage tax’ will force operators to cut their bonuses and VIP programs, which will drive Uk gamblers to the unlicensed black market, as the UK regulated sites will not have the ability to compete, thus failing in its stated aim of ‘cont Continue reading