London’s Royal Courts of Justice, whose High Court ruled that the united kingdom Gambling Act should be postponed for a month.
The UK Gambling Act was delayed by 30 days, as the Department of Culture, Media and Sport considers the legal challenge of this Gibraltar Betting and Gaming Association (GBGA). The act that is new planned to come into impact on October 1, but will now be pushed back to November 1.
The GBGA issued the challenge in the High Courts in an attempt to derail what it has known as a misguided piece of legislation and a ‘wholly unjustified, disproportionate and discriminatory interference with the right to free movement of services.’
The act requires all online gambling operators to hold a UK license and pay a 15 percent tax on gross video gaming revenue if they desire 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 indeed approved, or ‘white-listed’, by the federal government in Westminster beneath 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 British gamblers to the unlicensed market that is black as the UK regulated web sites will not have the ability to compete, thus failing in its st Continue reading “UK Gambling Act Delayed by Gibraltar Legal Challenge”