UK Gambling Tax Hike
Secondary licenses could well be introduced, as the well expected online gambling market review and also the UK online casinos are complete. United Kingdom Treasury is estimating the online gaming market in the country at worth around 1.7 billion Great British Pounds.
Industry insiders as well as the pundits agree that a gambling laws review of Great Britain would definitely follow the study completion. A secondary licensing fee is going to be introduced for the offshore gaming operators who are interested to penetrate the online casino market in the country.
Having in consideration this possibility, online gaming giant William Hill, the one that commands 10% of the United Kingdom online gambling market, has ordered its overview being prepared in a better way in case of a potential tax hike. The business services provider Deloitte was the one to complete this task.
Deloitte has revealed that a additional levy is going to lead to the black market growth. The 15% tax introduction on UK online gaming operations may lead to two-fifths of the legal companies today that will exit the market. Bettors in the UK are not going to get any other alternative only turning to questionable operators and also to risk getting into the authorities view.
William Hill spokesperson told the press that the question for the Government is: Should they introduce policy which distorts markets or not?