Tag Archives: Brexit

Gibraltar confirms corporate tax rate increase to 12.5%

The government of Gibraltar has confirmed that corporate taxes will be raised from 10-to-12.5%, helping support the British overseas territory’s economic recovery from the COVID-19 pandemic.  Yesterday, First Minister Fabian Picardo outlined directives of Gibraltar’s new budget that requires an interim corporate tax hike to help balance the country’s projected deficits totalling + £250 million. “There is nothing to giveaway,” …

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Matt Shaddick ends 18-year reign as Ladbrokes Politics guru 

Posting an update via Linkedin, Ladbrokes’ Matt Shaddick has confirmed that he has ended his 18-year stint as the bookmaker’s lead political markets analyst.  Shaddick, who joined Ladbrokes in 2007 as sportsbook executive, thanked “the many fantastic people” who had helped establish and support Ladbrokes Politics as a key market offering of the heritage bookmaker. Announcing his departure, Shaddick detailed …

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HRI to commence CEO recruitment drive as Kavanagh steps down

Horse Racing Ireland (HRI) is looking for a new CEO as current incumbent Brian Kavanagh has announced he will be vacating the position in September this year. As CEO of the governing body responsible for horse racing in Ireland, Kavanagh oversaw several major milestones and challenges during his tenure, including the implementation of the country’s updated betting tax framework, closely …

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Mishcon de Reya issues Brexit warning on unsettled data transfer rights

London law firm Mishcon de Reya has issued a notice to its online gambling partners highlighting further Brexit concerns on data protection rights, staff employment and services contracts impacting the industry. Online gambling has faced less friction than other sectors (travel, exports, entertainment) when adapting to the UK’s post-EU future, as the majority of operators undertook significant operational changes during the …

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EGBA: UK and EU must settle on post-Brexit digital data rules

Brussels-based industry trade body The European Gaming and Betting Association (EGBA) has warned the European Union and UK government that current Brexit arrangements carry operational and business concerns for the online gambling sector. Though the UK and EU settled on a post-Brexit trade agreement, the EGBA has stated that the terms and conditions fall short of safeguarding online gambling, mirroring …

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Smarkets – 2020 will close on rollercoaster Brexit market 

Smarkets has revealed that its political markets have been re-energised by the government’s last-minute negotiations to secure a fraught trade deal with the European Union.  This weekend, PM Boris Johnson took charge of negotiations meeting face-to-face with EU President Ursula von der Leyen, in a bid to break the deadlock. Yet following reports that no progress has been made on …

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UK Racing issues Brexit travel warning as transition period ends

UK racing stakeholders have been warned to prepare for ‘significant changes’ to equine travel arrangements between the UK and EU, irrespective of whether the government can secure a Free Trade Agreement (FTA) from 1 January 2021. The warning was issued by the ‘Thoroughbred Industries Brexit Steering Group’ which leads racing’s preparations for the UK’s departure from the European Union. As …

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Winning Post – Flip-flopping Number 10 wants control of Gambling Act reforms

Regulus Partners observes odd Downing Street movements, as PM Boris Johnson seeks direct control of UK gambling reforms. Facing a daunting end-of-year schedule, ensuring that the UK economy can withstand a COVID-19 winter and Brexit fallout… Regulus asks why is Boris picking on gambling? UK: in Parliament – Casinos reel from ‘curfew’ as Johnson preaches morality “As flies to wanton …

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EU research agency demands urgent action on loot box consumer safeguards

The European Union (EU) has been urged to improve and align standards and safeguards related to loot boxes’ design features and consumer interactions. The recommendation follows research undertaken by the EU’s committee on ‘Internal Market and Consumer Protection’ (IMCO), which analysed ‘loot boxes in online games’ and ‘their effect on young consumers’.    The IMCO report has been described as the …

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