Tag Archives: point of consumption

Smarkets boss says value crucial for betting exchange success

Smarkets CEO Jason Trost is hoping to carve out more business for his betting exchange by keeping its commission charges low. In an interview with February’s edition of Betting Business interactive, Trost said that sports betting customers will continue to become more informed and more demanding, meaning that the value offered by companies will be crucial towards success. He explained: …

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Tax environment needs new business culture in gambling

Paul Leyland, Principle Consultant at Regulus Partners, is of the opinion that a heavy tax burden will hit growth in the industry this year, although there are prospects for the industry to flourish longer-term. 2015 was always going to be a difficult year for gambling operators from a fiscal perspective: UK remote Point of Consumption taxes (15% revenue from December …

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Paul Leyland: continuous tax challenges may not be wise

Paul Leyland, Principle Consultant at Regulus Partners, takes a look at the news that there is to be another attempt at a Judicial Review on the UK’s Point of Consumption regime and asks whether it is altogether wise. The Gibraltar Betting and Gaming Association, having failed to overturn the UK remote Gambling (Licensing and Advertising) Act, is now attempting a …

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IOM operators prepared for POC

Peter Greenhill, the CEO of e-Gaming Development at Isle of Man’s Department of Economic Development, has belied any sense of panic around the UK’s point of consumption laws, which are now due to come in on 1 November. In a piece by IOM Today, Greenhill suggested all the jurisdiction’s operators were well prepared for the change. He said he did …

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GBGA would like to see EU legal framework for online gambling

The Gibraltar Betting & Gaming Association (GBGA) has called for an EU framework for online gambling legislation after its appeal against the UK’s point of consumption licensing was dismissed by the courts. In a statement after Friday’s judgment, the GBGA said: “We remain concerned the UK regulator will find it difficult to hold companies to account in jurisdictions outside of …

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Harris Hagan Bulletin: Judicial Review a ‘clear cut case’

Specialist gaming law firm Harris Hagan has issued a bulletin detailing the outcome of the GBGA’s Judicial Review challenge to the point of consumption licensing regime. Here John Hagan digests some of the judgment. Mr Justice Green handed down his eagerly awaited Judgment this morning in the judicial review proceedings brought by the Gibraltar Betting and Gaming Association (“GBGA”). In …

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Point of Consumption delayed until November

The controversial Point of Consumption licensing regime, due to come in on 1 October, has been delayed for a month in order to give the judge presiding over the Judicial Review time to consider the arguments. The Gibraltar Betting and Gaming Association (GBGA) has been a vocal opponent to the proposed Point of Consumption laws, suggesting they are contrary to …

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Stan James refutes sale speculation

Online bookmaker Stan James has denied reports that its Gibraltar operation is about to be sold off. Chief executive Denis Kelly told the Racing Post that there was no for sale sign outside the door, but that a bid at the right price would be considered. The imminent introduction of the point of consumption tax in the UK has seen …

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Point of Consumption legal challenge to be heard next week

The Judicial Review into the Point of Consumption licensing regime due to be implemented in the UK on 1 October will have a full hearing next week. The application for a review has come from the Gibraltar Betting and Gaming Association (GBGA) which has objected to the measures in the Gambling (Licensing and Advertising) Act 2014 and associated Gambling Commission …

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Clock ticking for UK licence application

Offshore operators only have until midnight on Tuesday 16 September to apply for licences allowing them to continue to provide gambling services to consumers in Britain after the Gambling (Licensing and Advertising) Act comes into force on 1 October. Offshore gambling operators – currently regulated overseas but transacting with consumers in Britain – wishing to continue to provide services in …

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