View Single Post
  #7  
Old 03-23-2007, 06:13 PM
davmcg davmcg is offline
Senior Member
 
Join Date: Jan 2003
Posts: 157
Default Re: PartyGaming Shares

[ QUOTE ]
isn't there a new legislation passed in the UK that makes it illegal for online casinos in the UK to take bets from non-UK residents?

[/ QUOTE ]

The legislation says that an online gaming licensee can't take bets from a customer in a prohibited country.

a) The list of prohibited countries hasn't been provided yet.

b) There aren't going to be any licensees anyway as they are going to be taxed at 15% of gaming profits - the rate had to be less than 5% to arouse any interest whatsoever from Party etc.
Reply With Quote