UK Remote Gambling Duty

[daveymck]

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I can't see any sites taking up a UK licence if they have to lose 15% of their profit.

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Yeah it is a big barrier to existing sites but the advertising restrictions have teeth and mean that a new entrant can still keep 85% of the total profit whilst writing off the startup and marketing costs. I guess the question is can the ability to advertise and the quality mark of UK regulation grow the business by more than 15%?

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As soon as the US went out of bounds the answer to that was a huge no, I dont think us Europeans are as paranoid about sites in Gibralter etc than our US friends, and lets face it even if a comapny was UK licenced and went bankrupt we know form experience of the many retailers that have gone out of business that we would still get very little of our money back.

If the percentage had been lower, even as an initial sweetner, I dont think the current high street chains could have complained too much as lets face it they were the ones who buggered off to Gibralter in the first place.

There is even an argument for cutting the 15% as some of the other areas eg bingo are seeing drops in revenue mainly in Scotland with the smoking ban and that would expect to continue with theban coming in in England as well.

It was a good idea but as seems to be the case with government has taken too long and has been badly executed, the world has changed and moved on and I dont see anyone taking up the UK licence maybe until the US legilslation changes.

[mbpoker]

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Also this 15% is of profits NOT revenue

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Wrong. It's on revenue - i.e. rake for poker sites.

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Stars and Full Tilt will not be interested as they would have to give up taking US players (or run two setups),

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If you imply that UK will impose a restriction not to take players from the US then this is wrong too. UK doesn't have such restriction.

[solucky]

And after the license, germany , france and the netherlands are out of the fishpool. But GB support them ....... to get there rights.

[Richas]

I can assure you that the tax is on profit not revenue. The Act has a power for the minister of state to list countries that will not be allowed to use UK licensed sites. They have made clear that no country where it is illegal will be permitted. The US wil be on the not allowed list.