London’s Royal Courts of Justice, whose High Court ruled that great britain Gambling Act should be postponed for the thirty days.
The UK Gambling Act has been delayed by a month, as the Department of Culture, Media and Sport considers the legal challenge associated with the Gibraltar Betting and Gaming Association (GBGA). The new act was scheduled to come into effect on October 1, but will now be pushed back in to November 1.
The GBGA issued the task in the High Courts in an attempt to derail what it has called a misguided piece of legislation and a ‘wholly unjustified, disproportionate and discriminatory disturbance with the best to free movement of services.’
The act requires all gambling that is online to hold a UK license and spend a 15 percent tax on gross gaming revenue if they desire to engage with the UK market. Previously such operators could be licensed in a number of jurisdictions around the world, certainly one of which had been Gibraltar. These jurisdictions have been approved, or ‘white-listed’, by the federal government in Westminster underneath the 2005 Gambling Act.
The GBGA’s objections are twofold. Firstly, it believes that the 15 percent ‘point of consumption tax’ will force operators to cut their bonuses and VIP programs, which will drive British gamblers to your unlicensed black market, as the UK regulated sites will not be able to compete, thus failing in its stated ai Continue reading “UK Gambling Act Delayed by Gibraltar Legal Challenge”