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The newly proposed regulation under the Gambling (Licensing and Advertising) Act proposes a number of key changes in how gambling companies would do business within the United Kingdom.

Until this point, many gambling companies have provided real money services to players in the UK while be licensed in foreign jurisdictions, thus avoid income taxes inside the UK. Under the new regulations, offshore operators need to apply for a UK operator license and pay a 15% consumption tax on all revenues that are generated by players inside the United Kingdom.

The changes were originally scheduled to be put in place on October 1st, but the motion has been stalled by a challenge from the Gibraltar Betting and Gaming Association who is taking the UK Gov. to court over the issue, putting forward a number of claims about the true intentions of these regulations.

The new date for a decision on the legislation has been postponed to November 1st, when the High Courts in the UK will determine whether the claims brought forward by the GBGA have any validity in stopping this transition from happening.

What are your thoughts on this?

Cheers,
Sky