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Totes Leaves Curacao

You know that internet gambling industry is getting harder when government-owned online casinos are leaving the country in search of better tax breaks and gambling industry related incentives. That is the case with the Curacao internet betting and gambling site. Totesport Casino has announced a move to Alderney for various reasons, chief among the reasons though is the fact that Curacao is not on the UK white list, and UK licensing is a significantly less desirable jurisdiction to license and register in for tax purposes.

The UK white list is a UK government approved list of jurisdictions that meet UK standards for licensing and regulation requirements. Once on the white list all of the online casinos and internet gambling betting sites registered in the approved jurisdictions are able to freely advertise according to the recent UK advertising regulations.

And as for the fact that the Totesport online casino site is government owned – a company spokesperson commented with the announced move to Alderney that the site will be privatized prior from the move from Curacao. Totesport’s move to Alderney is just one indication that the UK online casinos industry could certainly use some help as far as tax regulations are concerned. Internet gambling sites across the board are increasingly looking for ways to avoid the abnormally high UK remote gambling taxes, and for the time being, Alderney is the popular alternative.

A spokesman for the online casinos site also noted, in response to any criticism and questioning, that the move to Aldnery "is a business decision for the Tote.” He then reaffirmed, “The Tote is run as a business."