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Online Casino Move Bad for Sports

There is no secret right now that most of the major UK online casinos are moving their headquarters offshore in an effort to avoid the heavy UK taxing that is in place. The UK has some very unfavorable gambling tax legislation in place and although many of the top UK brands like William Hill and Ladbrokes have toughed out the competition for some time, the competition is too tough unless the online casino gambling companies move outside of the UK tax legislation – but that also means that the sites are outside of the UK’s very strict and stringent internet gambling regulations and that fact has the sporting leagues worried. There is a lot of concern lately about preserving the integrity of sports and some of the sports associations are worried that match-fixing and other ills are more likely when the gambling sites move offshore.

Right now there is just the intent really, the major UK online casino bookies are still operating out of the UK. But that is going to be very short lived as Ladbrokes has announced it fully plans to move to Gibraltar by the end of the year and Will Hill may move even sooner than that. Corruption in sports is a very real concern and the UK sports associations are now asking the UK government to really address the situation seriously so that the major sports books do not move out of the reach of stringent UK regulations.

At the same time though the online casinos and sports books in question are two of the most respected institutions in the industry. And beyond that, Gibraltar is also highly regarded for enforcing strong regulations and oversight for the internet gambling companies licensed out of the jurisdiction.