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Joined Together for Online Casinos

The United Kingdom’s online casino gambling industry is in for some very rapid changes as the government discusses the changes that have been long needed in the country. The UK has some of the most advanced gambling regulations in the world – the entire market is completely liberalized and gambling sites are given incredible opportunities to even advertise with the UK market. But there are some very serious issues that the online casinos themselves have had with the advantages that the UK system naturally put in place for offshore licensed gaming sites. UK licensed gambling companies have been forced to pay incredibly steep taxes on their gambling income whereas foreign licensed companies were comfortably sitting offshore paying lower taxes and still having full access to UK gamblers.

The previous UK government that was just replaced in the recent elections was very keen on making adjustments to the UK online casino gambling regulations as a way of keeping these UK licensed companies from leaving the market – already the UK has lost huge portions of revenue when Will Hill and Ladbrokes moved their internet divisions offshore to Gibraltar. The recent Thought Leadership Seminar was the first time that it really felt like the UK government might effect some changes in the market. The Seminar last week allowed the executives from gambling companies to connect with the UK officials and discuss potential changes to the UK regulations and how they will alter the UK’s relationship with offshore and domestically licensed online casinos.

The Seminar was really a great success for all of the parties involved and through the use of a moderator to shape the discussions all parties left with a lot of knowledge and the online casinos were also able to give back their perspective.