London’s Royal Courts of Justice, whose High Court ruled that the UK Gambling Act should be postponed for the month.
The UK Gambling Act has been delayed by 30 days, as the Department of Culture, Media and Sport considers the legal challenge associated with the Gibraltar Betting and Gaming Association (GBGA). The act that is new planned to come into effect on October 1, but will now be pushed back in to November 1.
The GBGA issued the process in the tall Courts in an effort to derail what it has called a misguided piece of legislation and a ‘wholly unjustified, disproportionate and discriminatory disturbance with the right to free movement of solutions.’
The act requires all gambling that is online to hold a UK license and pay a 15 percent tax on gross gaming revenue if they want to engage because of the UK market. Previously such operators could be licensed in a quantity of jurisdictions around the globe, certainly one of which was Gibraltar. These jurisdictions was indeed 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 usage tax’ will force operators to cut their bonuses and VIP programs, which will drive British gamblers to your unlicensed market that is black as the UK regulated web sites will not be able to compete, thus failing in its stated Læs videre “British Gambling Act Delayed by Gibraltar Legal Challenge”