UK Government Plans to Regulate Offshore Gaming Sites

09/01/2010 17:01
Type Online Report
Theme uk

UK Sports minister Gerry Sutcliffe has unveiled plans to require all gaming operators active in the British market (regardless of the situs of the gaming company) to comply with the Gambling Act.

Under the proposal, gaming companies accepting British players will have to comply with British licence requirements, including the protection of children, and to demonstrate how they will contribute to the research, education and treatment of problem gambling in Britain. They will also be required to report suspicious betting activity to the commission and sports governing bodies.

Not surprisingly, regulators are posing this requirement after many formerly UK-based operators have chosen to MOVE their online businesses overseas in order to avoid the higher UK tax rates, which has put a dent in UK tax revenues from gaming companies.

"Q"
Wheretobet.com

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