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Will UK Online Gamblers Turn To The Black Market?

Will UK Online Gamblers Turn To The Black Market?

Written by: ava carson on 02/12/2011 10:05

As early as next week a review by the UK Treasury into the £1.7 billion UK online gambling market will take place. Operators have concerns that a secondary licensing fee could have UK gamblers playing at illegal gambling sites.

Deloittes, a business services provider was hired research by William Hill who has a 10% share of the UK gambling market. The study showed that a secondary taxation could see 40% of gamblers using non-licensed operators as legitimate operations struggle in the process.

If UK Treasury levies a 15% tax on online gambling companies next year it is estimated that at such a level two-fifths of legitimate operators could turn their banks on the UK gaming industry resulting in more UK online players heading for non-regulated sites.

A spokesman for William Hill commented: "The question for the Government is, should it introduce policy which distorts markets?"

William Hill stands to lose substantially on a financial level with the imposed changes to UK legislation and is not surprised by the survey results. The UK Gambling Commission has no jurisdiction on how offshore companies operate. This leaves no support for the British players.

Categorised Under: Bingo News,
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