London’s Royal Courts of Justice, whose High Court ruled that great britain Gambling Act should be postponed for a thirty days.
The UK Gambling Act was delayed by a month, as the Department of Culture, Media and Sport considers the legal challenge of the Gibraltar Betting and Gaming Association (GBGA). The new act was scheduled to come into influence on October 1 youtube quick hits slot machine, but will now be pushed back to November 1.
The GBGA issued the challenge 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 proper to free movement of services.’
The act requires all online gambling operators to hold a UK license and spend a 15 percent tax on gross video gaming income if they desire to engage with the UK market. Previously operators that are such be licensed in a quantity of jurisdictions around the globe, one of which ended up being Gibraltar. These jurisdictions have been approved, or ‘white-listed’, by the national federal government in Westminster beneath 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 the unlicensed market that is black as the UK regulated web sites will not manage to compete, thus failing in its sta […]