ï»¿UK Gambling Act Delayed by Gibraltar Legal Challenge
London’s Royal Courts of Justice, whose High Court ruled that great britain Gambling Act should be postponed for the thirty days.
The UK Gambling Act is delayed by 30 days, as the Department of Culture, Media and Sport considers the challenge that is legal of Gibraltar Betting and Gaming Association (GBGA). The new act was scheduled to come into influence on October 1, but will now be pushed back 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 spend a 15 percent tax on gross gaming revenue if they desire to engage aided by the UK market. Previously such operators could be licensed in a number of jurisdictions around the globe, certainly one of which ended up being Gibraltar. These jurisdictions have been approved, or ‘white-listed’, by the government in Westminster under the 2005 Gambling Act.
The GBGA’s objections are twofold. Firstly, it believes that the 15 percent ‘point of consumption tax’ will force operators to cut their bonuses and VIP programs, which will drive British gamblers towards the unlicensed black market, as the UK regulated sites will not be able to compete, thus failing in its stated aim of ‘contr Læs resten