UK Casino Company to Set Up Offshore Gambling Site
UK casino operator London
Clubs International has announced that it will set up an offshore
internet gaming web site, which will most likely be located in
South Africa, but no timetable for the new offshore venture has
yet been given. Chief Executive Alan Goodenough
said the company is currently looking into joint venture partners,
and has already set up a UK-based web site offering fun gaming
(with no gambling for money) in order to establish an internet
presence while it waits for the UK government to grant internet
gambling licences. The company has also recently announced pre-tax
losses this year of 10% due to a decline in business in its Casinos. The UK government has announced
a review of gambling regulations which is expected to recommend
measures to establish a regulatory framework for internet gambling
by late next year. .
|
|
IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.