Totalbet looks set to become the fourth electronic betting company to be licensed to operate on the Channel Island of Alderney. Totalbet is a consortium of three UK companies which plans to offer global tax-free Internet gambling from Alderney. The company is presently awaiting clearance by the island's Policy and Finance Committee, and assuming there are no complications will begin operations in June this year.
Public hearings were held last week for Totalbet and other interested parties to put their case. While objections were raised to the issuance of a fourth betting licence, these were not specifically directed against Totalbet, which has received the full backing of the existing electronic betting operators on the island. At the hearings it was decided that before a decision could be made on the licence application the company would have to submit its accounts for its onshore operations to the Policy and Finance Committee for scrutiny.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
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.
Write a comment