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The Tote Moves To Alderney,
by Jason Gorringe, Tax-News.com, London
Tuesday, January 01, 2008
Having gained admission to the UK's much-prized 'white list' of jurisdictions
which are allowed to advertise gaming services, Alderney has now claimed a major
scalp as Totesport Casino, the on-line service of the UK's Tote, has decided
to move there.
Gaming operators based in Alderney escape the 15% tax slapped on UK-resident
gaming operators under the UK's new Gambling Act, which has largely prevented
existing operators from moving to the UK, as had apparently been hoped for by
the government.
The situation, perhaps embarrassing for the UK government, results from the
creation of the white list, after a crackdown by the UK government on gambling
adverts from places that don’t meet the country's strict new regulatory standards.
About one thousand gambling websites based in offshore jurisidctions are now
banned from advertising in the UK, the Department for Culture, Media and Sport
has said. But Alderney and the Isle of Man have been given carte blanche, while
Gibraltar and Malta, both with lowtax gaming regimes, creep in due to their
membership of the EU.
Regulations laid in Parliament on August 9 use new powers contained in the
Gambling Act 2005 to ban gambling adverts from companies operating outside the
European Economic Area (EEA).
Jurisdictions which wanted to be exempt from the ad ban had to pass a stringent
assessment of their regulatory standards, including the ability to demonstrate
that they adhere to fair tax principles, in particular, openness, equal availability
and equal treatment.
Gambling operators in jurisdictions that did not apply to be white-listed were
automatically banned from 1st September. These include major online gambling
centres such as Costa Rica and Belize.
Sites such as Betfred Casino and Poker, Interpoker.com and Littlewoodscasino.com
are all currently based in the Netherland Antilles, a non-white listed jurisdiction,
according to the UK government.
For companies not based in white-listed jurisdictions to be able to advertise
in the UK, they need to move to the EEA or a jurisdiction on the white list,
or the jurisdiction in which they are based needs to successfully re-apply for
a place on the white list.
Only the Channel Island of Alderney and the Isle of Man were able to demonstrate
that they had in place a rigorous licensing regime designed to stop children
gambling, protect vulnerable people, keep games fair and keep out crime. Countries
in the EEA however did not have to apply to be white-listed.
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