Hilton Group, parent of Ladbrokes, the UK's biggest betting chain, yesterday announced a major expansion of its Gibraltar telephone betting operation; 200 more jobs will be created in order to service UK punters in addition to its existing overseas customers. Ladbrokes is just the latest in a long line of UK betting and gambling companies to flee the UK's high betting taxes and duties in favour of a base in Malta, Jersey, the Isle of Man or Gibraltar. They will offer Internet betting services from Gibraltar as well as telephone betting. Said Peter George, Hilton's CEO: 'There are 300 betting operations on the Internet with little or no tax'.
Meanwhile UK casino operators are complaining that recent minor liberalisations don't go far enough to help them defend their business against upstart Internet operators.
On a day when the UK's prestigious Institute of Directors forecast a loss of £10bn tax to the Treasury from e-commerce shopping, who will claim to have foreseen that the world's second oldest profession would be the spur for the first confrontation between the Internet and the Inland Revenue?
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