In response to the recent exodus of British bookmakers to offshore centres such as Gibraltar, the UK Government has announced a comprehensive review of its gambling laws.
The move offshore by prominent bookmakers such as Ladbrokes and William Hill to set-up internet gambling operations has prompted concern in the Government over the future of its gaming duty revenues which have already fallen by more than 6% over the past two years.
In announcing the review, the UK Home Secretary, Jack Straw said social attitudes had changed and most of the 30-year-old laws governing gambling were outdated as they had been overtaken by advances in technology.
The Government will appoint an independent review body next year, which will look into establishing a new regulatory structure for UK gambling, including internet gambling. The review body is expected to report back within 12 months of its appointment and will be followed by a public consultation process.
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