CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Ladbrokes to Offer Internet Gaming from Gibraltar

Ladbrokes to Offer Internet Gaming from Gibraltar

Tax-news.com

22 November 1999


UK bookmakers Ladbrokes, which recently set-up a telephone betting service based in Gibraltar, has announced that it will soon also offer lottery-style Internet games. The move is seen as a direct attack on the UK national lottery, Camelot, which has eroded betting industry revenue since its establishment and is now looking to establish an online presence.

Ladbrokes plans to launch a gaming website early next year that will include games such as blackjack, roulette, and Keno. It is also considering making some games free as an initial promotion and offering one-off online lotteries with huge cash prizes. Once established, Ladbrokes also plans to offer the new service via mobile phones and digital TV.

Ladbrokes has denied its new offshore services are an attempt to pressure the UK Government into cutting betting tax and lifting advertising restrictions, but avoiding these were clearly incentives for locating the new services offshore. The managing director of Ladbrokes International (a subsidiary of Ladbrokes in the UK) John O'Reilly said "We're doing this because we have to compete against rivals who offer these sort of services".


.

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »