Gaming Strategy
Featured Stories
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
Search Our Archive of Gaming Articles 

UK Bookmakers Welcome Tax Review

17 March 2004

UNITED KINGDOM – As reported by the UK Press Association: "Chancellor Gordon Brown's announcement of a review into the tax treatment of Internet betting exchanges and their clients was welcomed by traditional bookmakers today.

"The popularity of betting exchanges – at the centre of recent controversies in the world of horse racing – has soared in recent years, with around 250,000 British punters attracted by their simplicity and good prices.

"But traditional bookies complain they are not competing on a level playing field in terms of the way they are taxed.

"…Industry sources said the wording of Mr Brown's announcement – which referred to the clients as well as exchanges themselves – suggested it was the layers' tax position that will be examined most closely…"

< Gaming News