United Kingdom Considering Offshore Online Casinos

The United Kingdom has been wondering how they can attract offshore online casinos to them, and they think they may have come up with a pretty decent idea. Their finance minister has decided that they should award them a British License and give them fewer taxes.

It would work with the new Gambling Act which enables them under law to get a British license starting this September, but they would have to pay higher taxes. This would change that for them. John O’Reilly, the head of online gambling at Ladbrokes says that he thinks it is a good deal, but is waiting to see the bottom line. He says that if the tax rate were really less than 3% that they would probably sign up.

Finance Minster Gordon Brown is proposing the Remote Gaming Duty next month, and it would give them lower taxes to the tune of two or three percent on their revenues. He thinks that with this deal, they will be able to bring in online gambling firms that do well – including PartyPoker, 888, as well as other overseas gambling sites. This way they will be included under British law, and they won’t have to pay extra taxes like the actual land based casinos have to.

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