London’s Royal Courts of Justice, whose High Court ruled that great britain Gambling Act should be postponed for a thirty days.
The UK Gambling Act was delayed by a month, as the Department of Culture, Media and Sport considers the challenge that is legal of Gibraltar Betting and Gaming Association (GBGA). The act that is new scheduled to come into influence on October 1, but will now be pushed back again to November 1.
The GBGA issued the task in the High Courts in an attempt to derail what it has called a misguided piece of legislation and a ‘wholly unjustified, disproportionate and discriminatory disturbance with the proper to free movement of services.’
The act requires all gambling that is online to hold a UK license and pay a 15 percent tax on gross gaming income if they desire to engage utilizing the UK market. Previously such operators could be licensed in a number of jurisdictions around the globe, certainly one of which had been Gibraltar. These jurisdictions have been approved, or ‘white-listed’, by the national federal government in Westminster under the 2005 Gambling Act.
The GBGA’s objections are twofold. Firstly, it believes that the 15 percent ‘point of consumption tax’ will force operators to cut their bonuses and VIP programs, which will drive British gamblers to your unlicensed black market, as the UK regulated web sites will not have the ability to compete, thus failing i