Regulation, what regulation?

[Rusty]

Woohoo it's Weekend!

I know you do not agree with me Jetset but I forgive you

I'm off out for the W/E and may be some time

Have a good Weekend

[dealer wins]

Yeah you gotta love this joke of a government havnt you. Tax the hell out of something then ban it everywhere.

On the subject of UK regulation I cannot imagine any of the big UK bookies/casinos not signing up before September, how bad and dodgy would they look if the continued to operate from abroad when they could license in the UK. They would be screaming "We operate a rigged casino and poker room"

I take that post back in the light of this weeks budget. I was totally wrong in hindsight.

This government has totally lost the plot. They say they want to attract gaming companies to the UK then they up the tax in the budget massively.

The big players must be laughing at the thought of moving to the UK.

hmm move here and pay £Millions in tax or stay put and pay hardly any tax. Its a hard choice isnt it.

Only the UK could try and attract business with an unattractive proposition. Lost the plot big time.

If I were Hills or Ladbrokes I would put a big two fingers up at Gorden Brown and stay put overseas.

[Rusty]

I take that post back in the light of this weeks budget. I was totally wrong in hindsight.

This government has totally lost the plot. They say they want to attract gaming companies to the UK then they up the tax in the budget massively.

The big players must be laughing at the thought of moving to the UK.

hmm move here and pay £Millions in tax or stay put and pay hardly any tax. Its a hard choice isnt it.

Only the UK could try and attract business with an unattractive proposition. Lost the plot big time.

If I were Hills or Ladbrokes I would put a big two fingers up at Gorden Brown and stay put overseas.

Ahhh yeah but, no but cos right....
The figure being touted behind closed doors is actually 3 or 4% for remote Casinos where as land based pay 40%
I would call that an attractive proposition but other more cynical folk might call it a bribe

[jetset]

I take that post back in the light of this weeks budget. I was totally wrong in hindsight.

This government has totally lost the plot. They say they want to attract gaming companies to the UK then they up the tax in the budget massively.

The big players must be laughing at the thought of moving to the UK.

hmm move here and pay £Millions in tax or stay put and pay hardly any tax. Its a hard choice isnt it.

Only the UK could try and attract business with an unattractive proposition. Lost the plot big time.

If I were Hills or Ladbrokes I would put a big two fingers up at Gorden Brown and stay put overseas.

I agree, and most analysts and observers seem to be of the same mind - it's certainly going to impact heavily on any plans both land and online operators may have had to make a UK move because it so dramatically alters the numbers.

My own theory is that this is politically rooted. Brown is confident he is the new leader who will soon be holding the reins, and he has decided to do what suits his leadership best politically rather than continue to toe the Blair policy line that has probably been his guide hitherto.

[dealer wins]

The cynic in me thinks that could there possibly be a situation in the future where this government tries to ban online gaming like the US.

If all the big players stick two fingers up at Gorden and he loses out millions of tax as online gaming becomes bigger and bigger, may he not try to ban it completely.

You never know. Could be under the guise of terrorism or security or helping problem gamblers etc etc

I wouldnt put anything past this Government who love stealth taxes and telling us exactly what we can and cannot do.

My prediction (Which is properly completely wrong LOL) is that unless a significant number of big players come to the UK, online gaming in the UK will be banned within 5 years of today.