
Originally Posted by
DiamondGeezer
I would like to know what the other major UK operators like Will Hill, 32Red, Lads, Betfred, VC, Coral, Bet365, Tote etc made of Betfair's extroadinary promotion and even more extroadinary behaviour subsequently.
I still find it incredible that these companies have all hououred their offers yet a competitor has walked away from their obligations and basically made a mockery of the industry.
I would love to know their reaction to this. It would not surprise me if there is industry wide fallout from the Betfair scandal in time. If players do start winning court cases it could possibly lead to a UK Govt crackdown on remote gambling jurisdictions.
Why should the whole UK industry suffer as a result of Betfair's foolishness?
It's already started, the new Culture Secretary is looking into the current arrangements, because the operators have not complied "with the spirit of the act" because they have "advantage located" themselves in the least regulated and taxed locations they could get away with, and as far as the UK government are concerned have "bitten off the hand that fed them". Looks like Karma has come back around to bite them on the ass
It was the UK Gambling Act that pioneered the entry of the online gambling industry into the realms of "respectable business" by giving them a legal regulatory framework whilst many other jurisdictions were making great efforts to "run them out of town". The whitelist arrangement was intended to allow free trade throughout the EU, rather than operators having to have separate licenses for each EU member state it wanted to market into. Operators simply moved to Malta, where the regime is the most lax, and taxes are lowest, and have tried to target ALL EU countries from this secluded base of operations. They are ALSO using this structure to deny players the legal rights they would normally enjoy when consuming any other goods or services.
Betfair, for example, have made it quite clear that ENGLISH laws and regulations do NOT apply to ENGLISH players who which to make a complaint, and that instead they have to go to Malta to make their case, and as we know, Malta just ignores player complaints, as they have little interest in actually POLICING how operators treat their customers.
The REAL issue is that this is NOT what has spurred the Culture Secretary into action, and things could get even WORSE for the industry if further research is done, and this reveals the mass "screwing over" of UK players through the manipulation of the EU single market structure to strip them of their basic consumer rights. It is the lack of TAX revenue coming from profits earned HERE that has concerned the government at a time when finances are very tight. There is ALREADY a vigorous pursuit underway of other business sectors that generate most of their profits in the UK, but register in an offshore "tax haven" to avoid paying any UK tax on these profits.
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Full Sails - before we get raided ourselves.
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