LADBROKES MOVE IMMINENT
6 November 2009
UK tax levels too high to enable online
operations to compete
Word on the street is that the transfer of Ladbrokes
online gambling operations to Gibraltar has progressed
apace, enabling the actual move to take place several
weeks ahead of original planning.
The transfer is
expected to be effected this week, a remarkable
achievement bearing in mind that the decision to leave
the UK was only made in August (see previous InfoPowa
reports).
At that time Ladbrokes, along with
William Hill, noted that the online gambling sector was
intensely competitive, and that British taxes and levies
made it impossible for the online gambling divisions to
compete effectively against other online companies
domiciled in respected jurisdictions with more
benevolent tax regimes.
Ladbrokes will soon
release a revamped and technologically upgraded
sportsbetting website, the company has revealed.
William Hill has already transferred its online
operating activities to Gibraltar.
Online Casino News Courtesy of
Infopowa
More news here.
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