BetSid Gone?

[Nicola]

Another FSB Technology casino which seems to have disappeared without warning

 

[brianmon]

Another FSB Technology casino which seems to have disappeared without warning

It was just a matter of time.
The site was opened on the back of a small chain of bookies (6 shops) in Lancashire, by a 'notorious entrepreneur' Simon Rigby.
Companies house list him as being the director of 238 companies (a huge percentage of which, companies have been dissolved or liquidated)

I seems like quite a few of his businesses have gone to the wall lately. The bookies shops have, apparently, been sold now. But three of the six shops will close, although there doesn't seem to be any information on the internet gambling site.

xxx.blackpoolgazette.co.uk/news/business/betsid-sale-what-to-do-if-you-have-placed-a-bet-in-the-lancashire-bookies-1-9575878

It makes you wonder just how well-backed and stable some of these new sites are, that the UKGC are passing lately (or is it just a case of 'rubber-stamping'?)
How little does it take to start a casino nowadays?
How easy is it to get a UKGC license, and just how deep are their checks?

 

[snorky510238]

At one time it was considerably easy to pass the checks/lack of checks to open an independent bookmakers. That changed significantly a few years back as the law changed rules and regs regarding licensing and funding etc. It does make you wonder with online casinos and some of the places (countries) they operate from. I mean what laws do they have? How stringently are they carried out? Obviously a lot of the time it will be to do with loopholes in the law which allow casinos to bypass certain rules and regs they wouldn’t be able to in other countries along with tax dodges etc. It certainly isn’t all as clean cut as a lot of people would have us believe that’s for certain. If it was you wouldn’t get rogue casinos of which there are plenty. What checks are done on them? Obviously none that carry any weight or they wouldn’t be able to operate. Also can’t help thinking that groups that open casinos ‘willy nilly’ every month but close some down pretty quickly afterwards have discovered ways of writing this off against tax on their successful ones. As far as I am aware ( just my gut feeling) A group could operate all its casinos from under the same roof. It’s not like a land based where you obviously need a separate building for each one. The last bit of this post from “Also can’t” is just surmising but I put it out there to see other people’s views and reactions.

 

[brianmon]

Also can’t help thinking that groups that open casinos ‘willy nilly’ every month but close some down pretty quickly afterwards have discovered ways of writing this off against tax on their successful ones.

Most of those casino who open and close ‘willy nilly’, are likely to just be white-labels, so not owned or run by the main company.
So it probably wouldn't affect any tax situation