1. By continuing to use the site, you agree to the use of cookies .This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy.Find out more.
    Dismiss Notice
  2. Dismiss Notice
  3. Follow Casinomeister on Twitter | Facebook | YouTube | Casinomeister.us US Residents Click here! |  Svenska Svenska | 
Dismiss Notice
REGISTER NOW!! Why? Because you can't do diddly squat without having been registered!

At the moment you have limited access to view most discussions: you can't make contact with thousands of fellow players, affiliates, casino reps, and all sorts of other riff-raff.

Registration is fast, simple and absolutely free so please, join Casinomeister here!

Microgaming casinos leaving UK market

Discussion in 'Casino Industry Discussion' started by jibbajabba, Jul 12, 2014.

    Jul 12, 2014
  1. jibbajabba

    jibbajabba Newbie member

    Occupation:
    Stuudent
    Location:
    Mongo wee aaah
    Has anybody heard anything about this?

    You must register/login in order to see the link.

    Cliffs / TLDR : Most MG casinos will leave the UK market and only a small number with UK licenses will stay. Any input from 32Red and other MG reps here?
     
    1 person likes this.
  2. Jul 12, 2014
  3. Captain Chaos

    Captain Chaos Senior Member webby

    Occupation:
    Train Guard
    Location:
    United Kingdom
    It's not entirely surprising given the new legislation coming into force soon. I cannot see 32red exiting the UK market. I'd imagine a large chunk of their revenue comes from us. Those who care about the UK market will surely just apply for UK license and then continue I would have thought? There was always going to be an exodus initially. The true test will be which companies chose to apply and come back. My thoughts are that we will probably see an exit of the smallerr names and the big names will continue. Will there be a restriction of choice? Of course. Will it be bad? Who knows. We may not know the true extent of how this will affect the online gambling market in the UK for some time afterwards. The chances are we could see a lot of UK only versions of these casinos. We won't really know till it happens though.

    Does anyone know how this new tax will be funded though? Will the casino take the hit or will the RTP be altered to reflect? Any thoughts?
     
  4. Jul 12, 2014
  5. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    Microgaming has a very significant and well established presence in England and on the Isle of Man, and some of its top licensees are active in the UK market.

    The operators will bear the brunt of these new taxes if they wish to access and advertise to a maturing and lucrative market, and I imagine will inevitably have to pass some of that on somehow.

    There are repercussions for the software providers too in respect of UK Gambling Commission regulations, but the main tax burden and additional expense will fall on the operators.

    This is the first I have heard of MGS licensees pulling out of the UK, and I have not so far seen any confirmation of this report elsewhere.

    Regarding the number of operators who choose to stay in the UK market, the CEO of the Gambling Commission, Jenny Williams, told a business conference last week that they initially expect at least 150 applications, and that there has been considerable interest in UK licensing and a number of early applications (the closing date for applications is I think mid-September).

    The threat from the Gibraltar online casino trade association that it is seeking a judicial review of the new UK law is real, but has to some extent been diluted by major Gib online bookmakers like William Hill and Ladbrokes saying they do not support that sort of litigation, although they are less than happy with the new tax.
     
    2 people like this.
  6. Jul 12, 2014
  7. jibbajabba

    jibbajabba Newbie member

    Occupation:
    Stuudent
    Location:
    Mongo wee aaah
    FWIW after this thread I spoke to my VIP rep at a casino and he told me they would be pulling out of the UK market but nothing had officially been announced. Time to find a new site for me :oops:
     
  8. Jul 12, 2014
  9. dunover

    dunover Unofficial T&C's Editor Staff Member CAG PABnononaccred PABnonaccred PABinit mm3 webmeister

    Occupation:
    International Money Launderer
    Location:
    the bus shelter, opposite GCHQ Benhall
    Given that Gibraltar is a British territory I doubt their objections will come to much anyway. Until recently there was another loophole too - in the Channel Islands certain goods less than £15 were allowed to be sold VAT free. Needless to say DVD/CD and other small-item sellers flooded there to undercut rivals on eBay as their costs were 20% less.
    The valid point is that it will be unenforceable as we've said before; customers will go to non-licensed operators (as the Gib protestors rightly point out) to avoid taxes. Therefore, the ONLY way this can be enforced is by other entities being made to co-operate. You would need banks to be told to refuse transactions for certain processors to UK citizens, the govt. would need to criminalize those who attempt to play at tax-free sites plus you've got freedom of choice issues. It'll be very hard to enforce, and relies solely on the casinos' goodwill.
     
  10. Jul 12, 2014
  11. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    I agree that unless the British government is prepared to push this as far as some of the other governments in Europe (ie disruption of financial transactions, denial of marketing access, blacklisting and active prosecution of unlicensed operators) some unlicensed operators with software beyond the reach of the Brit authorities will continue to chance their arms. But it will entail some risk i.m.o.

    I don't at this point see UK politicians daring to make playing an offence - that would create too much of a furore.
     
  12. Jul 12, 2014
  13. dunover

    dunover Unofficial T&C's Editor Staff Member CAG PABnononaccred PABnonaccred PABinit mm3 webmeister

    Occupation:
    International Money Launderer
    Location:
    the bus shelter, opposite GCHQ Benhall
    Ok we know the bigger operations like 32red will pay their dues and continue to service the UK market, but IF they are a minority and say 95% of sites currently available do not, then we run the risk of becoming like USA players, scratching around for other places to play then being ripped off as the sites in question would be in some remote town called 'Rogue City' far beyond any real regulatory body.
    The irony being that the government has forced large parts of a generally well-run and safe industry away to be replaced by sites of the Rushmore ilk, therefore ruining all the good intentions of the UKGC and in the process and exposing players to risk.
     
    3 people like this.
  14. Jul 12, 2014
  15. xxshepxx

    xxshepxx Senior Member PABnononaccred MM

    Occupation:
    mechanic
    Location:
    United Kingdom
    Was always on the cards, thats why Ladbrokes dumped MG
     
  16. Jul 12, 2014
  17. catapultaudio

    catapultaudio Senior Member

    Occupation:
    Computer Programmer
    Location:
    Leeds, UK
    Any chance you can name 'a casino' ??.. pretty worthless comment otherwise

    I don't think this is accurate either is it? Theres no suggestion, as far as I am aware, that these operators using MG software is in any way responsible for the pull out, its the new tax that is the issue - the article is just making the point that a bunch of high profile, high quality microgaming casinos are pulling out - at least thats my understanding of it.

    Ladbrokes got a better deal from Playtech if I remember rightly, it was a business decision I believe and not related in any way to the upcoming legislation.
     
    2 people like this.
  18. Jul 12, 2014
  19. paul7388

    paul7388 Meister Member MM

    Occupation:
    not a lot
    Location:
    glasgow scotland
    Think its just a case of wait and see if any casinos do pull out but sure there will be plenty of decent regulated casinos for uk players to use. Ladbrokes going to playtech had nothing to do with it tho as Ladbrokes wanted playtech as they were getting left behind by William hill online and after several attempts managed to get the deal with playtech thinking it would be the answer to all there problems. How wrong they were we will see in the future.
     
  20. Jul 12, 2014
  21. banditboy2006

    banditboy2006 Experienced Member

    Location:
    uk
    but that's what the uk government wonts so if they make the online cashinos who serve the uk get a licence as some wont in English it will get more people on the fobts in the bookies so its win win for them
     
  22. Jul 12, 2014
  23. banditboy2006

    banditboy2006 Experienced Member

    Location:
    uk
    but when its the law changes will the game testing be by the uk standards
     
  24. Jul 12, 2014
  25. JGslots

    JGslots Meister Member PABinit webmeister

    Location:
    Wirral, UK
    From what I understand it's to put an end to this tax haven in Gib isn't it? Maybe it's about time these companies paid their taxes instead of dodging them for this long? I bet Gib will suffer a lot as a result of this, I'm sure they will be up in arms.

    Overall I think it's a bit odd that they have decided to do this right now. I guess the reputable companies will bite the bullet and accept they have to pay proper 15% taxes to the UK government.
     
  26. Jul 12, 2014
  27. banditboy2006

    banditboy2006 Experienced Member

    Location:
    uk
    but would that mean for us in the uk it would mean more wagering on the bonus for us

    and 1 times wagering on sky vegas would be a thing of the past as we would be covering the tax not the operators ;)
     
  28. Jul 13, 2014
  29. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    Spot on, but I believe it was never about the consumer anyway - it was to tap into another new tax source, despite all the mealy-mouthed utterances of the politicians.

    The impact on Gibraltar, Alderney and Malta in particular will be interesting to see.

    Bet365 should do well out of this - they've remained licensed in the UK and paying British taxes, yet they have still achieved impressive business performances and continued to grow, despite losing tens of millions on Stoke City FC...there's little adjustment necessary for them.
     
    1 person likes this.
  30. Jul 13, 2014
  31. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    As expected, the player is the last to hear, and will probably wake up one morning to find their accounts have been blocked overnight with no chance to finish off their promotions and effect an orderly exit.

    If it's happening on the 1st of August, players should already have been told by the casino. Even if the plan is to allow existing players to carry on till October we need to know what is happening NOW!

    I have asked my VIP rep at Casino Rewards about this, but can't get a straight answer. I can't find a way to see which operators have applied for a UK licence either, which would be a good indicator of intent.

    If they are going to keep UK players in the dark, maybe we should all take a few months off until the dust settles, and return to those casinos that obtain a UK license.

    If the report has been derived from some discussions with industry reps, then it has more substance than rumour. I will have to assume that casinos in the Digimedia group are "high risk" in that I could be booted without proper notice when half way through some slots tournament or other promotion.

    A majority exodus by Microgaming from the UK market may also explain why they pulled all the AWP games "for maintenance" in May, and are in no hurry to complete said "maintenance". These games were aimed at UK players, so will not be needed if UK players are barred.
     
  32. Jul 13, 2014
  33. paul7388

    paul7388 Meister Member MM

    Occupation:
    not a lot
    Location:
    glasgow scotland
    Well if the majority of microgaming casinos pull out of uk then 32red will gain a lot more business I guess as they are one of the casinos that are guaranteed to stay in the uk market
     
  34. Jul 13, 2014
  35. PaaskeDenmark

    PaaskeDenmark Always think positive CAG PABnoaccred webmeister

    Occupation:
    Clerk with shipping discounts worldwide
    Location:
    UnKnown
    1 times wagering have already gone. I can only see at least 20x wagering now on any of their bonuses. I used to get these as well years back. But seems stopped.
     
  36. Jul 13, 2014
  37. dunover

    dunover Unofficial T&C's Editor Staff Member CAG PABnononaccred PABnonaccred PABinit mm3 webmeister

    Occupation:
    International Money Launderer
    Location:
    the bus shelter, opposite GCHQ Benhall

    Check out my UKGC thread just started, there is a search facility for applications both approved and pending..
     
  38. Jul 14, 2014
  39. jibbajabba

    jibbajabba Newbie member

    Occupation:
    Stuudent
    Location:
    Mongo wee aaah
    When I'm specifically asked not to name names by the people in question it would be pretty bad form of me to do so. However, they are definitely one of the biggest MG casino groups from what I know. Getting confirmation from a company that they are 100% pulling out of the UK market is hardly a worthless comment though that's is strictly IMO of course.
     

Share This Page