Most U.k. Remote Gaming Licensees Can Expect Lower Fees In 2017

Gaming Commission's goal is to more evenly spread the fees burden

The UK Gambling Commission revealed in a communication this week that its consultation with the Department of Culture Media and Sport on licence fees has been concluded, and that most licensees will see reductions in the amounts they will be paying from April 6 next year.
The advisory notes that the "overall fee burden" across the remote gaming industry in the UK will decrease by around ten percent, with something like 1,900 licensees paying lesser amounts varying between 2 percent to 75 percent.
A further 1,000 licensees will experience no change in their contributions, and initial online licence applicants will be given a 25 percent discount to help them get going.
Unfortunately the news is not as favourable for the approximately 100 companies at the top of the industry in terms of GGR, who will probably face more significant hikes based on 0.05% to 0.1% of their revenues; that could see increases of up to 140 percent.
Proportionality appears to be the criteria applied to the restructured fees, easing up on smaller companies and making up the difference across medium to large operators.
In what appears to be a sensible and reasonable change, a new "game host" licence is to be introduced which will empower business-to-business companies who host their own games in the business-to-consumer environment to operate off one licence, reducing their costs.
See the full detail here:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/579614/Consultation_Response_-_Proposals_for_Gambling_Commission_Fees_from_April_2017__21.12.16_.pdf

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,449
Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

See More Posts