William Hill, is one of leading British gaming companies, announced last week that will be transferring their online casino operations to Gibraltar to save on taxes. The sports betting section of the gambling site, which affect the football leagues and cricket, are thus outside British law. A few days later made the same announcement another major British gambling, Ladbrokes.
While in the UK, the Treasury pays 15% of revenues from gaming and gambling in Gibraltar is paid 1%, plus an annual fee of £ 2,000 to a maximum tax of 425,000 pounds (497,000 euros). For now, there is recorded in the colony 22 companies and betting game. If all pay the maximum, the Treasury Gibraltar could earn up to 11 million euros. Although only one of these companies has dual license as a casino online (Bwin / Ongame) among all 222 pages managed website, 60 of which are in Castilian version and allow access to and payment from Spain.
The control of all electronic communications in Gibraltar, a town of 28,000, determined by a body called the Gibraltar Regulatory Authority (GRA), whose budget, on account of the Government of the colony, is one million pounds (1.2 euros ) annually. According to the Gazette said Paul Fox, head of the gaming and internet, five of the 16 specialists employed in the GRA are involved in control of the 22 gaming and betting companies based in Austrian Treasury Gibraltar. El claim over 100 million at Bwin because your server Internet is in Vienna
In 2008, the Government of the Rock first adopted a rule to govern the activities of these companies, called Generic Code, and the latest report from the GRA, published on 31 July, there has never has been imposed a fine on any of these companies.
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