BUSINESS

UK government prepares to close loophole on overseas operators

TAGs: overseas operators

FungoBatWe’ve already seen how miffed Betfair Australia have got over ‘illegal operators’ advertising their wares Down Under – and UK-based bookmakers are no less unimpressed with rivals that have upped sticks and moved abroad. The likes of Victor Chandler, Ladbrokes, William Hill and Sporting Bet are by no means illegal, but they have moved offshore for tax reasons – and now the government are preparing to close the loophole. A consultation on the introduction of new licence requirements for overseas online gambling firms is under way and so firms based in Gibraltar, Malta and the Isle of Man are about to get the brown end of the shitty stick. Read more.

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