Much respect to Floyd Senior still getting a few rounds in at the gym. I hope I can still train at that age. Respect. -Conor McGregor as he poked fun at Floyd Mayweather Jr. |
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14th June 2017 | SHARE THIS | ||
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The Story | |||
The Court of Justice for the European Union (CJEU) has issued its preliminary ruling which rejected efforts to exempt Gibraltar-licensed online gambling operators from paying the UK’s online point of consumption tax. |
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Let’s go back to 2015. |
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That was the year when Gibraltar Betting and Gaming Association (GBGA) challenged the UK government’s rule requiring all UK-facing operators to pay 15% tax on online gambling revenue obtained from UK punters. GBGA said that the rule is discriminatory against Gibraltar-based operators. The GBGA initially won against the UK government in the UK’s High Court. |
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But the European Union’s top court begged to differ. |
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The CJEU, in its preliminary ruling, said that while Gibraltar was technically not part of the United Kingdom, it regarded a dispute between Gibraltar and the UK as “a situation confined in all respects within a single Member State.” Thus, the GBGA cannot invoke Article 56 of the Treaty of the Functioning of the European Union (TFEU) which is only applicable between EU member states. Article 56, which is the meat of GBGA’s argument, bars EU member states from imposing restrictions on the movement of goods and services between member states, unless the restrictions can be demonstrated to be intended for the purpose of consumer protection. |
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What’s next for Gibraltar? |
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While the CJEU is yet to release a final ruling, the decision might affect the viability of Gibraltar’s online industry, especially after the Brexit. |
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Takeaway |
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Gibraltar should brace for hard times as the once popular hub for UK-facing operators may be forced to pay up taxes for the UK government. |
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Grant Govertsen: Mass segment poses lesser political risk | |||
In this interview with Stephanie Raquel, analyst Grant Govertsen of Union Gaming gives his insight on Macau’s recovery. |
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‘Single, tightly secured’ casinos on the horizon for Japan’s IRs | |||
Japan’s Experts’ Committee has approved several new proposals for the Integrated Resorts (IR) Implementation Bill which include the creation of a “Casino Management Board” and the designation of “a single, tightly secured casino.” |
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Belgium seeks tighter curbs on gambling advertising on television | |||
Belgium’s Justice Minister Koen Geens is said to be preparing new legislation that will significantly reduce the ability of gambling operators to advertise on local television broadcasts. |
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New York Senate approves online poker bill (again) | |||
In a 54-8 vote, the New York Senate voted in favor of S-3898 online poker bill which will allow online poker within the state’s borders. |
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Gaming Club Casino, which went live in mid-1994, is the oldest established online casino. It is still in operation today. |
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Croupier: French word for dealer; it is often used in table games such as roulette and blackjack. |
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Lottoland celebrates six million customers |
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Lottoland has announced that it will offer six new and unique products for its customers as it celebrates reaching six million customers worldwide. |
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Good luck to all those who will be participating at the Asian Poker Tour Macau 2017! It kicks off on June 14 with a HKD 300,000 Guaranteed Opening Event and will be held until June 22 at the Babylon Casino. |
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Want to be a guest contributor? Email [email protected] |
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