Hi,
According
to this story, the UK Government is thinking of changing the law with regards to offshore gambling companies.
The government wants to tighten up regulations, which is admirable, by making sure all offshore firms are regulated by the gambling commission. They're also trying to levy a higher rate of tax against the firms themselves - which would in turn be passed onto the customer.
The question is, will this be limited to the UK only, or will a cash-strapped Eurozone also be looking at the online gambling world as a potential source of revenue in the future?
It seems that it's all in the early stages. However, for FT (or whatever will be "Full Tilt") and Stars users there's more depressing news. If the proposals go through it could cause major problems for them in the UK. The commission grants a gaming licence by looking at, amongst other things, the "criminal record" of the applicant. Both companies are currently being investigated for violation of gambling laws in the US.
