There is news on the new gambling law that is anticipated within the U.K. On the 12th of February there was draft legislation presented, that is implemented, will see some substantial changes brought in that will govern how online gambling is handled within the U.K. The two major issues include the government’s decision to offer secondary licenses to those who operate outside of the U.K and the taxation of same relating to income obtain through U.K players.
This same day saw the meeting of the Department of Culture and Media and Sport Select Committee to look over evidence provided from those interested in the drafted bill. This included Jonathan Stephens, Permanent Secretary for the Department for Culture, Media and Sport as well as Jennifer Williams, Chief Executive of the Gambling Commission. The committee questioned each on a number of issues relating to the benefits that will accrue to consumers, why those said potential benefits outweigh the disadvantages to legitimate operators and how the bill will help to see a reduction in match-fixing.
There were multiple licensed operators within the U.K who provided written statements in order to have their feelings on this matter recorded for the record. This included such industry leaders as 888 Holdings, Gala Coral Group, Ladbrokes, William Hill Online, Betfair, The Rank Group and Paddy Power.