ex casino roulette wheel for saleThe 888.com landing page features a splash offering sports betting sign-up bonuses front and center (above). A new UK online gaming tax will equate to more than a billion dollars in additional levies from non-British internet operators. It’s the smaller offshore gaming operators which may will end up bearing the brunt of the new tax.“That the sector ‘can afford it’ is a ridiculous justification,” said James Myles, a consultafree slot games jackpot maniant with Eta Delta, according got Casino Beats. wynn casino in las vegasIt will see offshore gaming companies which offer online casino games such as blackjack and virtual slots taxed an additional six percent.But that industry isn’t the only “sin” sector to be targeted by government bean counters.The online gaming tax rises from 15 percent to 21 percent.The average bottle of wine will be nine cents more expensive, while sparkling wine goes up 12 cents.The price of a pack of cigarettes increases by 42 cents, and that price will continue to rise at two percent above inflation.For the gaming industry, it adds up to ‎£1.15 (.46 bifree slot games jackpot maniallion) in new taxes over the next five years.A Tax by Any Other NameThat figure is no fluke.It coincides directly with the .46 billion that the British Treasury is expected to lose out on since a recent decision to drastically cut the maximum allowable bet on fixed-odds betting terminals (FOBTs) in the country.Amid criticisms that the machines are too addictive, the government has moved to reduce the largest bet allowed from £100 (1) to £2 (.63). GVC Holdings saw a 6.53 percent bump in its stock price, while shares in William Hill and Paddy Power Betfair closed up 3.02 and 2.76 percent, respectively. “The government has created its own FOBT crisis, by relying upon then destroying this revenue source to the Treasury’s coffers without contingency.”Despite the UK Gaming Commission’s attempts to crack down on gaming operators, it’s been a banner stretch for the industry. bellagio casino breakfast

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bellagio italy casino royaleIt’s the smaller offshore gaming operators which may will end up bearing the brunt of the new tax.“That the sector ‘can afford it’ is a ridiculous justification,” said James Myles, a consultafree slot games jackpot maniant with Eta Delta, according got Casino Beats. However, that change has been delayed until 2020, leading to harsh criticism from the opposition as well.“By rolling back on their promises the government are allowing greed to triumph over good as the bookies trouser an additional £900m in revenue,” opposition leader Tom Watson told the UK’s Guardian this week after the new taxes were announced.The ruling Conservative Party makes no bones about the motivation behind the new remote gaming tax, with Minister Hammond telling parliament that it will “fund the loss of revenue as we reduce FOBT stakes.”Small Operators to Be Hit HardestStocks in three major LSE-listed gaming companies were up slightly on Monday. It’s the smaller offshore gaming operators which may will end up bearing the brunt of the new tax.“That the sector ‘can afford it’ is a ridiculous justification,” said James Myles, a consultafree slot games jackpot maniant with Eta Delta, according got Casino Beats. www.coolcat casino bonus codesIn 2017, the government collected £13.8 billion (.5 billion) in tax revenue, a 65 percent jump from 10 years ago, when the government decided to liberalize gaming laws.One report suggests that eight percent of legally aged adults had placed at least one online bet in 2017.The MetLife Stadium is located acrosfree slot games jackpot manias the Hudson in East Rutherford, North Jersey, where online gaming is legally regulated.Too Close to Sports Betting?The NFL announced it would relax its longstanding ban on casino advertising ahead of the start of the 2018-19 season, following pressure from team owners. (Image: The National)Finance Minister Philip Hammond unveiled details around the remote gaming duty this week. australian online casino no deposit bonus keep what you win

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