UK Bill Regarding Online Casinos Receives Royal Assent
Operators who want to learn how to start an online casino in the UK should know that the British gambling law has recently been amended. The Gambling (Licensing and Advertising) Bill, which has been debated by UK officials during the last year, has now received Royal Assent.
This means that operators should expect the bill to be passed into law very soon. The most important change that will significantly influence remote gambling operators is the introduction of the 15 percent point of consumption tax. According to the principles of this new tax regime, any operator who offers gambling services to UK residents will be required to pay 15 percent on gross gaming profits generated by those customers.
Thus, operators who want to know how to start an online casino should be aware of the fact that no matter where they are based, whether it’s in UK or abroad, they will have to comply with UK law if they want to cater to UK residents.
Operators who are interested in how to start an online casino in the UK should also know that any gambling firm that offers services to British consumers will have to obtain a gambling license from the Gambling Commission.
Furthermore, operators who are based overseas will have to inform the Gambling Commission about suspicious gaming, and will also be required to contribute to the minimization of problem gambling in the country. Operators who want to learn how to start an online casino in the UK will also be required to fight against illegal gambling, corruption and other suspicious behavior in relation to online gaming activities.
Philip Graf, Chairman of the Gambling Commission, explained that by taking the decision regarding the point of consumption tax, the Commission will have better access to all commercial gaming in Britain. By doing so, consumer protection will be increased, and the quality of online gambling in the UK will be maintained.
BY CASINOWEBSCRIPTS PUBLISHED 19 May 2014