UK Expects 150 Applications from Operators Who Start Online Casinos
Representatives for the UK Gambling Commission have recently declared that they expect to see no less than 150 applications from operators who want to open gambling business. Firms who want to find out how to open an online casino in the UK should be informed that they must comply with the new point of consumption tax regime.
According to the new UK gambling legislation, operators who want to offer gambling services to UK residents will be required to pay taxes to the UK government and own a UK gambling license. The new law applies for all companies who cater to UK residents, regardless of the companies’ location. So, when learning how to open an online casino for Britons, you might like to consider the costs that will come along with the implementation of the new regulatory framework.
Jenny Williams, head of the UK Gambling Commission, explained last week at a conference in Barcelona that several applications for online gaming sites have already been submitted, and she expects around 150 applications in the near future. Williams also said that the licensing fees are reasonable and the British gambling system is consistent, which means that operators who want to know how to open an online casino might want to consider the opportunities that UK can offer in terms of gambling activities.
Despite the fact that companies based in jurisdictions such as Gibraltar protested against the point of consumption tax, Williams explained that the new tax law would prevent companies based outside to UK to access and profit from British gaming enthusiasts.
The UK is famous for its long history of fair regulation and for being the premier gaming license available to online gaming companies. Operators who want to find out how to open an online casino should know that UK has a long history in online gambling, with reasonable taxes for the state-of-the-art services it provides.
BY CASINOWEBSCRIPTS PUBLISHED 9 July 2014