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Betfair devise offshore plan

Hardly a surprise here as Betfair draw up contingency plans to move offshore if the UK Govt doesn't change tax laws. Every other UK firm has done it in some form or another to avoid/minimise paying tax and levy, but I doubt they'd go ahead with it anytime soon. Who'd be a politician? The economy is screwed because of the previous government and the greed of the banks, if you even attempt to introduce any measures to increase tax revenues or rein in the lavish rewards of that industry, they all threaten to head abroad, and now the gambling industry wants to pay even less tax. Ask not what your country can do for you, but how you can screw it up even further.... Betfair considers offshore move

the Netherlands opens up to online gambling

The most ardent opponent to online betting in recent years, the Netherlands, looks like finally dropping its resistance to the industry and introducing legislation to regulate it. In recent years Ladbrokes and Betfair have spent a lot of time pursuing court cases in the Netherlands and at the EU to force the Dutch to drop their hypocritical stance, banning foreign operators but allowing a state monopoly to extort criminal margins from local residents. A new government has just been elected and with it comes sweeping changes. Internet gambling released THE HAGUE - Gambling on the Internet is released. The government thinks so, Rutte eventually hundreds of millions of dollars per year to get. Reported that sources in The Hague. The right-wing government wants licenses to sell or auction among interested companies. The revenues of 100 million euros on per year, but were up to 270 million euros per year increase. Translate the article in Google Chrome if you want to read the ful...

utterly daft polticians

How ridiculous is a ban on online poker and casinos in a country where the law is openly flaunted, play-for-fun (.net) sites are widely promoted and companies like PokerStars have offices set up there? Australia upholds online gaming ban This is the dilemma in Australia where companies such as Betfair, Centrebet and Sportingbet offer licensed and regulated poker and casino services to punters outside Australia, but by law, can't do so to Australian residents. Yet, the likes of Party Poker and PokerStars can openly advertisely their wares around the nation by sponsoring events and TV coverage through their 'free' sites. Only the extremely daft amongt us, namely Federal Communications Minister Stephen Conroy, believes that these companies do not generate any real money business via this advertising. Australia is one of the biggest markets for foreign poker firms, so all the profits from these companies goes offshore and stays there. This is the same daft politician who is hel...

bizarre advertising rule by UEFA

No surprise really, a sporting authority meddling in team affairs for the sake of it... Betclic hits out at UEFA shirt ban: 'no legal basis' BETCLIC chief executive Nicolas Béraud has hit out at UEFA’s refusal to let French football team Olympique Lyonnais (Lyon) wear his company’s logo for tonight’s Champions League tie with Real Madrid, saying it has “no legal basis”. UEFA have banned Lyon from wearing shirts depicting BetClic as their sponsor, a deal they signed many months ago, because the French government are taking as long as physically possible to delay the enactment of local gambling regulations which are supposed to comply with European Union directives. Rather a big free kick for Bwin, sponsor of Real Madrid, tonight then....

Canada to get legalised online gambling?

The province of Nova Scotia is obviously broke so they're considering licensing online betting. The journo that wrote this though has no idea about online gambling though - apparently Americans are going to drive across the border to place an online bet! I'd better set up an internet cafe right on the border to cash in! Canada may get online gambling Canada had better implement a better system of regulation and enforcement regarding problem gambling though, this is a farce . Little sympathy for adults not taking responsibility for their own actions, these people have families who are well aware of their problems so why sit back and watch? But I have just as little for companies who pay lip service to the problem with a self-exclusion policy which is utterly useless. Problem gambling and the irresponsible actions of companies supposedly trying to stop it tarnishes the entire industry. Governments can't sit back and reap the tax revenue without creating the regulatory infrast...

Australian state government policy is harming society

A damning article in the Melbourne newspaper The Age, reporting on the damage caused by poker machines (also known as slots in the US and fruit machines in the UK). These machines are totally pointless and do not have "any real civilised justification for (poker machines) other than a means of indirectly taxing the people who are too stupid to work out what they are doing". Come on governments of Australia - you look down on some societies for their 'problems', well this is yours and it is endemic. You're all too gutless to ban them, so start restricting their numbers and the places they can be operated. Putting them in regions of high unemployment and welfare reliance is simply stealing from the poor. Almost anything is good in moderation - putting them in every pub in every suburb is like giving every citizen free syringes and a bottomless heroin supply. These machines cause far more devastation to society than people smoking.