Tag Archives: POC

CJEU rules against GBGA’s Gibraltar separate gambling tax status

The European Union Court of Justice (CJEU), the EU’s principal law court has ruled against the motion set by The Gibraltar Betting & Gaming Association (GBGA), that the British overseas territory of Gibraltar should be treated as an independent tax jurisdiction. The GBGA had set its EU legal dispute against the UK government relating to ‘Point-of-Consumption (POC)’ taxes introduced in …

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Gambling framework inconsistencies sees South Australia implement ‘POC’ tax

Presenting new budget plans, the South Australia state treasury is set to introduce a ‘place of consumption’ (POC) tax for all licensed gambling operator services regardless of Australian jurisdiction.   Updating the media, SA treasurer Tom Koutsantonis detailed that the budget measure expects to generate approximately AUS $9.2 million a year from betting operators targeting SA consumers. The SA POC …

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888 Holdings posts ‘resilient 2015’ despite increased regulatory impacts

Presenting its audited full-year 2015 results (period ending 31 December 2015), the governance of FTSE listed igaming operator 888 Holdings (888) has described 2015 corporate performance as resilient in facing imposed regulatory impacts. Outlining 2015 core metrics, 888 would post group revenues of $462 million (£320 million), 2% up on 2014’s $455 million. The operator noted that on a like-for-like …

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Online performance boosts Gala Coral’s quarter

Gala Coral has bucked a trend by announcing good trading figures for the group’s third quarter period, ending 4 July. Net Revenue of £305.0m was 6% ahead of last year, and EBITDA of £65.7m was up 8%, boosted by continued growth in Online and Gala Retail. The figures are despite the £7.2m extra costs of gaming machines caused by an …

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David Clifton – Licensing Expert – CJEU to rule on EU law issues raised by GBGA challenge to POC tax

Gambling industry legal expert David Clifton (Clifton Davies Consultancy), examines the GBGA’s tax and competition based challenge against the UK POC regime, as the case reaches the higher courts of European Union Law.    The Gibraltar Betting and Gaming Association (GBGA) has been celebrating what must by any account be regarded as an intermediate victory in its judicial challenge to the …

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£79 million expense costs see Ladbrokes post H1 profit slump

Reporting on its half year 2015 performance (period ending 30 June), FTSE250 betting operator Ladbrokes Plc posted group operating losses of £41.4 million (after tax). As expected by business analysts Ladbrokes’ retail betting division had been hit by a £51.8 million impairment charge, following a strategic review of its 2169 betting shop portfolio. The write-down of retail assets, would form …

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PokerStars gains Irish Remote Bookmakers Licence

Amaya Inc igaming brand PokerStars has confirmed that it has been granted a Remote Bookmakers Licence by the Irish Revenue Commissioners the regulatory body for betting in the Republic of Ireland. Ireland passed its new ‘Gambling Act 2015’ last April, aiming to introduce new amendments and regulations to the governing of online gambling services. The introduction of the act will …

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Brian Kavanagh – HRI – No delay for the implementation of Irish betting bill

Chief Executive of Horse Racing Ireland (HRI)  Brian Kavanagh has stated that there will be no delay to the implementation of Ireland’s new betting tax framework, which mirrors closely the UK’s POC system introduced last December. Kavanagh backed his statement, despite the UK POC being referred to the European Court of Justice (ECJ) by the Gibraltar Betting & Gaming Association (GBGA). …

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GBGA challenge sees POC tax referred to EU courts

The European Court of Justice should be referred to on important issues concerning the legality of a tax imposed on overseas gambling operators, according to a judgment handed down by the High Court, which could have major implications for the UK’s point of consumption regime. Law firm Olswang has claimed that if the current tax framework is found to be …

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Phil Fraser – WhichBingo – Bingo in 2015

SBC discusses the current state of the online bingo market with Phil Fraser, the owner of player portal Whichbingo.co.uk. Once a burgeoning market for operators, online bingo has now hit maturity and saturation, Fraser addresses current consumer habits and trends, and gives further insight on operator marketing initiatives. Phil Fraser has been involved in the online bingo industry since its …

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