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  • More Debate on UK Online Gambling Tax

    More Debate on UK Online Gambling Tax More Debate on UK Online Gambling Tax By: Joe Valentino, Tuesday February 21st 20120 Comments   Email   PrintThe British government has been for some time working on a proposal that would require offshore online gambling operators to obtain secondary licenses and pay taxes in the UK. At current rates of [...]

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  • Second Microgaming Rhyming Reels Slot Online

    Second Microgaming Rhyming Reels Slot Online Second Microgaming Rhyming Reels Slot Online By: Shirley Spicer, Monday February 20th 20120 Comments   Email   PrintThe second online slot in the Microgaming Rhyming Reels series took a long time in coming – one year and one month to be precise. Rhyming Reels Queen of Hearts was launched at Microgaming online [...]

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  • Cherry Red Online February Winners

    Cherry Red Online February Winners Cherry Red Online February Winners By: Joe Valentino, Monday February 20th 20120 Comments   Email   PrintIt is not very often that one sees the names of American players on the winners’ lists at online casinos. There are much fewer online casinos that accept players from the United States to start with, and [...]

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]]> http://FIRST-ONLINE-CASINO-DIRECTORY.COM/articles/204/feed/ 0 More Debate on UK Online Gambling Tax http://FIRST-ONLINE-CASINO-DIRECTORY.COM/news/more-debate-on-uk-online-gambling-tax/ http://FIRST-ONLINE-CASINO-DIRECTORY.COM/news/more-debate-on-uk-online-gambling-tax/#comments Wed, 22 Feb 2012 01:36:05 +0000 admin http://FIRST-ONLINE-CASINO-DIRECTORY.COM/?p=4843 More Debate on UK Online Gambling Tax
More Debate on UK Online Gambling Tax By: Joe Valentino, Tuesday February 21st 20120 Comments   Email   PrintThe British government has been for some time working on a proposal that would require offshore online gambling operators to obtain secondary licenses and pay taxes in the UK. At current rates of taxation it has been estimated that government is losing revenue of £300 million a year. The Independent newspaper carried out interviews with the industry leaders to ascertain their views. The two top online gambling operators that have not moved offshore are Gala Coral and Bet365. Gala Coral’s chief executive Carl Leaver stated that onshore betting taxes are crippling his business and not providing any competitive advantage. Therefore the decision to move offshore is under “constant review”. Leaver wants equalization of onshore and offshore taxation. Tory MP Matt Hancock has already prepared a draft bill in which taxation would be based on the location of the online gambler rather than of the location of the servers of the operator. This would eliminate the onshore versus offshore distinction completely. Hancock has taken his cue from a 2011 South African high court ruling. The penalties provided in the bill for offenders include halting advertising in the UK and prosecution of operators if they enter Britain. The Department for Culture Media and Sport, which is responsible for the regulation of UK online gambling, has stated its commitment to a Government sponsored bill as soon as Parliamentary time allows. It may be 2014 before there is time for online gambling on the Government’s agenda. Therefore, if Hancock’s bill reaches the committee stage, the ministry will support it with a few technical amendments. Ladbrokes is one of the online gambling operators that have moved offshore. Ciaran O’Brien its corporate affairs director, made a case against raising online gambling taxes any further. He cited figures from the Association of British Bookmakers that the gambling industry paid £1 billion in tax and retained only £600 million as profit. He said, “We are working harder for the government than we are for ourselves.” He pointed out that high tax rates would eventually bring in unlicensed sites. In the past such sites have not only operated with impunity but have also advertised their services. O’Brien advocated a reasonably low rate of online gambling tax to be levied at the point of consumption. Meanwhile the land casino operators have sounded a different call. Their representative body, National Casino Industry Forum, called for higher taxation on online casinos to bring them on par with land casinos. The Forum chairman Malcolm Moss told Sunday Telegraph that offshore casinos pay no tax in the UK while land-based casinos pay up to 50% tax. Leaver of Gala Coral, which is also into land based gambling, pointed out that land casinos and betting shops create jobs in the UK and pay rent on the high street, which online gambling operators do not. Clearly the Government’s job is not going to be easy. News Item Tools  Email     Print     Digg     Del.icio.us    StumbleUpon Comments  Add Comment Add Comment You must be signed-in to add a comment: – Sign-in – Register More News More Debate on UK Online Gambling TaxSecond Microgaming Rhyming Reels Slot OnlineCherry Red Online February WinnersInterCasino Celebrates Oscars with Movie Slots OnlineCasino Tropez Carnival Offers

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Second Microgaming Rhyming Reels Slot Online By: Shirley Spicer, Monday February 20th 20120 Comments   Email   PrintThe second online slot in the Microgaming Rhyming Reels series took a long time in coming – one year and one month to be precise. Rhyming Reels Queen of Hearts was launched at Microgaming online casinos in February 2011. The second slot game will go live in March 2012. If the earlier Rhyming Reels featured a sexy Queen of Hearts, the new one will feature a natty Old King Cole. King Cole has received a makeover and so have his accessories. In the original nursery rhyme he calls for his pipe, and calls for his bowl and calls for his fiddlers three. The pipe has been replaced with a hookah. The bowl is filled with colorful fruit loops. Instead of the boring fiddlers the musicians are three rocking girl guitarists. Other symbols include a gold compact disc and the usual high value card symbols. The free spins are triggered by the king’s crown scatter symbol in Old King Cole, as it was in the Queen of Hearts. When the crown appears anywhere on reels 3, 4 and 5, the players are awarded 12 free spins with a multiplier of up to 7 times. An additional wild symbol is added to the reels during the free spins round, improving the payout potential. The free spins bonus round is made even more attractive by the possibility that it can retrigger with similar multipliers. Players at Microgaming online casinos missed a second feature in Queen of Hearts. Therefore the standard but popular Gamble Game has been included in Old King Cole. After each payout, players can elect to predict the color or suit of the next card dealt to double or quadruple their winnings. But they must be cautioned not to get too adventurous because a wrong guess will result in a total loss. The parameters of Old King Cole are slightly different from the earlier Rhyming Reels slot game. Being a video slot it has 5 reels. There are 20 paylines. The maximum bet is 100.00 in this online slot game. Wagering with this maximum bet players at Microgaming online casinos can win over 17,000.00 in the base game and over 120,000.00 in the free spins. Rhyming Reels Old King Cole will go live simultaneously at all Microgaming online casinos in March. CasinoAdvisor recommends Golden Riviera, Jackpot City, Vegas Palms and All Slots. The release of Old King Cole will also increase the traffic on Queen of Hearts. Players are sure to enjoy wagering on these two Rhyming Reels slot games for a while because they do not know when the third game in this series will be released and which nursery rhyme will be chosen. News Item Tools  Email     Print     Digg     Del.icio.us    StumbleUpon Comments  Add Comment Add Comment You must be signed-in to add a comment: – Sign-in – Register More News Second Microgaming Rhyming Reels Slot OnlineCherry Red Online February WinnersInterCasino Celebrates Oscars with Movie Slots OnlineCasino Tropez Carnival OffersEuropean Court Rules for Online Gaming Operators

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