[pokerjohnny]

UK government looks to restrict overseas online gaming operators
ONLINE
Reports have emerged that the coalition government is to move to impose tough new restrictions on overseas online gaming operators. The news comes from a 'senior government source', who said that it intends to ban advertising in the UK for online gaming operators based offshore and to stop the use of credit cards used by customers of their websites. At present only gambling operators based in the UK are required to hold a license issued by the Gambling Commission and to pay UK tax on gambling profits. Those operators based offshore thus escape the requirement to adhere to UK gaming and gambling legislation and have the competitive advantage of being able to pay a lower rate of tax. In theory, the new legislation could see those offshore operators who refuse to be licensed and to pay the higher rate of tax cease to trade in the UK.