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NEW UK LAW ON BETTING:POINT OF CONSUMPTION TAX

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Replies: 83
By:
IanP
When: 19 Sep 14 10:40
From SBR

Matchbook to continue servicing United Kingdom; obtain license09.14.2014
Sources familiar with sports betting exchange Matchbook (SBR rating B+) tell SBR that the company has no plans to discontinue servicing sports bettors in the United Kingdom ahead of October 1st when the new UK Gambling Law will be in effect. The same sources also said that Matchbook will obtain official licensing ahead of the deadline. Sportsbook Review will continue monitoring the whos-in-and-whos-out as the deadline nears. SBR also expects bookmakers who hold licenses to decide early next year if operating with the hefty new overhead is viable.
By:
dave1357
When: 19 Sep 14 14:09
Looks to me like the UKGC must have backed off on the grey/illegal markets issue.  Stars (Rational) have applied for a license and presumably have been allowed to continue with their worldwide operations - perhaps these have been moved to the parent company Amaya?

IanP - you are correct, I seem to have just looked at the word "active" and not the "pending" further down.

btw can't see BwinParty or 888 anywhere.
By:
frog2
When: 19 Sep 14 14:19
39028    888 UK Limited    Olswang    90 High Holborn    LONDON    WC1V 6XX

...

If you download the entire register it says this about 888. If you search '888' nothing comes up.

For Bwin the same is the case. But when you download the entire list an outfit called ElectraWorks Limited comes up:

39011    ElectraWorks Limited    Bwin Party Digital Entertainment    1 New Change    LONDON    EC4M 9AF

An application for them is pending.
By:
frog2
When: 19 Sep 14 14:22
To be fair the whole thing is a disgrace.

The policy change has been sold as a package to protect UK customers yet there is no list on the Commission website starting which URLs are licenced.

An enquiry to the Commission takes 2-3 days for a reply and recieves a link to the webpage where you can check licenses. No explaination as to what happens if a license is pending. If a brand name is owned by a holding company good luck finding its license details.

How are punters supposed to know which firms are 'safe' ????
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