British Online Casinos May Be Headed Home

According to a British newspaper, their government is considering a new law that would allow London-listed online casino gambling companies to move their operational headquarters back to Britain's mainland. The goal of the new law, according to sources, would be to provide British gamblers with a safer, more regulated atmosphere.

Party Gaming and 888 Holdings, the 2 largest online casino companies on the London stock exchange, are based in Gibraltar, a tiny British territory located to the south of Spain. Empire Online is based in the British Virgin Islands, another British territory located in the Caribbean to the east of Puerto Rico.

If given permission to operate in London, it would be a huge boost to UK casinos who were devastated last week after the US Congress approved a bill to block financial transactions to offshore casinos.

The newspaper also mentioned a new lobbying campaign by the Department for Culture, Media and Sport to implement a new tax restructuring for London-based online casino companies.

October 8, 2006
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com    Previous Page | Internet Gambling | Top Online Casinos | Submit News!