William Hill reveals Gibraltar plans 27/07/2010 |
|
| |
| |
Bookmaker William Hill has announced plans to establish a new telephone betting operation offshore in Gibraltar.
The move is a response to betting exchanges and offshore telebetting operators, which William Hill says "enjoy tax advantages".
Firms based offshore do not have to pay the Horseracing Betting Levy, which UK-based bookmakers have to pay in order to take bets on British races.
Ralph Topping, William Hill chief executive, said: “This significant change to our telephone business is a response to the challenge of competing with betting exchanges and offshore telebetting operators, all of whom have benefitted from significant cost and tax advantages over UK bookmakers.
"This has made it impossible for our existing business to compete profitably from the UK."
|
| Back |
| |
| |
|
|
 |
Advertisement
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
