The chips are down for an online gambling rout ~ GIBRALTAR CHRONICLES

Friday 4 March 2011

The chips are down for an online gambling rout

03:05 Social Enterprize No comments

The chips are down for an online gambling rout : "Bright logos and promises of untold riches are everywhere to lure the gamblers. The adverts appear during the breaks on television, next to the rugby pitch, sponsoring horse races and even plastered over the shirts of football players.

Millions of pounds every year are spent by companies such as Sportingbet, Party-Gaming, 888.com, William Hill and Ladbrokes on promoting their websites.

Yet those millions of pounds are available only because of the highly generous tax breaks that these companies enjoy by virtue of being located in a variety of offshore tax havens - from the Channel Islands to the Isle of Man and from Gibraltar to Malta."

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Gibraltars Offshore gambling sites on the Internet have revolutionized the sports betting industry

Friday 4 March 2011