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UK to Lower Taxes for Online Casinos

The UK government is believed to become contemplating cutting the tax on revenues from online gambling in an effort to convince far more gambling firms to base their activities in the UK, based on JackpotCity. At present, the rate is set at 15%, but the government is rumoured to become thinking of cutting this to about 10% to bring it into line with other jurisdictions.

Like most created nations inside the aftermath of your economic crisis, Britain’s economy is in the doldrums, and also the government has a large debt mountain to spend off. It really is hoped that by encouraging a lot more on the web gambling firms to base their operations in the UK, especially these UK firms which have moved their operations abroad, they’re able to enhance tax revenue and make jobs.

It is easy to see why the government may possibly be keen to produce the UK far more desirable to on line gambling operators. At a time when most of Britain’s classic industries are struggling, the on the internet gambling industry has been experiencing phenomenal growth. Between 2010 and 2011, the UK on line gambling sector grew by a enormous 32%, accounting for 15% of your domestic gambling market place as a complete. This trend is expected to continue for the next few years, driven by the rising popularity of mobile and social gaming.

Mobile gaming, in distinct, has observed phenomenal growth in current years, and is now the fastest expanding sector inside the gambling market place as a whole. This has been facilitated by rapid rises inside the usage of smartphones for instance Apple’s iPhone and the Samsung Galaxy, and to a lesser extent the growing popularity of tablet computers like Apple’s iPad. The newest figures reveal that smartphone usage jumped 14.2% to 62.3% involving 2011 and 2012, and that nearly a fifth of UK residents own a tablet.

Both varieties of devices permit players to play on the web games at their convenience, undertaking away with all the need to sit down at a laptop and even stop by a casino. A wide array of well-known casino games including Blackjack, Roulette, Poker, and Craps are offered to play at mobile optimised casino web sites like JackpotCity, or by downloading free apps to your handset.

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