Power Station Blast Blacks-out Best of Breed British Online Gambling Brands

Posted by Gambling News | Gambling News | Sunday 11 May 2014 5:59 pm

Gibraltar has become one of the favourite destinations for some of the biggest and best British online gambling ops. They run operations offshore from this site, simply due to the fact that British taxes would otherwise cripple their businesses. Well… the word "cripple" might be a little harsh, but operating in the UK would certainly take a large slice off their bottom line. So, companies that are recognised as best of breed brands, operate in offshore territories such as Gibraltar, Malta, Alderney, Isle of Mann and so on.

One of the busiest weekends for these gambling giants is the Easter Bank Holiday weekend; where companies such as William Hill, and Ladbrokes make a killing. They run all kinds of superb promotions to keep their members playing online and winning.

An explosion and fire at a Gibraltar power station which blacked out much of the British outpost also caused major worldwide disruption to the online betting industry, with gambling giants Betfred, William Hill, and Ladbrokes among the operators taken offline. This Easter Sunday was not great for fans of these websites however, as a power station generator exploded, but at least no one was harmed. Although a few bingo balances might have taken a knock.

Residents of the small British-held peninsula which is situated on the southern tip of Spain experienced, thick billowing smoke, and were warned to keep windows closed. Many of these residents are also employees at online gambling firms. Gibtelecom services came down like a house of cards, and gambling firms struggled for some time to resume normal operations.

There are Twenty-six gaming operators in total that do business from these shores. The industry has changed Gibraltan fortunes quite significantly, and it is estimated that 60% of all Internet gambling transactions flow through these virtual casino doors. However things could be changing dramatically quite soon.

The British Government is enacting new taxation regulations that encompass taxing any firms that offer gambling services to British residents. The Government of Gibraltar has made their feelings known, as this industry is not a standalone business; it attracts an entire ecosystem of industry players which contributes massively to this small economy. They are in the business of creating magic for millions of online gambling fans, and new tax laws, rules, and regulations will have a substantial impact on how things have been run for the past fifteen years.

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