Thanks Munk. Yeah I’ll do that to be on the safe side then cheers.
Originally Posted by munk
Btw the Bet365 Gibraltar licensing seems weird with the timing. If they were already UK licensed anyway the new laws wouldn’t affect them.
Unless they’re now moving all their non-UK business through Gibraltar to pay the lower tax there and reduce costs?
If the business rates in Gibraltar are lower than the UK then perhaps they've calculated that they can offset the POCT tax they now have to pay. Which begs the question: was it really worth UK gov bringing in the point of consumption tax if nearly everyone decides to jump ship and move overseas, eradicating lots of UK jobs in the process?
Originally Posted by klove
Seem marathonbet still like us, shame I can only get 27p on!!......
Dear Marathonbet Customer,
Following changes to UK gambling legislation, we would like to advise you, as a Marathonbet customer from the United Kingdom, that as of November 1st, Marathonbet.co.uk will be regulated by the Gambling Commission (under transitional arrangements).
Whilst some other major betting operators have decided to withdraw from the UK in recent weeks, Marathonbet would like to reiterate their strong commitment to the UK, complimenting their British business with a fresh and diverse approach to sports betting, offering the widest range of events and markets to bet on, and better odds than you will discover anywhere else!
How will this affect you?
From November 1st 2014, all our UK customers registered with Marathonbet.co.uk will be licensed and regulated by the Gambling Commission.
Please see the FAQs below for further information:
1. Why is Marathonbet.co.uk now regulated by the Gambling Commission?
The new Gambling (Licensing and Advertising) Act 2014 comes into effect as of 1st November 2014.
This new bill now includes national regulation for online and mobile gaming operators, part of which makes it compulsory for betting companies to be licenced with them in order to provide services to UK residents.
If any online or mobile betting company wants to continue accepting customers in Britain, then they have no other option but to get a licence with the Gambling Commission for their UK players.
Any company not licensed with the Gambling Commission that are still accepting UK players are breaking the law!
2. Will the web address change?
No. Our web address is still going to be www.marathonbet.co.uk. You will be able to find your favourite sports in exactly the same way.
3. Who do I contact in the event of a dispute?
We will do everything that we can to ensure that any serious complaint or dispute is resolved by our Customer Care team. However, in the rare instance that a dispute cannot be satisfactorily concluded by us, all disputes regarding Marathonbet.co.uk, whether you are from the UK or not, should be submitted to the Alderney Gambling Control Commission (AGCC).
4. How will the new “Point of Consumption” (PoC) tax affect me?
You may have heard this term mentioned in news articles around the changes to UK licensing, but Point of Consumption (PoC) strictly affects betting companies only. You as a Marathonbet customer will not be affected, nor will you need to pay “tax” on any bets you place with us.
Our thanks and commitment
Marathonbet would like to thank you for your loyal custom.
If there are any queries that you have around your Marathonbet account, please do not hesitate to contact our Customer Care team at email@example.com, who will be more than willing to assist you.
Post Thanks / Like
The answer to that must be an emphatic "no". I do hope that the powers that be will see straight through the junior minister who has tried to make this additional revenue-earning exercise his thesis to qualify for a bigger job. He has failed all the way, particularly as a Conservative. He has destroyed UK jobs, he won't get any significant additional tax revenue for the UK coffers, some of the gamblers he has p****d off might now have to claim benefits, he has reduced competition in the bookmaker market, and he has damaged the confidence of bookies in the UK market. There's almost nothing he could have done worse. The benefits of this change in legislation were right from the start limited to furthering the career of a politician. Hope he loses his seat in the next election, before he can do more damage in other areas. Although I think it might already be too late, as he seems to have been promoted before the new law got through Parliament.
Originally Posted by munk
Post Thanks / Like
I don't know about blaming any one particular minister or individual(s) for it, I think generally it's just the fact we're at the dog end of a Tory government and for better or worse they tend to implement regressive taxation regimes, gambling being one area which is ripe for the picking in that respect (in as much as gambling by and large is done more by the poorer in society). Although you could posibly also blame previous governments for leaving the door open on the possibility of reform in the Gambling Act 2005(?), I think after the act was introduced it was always said that it would be revisited within x amount of years to see if it needed tweaking and obviously it was decided that it could be tweaked to squeeze a few more pounds out of people's pockets (or to improve the safety of online gaming for the good citizens of the UK, whichever way you want to look at it!).
Here's hoping a future government will re-reform the Act.
As one of the reasons for this Act was player protection, will the GC now have a proper complaints procedure for players?
I hadn't heard about player protection being a reason for the legislation, just thought it was to raise tax revenue because of major bookies moving offshore to avoid tax.
What have they said regarding player protection that’s going to change now compared to before?
Would it be worth doing a post with a list of what books are going (and the date) and what books are staying and have confirmed it via email ?
As a valued Luxbet member, we are writing to you in regards to some changes to your Luxbet account.
Due to new UK gambling laws, from 1 November 2014 anyone residing or based in the UK will no longer be able to bet via our Australian website. However, our UK customers can now do so from our new Luxbet Europe website, www.luxbet.co.uk ;
The new Luxbet Europe website still offers the exact same betting options, Bonus Offers and Member Specials, and is still backed by Tabcorp so you can continue to bet with confidence.
It is extremely easy to open a Luxbet Europe account, simply click the link below and complete the form.
To Transfer Now, click here
If you open a Luxbet Europe account by 14 November 2014, we will credit your new Luxbet Europe account with a £150 Bonus Bet.*
All existing credits in your current account will be transferred to your new account within 48 hours of opening your new account (subject to any pending bets).
Any bet you make via your Luxbet Australia account before 1 November 2014 for events resulting after this date will still be honoured, with winnings or refunds paid into your new Luxbet Europe account.
If you choose not to open a Luxbet Europe Account, you can continue using your Luxbet Australia account until 11.59pm (AEST) 31 October 2014 upon which time it will be automatically closed due to the new laws. Once all existing bets are discharged, you will have to contact Customer Service to organise a funds transfer.
If you'd like any further information or help with opening a new Luxbet Europe account, please contact our UK Customer Service team on 08 081 453 706.
We look forward to continuing to deliver you a first class gambling experience.
Luxbet Customer Service
Some legal information you need to know:
Your existing account is with Luxbet Australia.
The new Luxbet website will be operated by Luxbet Europe Limited (Luxbet Europe) under a betting license issued by the Isle of Man Gambling Supervision Commission.
From 1 November 2014, you will no longer be able to login to your current Luxbet account or make bets via the Australian website.
Once all bets are finalised and all existing credit is transferred to your new Luxbet Europe account, this will discharge Luxbet Australia's obligations to you in respect of the relevant amounts.
Click here to see the Luxbet Europe terms and conditions.
* Bonus Bet cannot be withdrawn as cash and and is subject to turnover requirements. Any unused Bonus Bet will expire after 30 days from the date of allocation. Full terms and conditions available at luxbet.co.uk
Post Thanks / Like
Interesting message just come through from Super Lenny about their aff scheme
Obviously not everyone is attached to an affiliate account (we appreciate it if you use the links in the review section!!) but would seem affiliates are taking some of the taxation hit..........or we'll get the equivalent of double taxation!
And for you as an affiliate??
The main change is that we will deduct 15 % from the gross gaming revenue prior to the net gaming revenue calculating your commision due to the new tax laws. Besides that everything will pretty much remain the same. Even your old rusty affiliate managers are going be by your side as always.
By elvch01 in forum Player Support / Gaming Site Feedback / General Complaints
Last Post: 10/08/2011, 23:06
Tags for this Thread