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2nd Reading To UK Offshore Gambling Bill

Wednesday, 27th June 2012

The UK Offshore Gambling Bill "will receive its 2nd reading on January 13 next year" reported racingpost.com. Matthew Hancock MP (whose constituency includes Newmarket & who introduced the bill) "will present it to the speaker to formally claim the slot on Monday". The bill "will bring about a new point-of-consumption approach to gambling licensing, charging tax on a punter's location rather than a bookmaker's". All but 1 of Britain's 20 largest bookmakers "currently operate their online businesses from off-shore, avoiding up to £300 million (A$480) per year in tax, according to Hancock". Hancock's fellow MPs Charlie Elphicke, Ben Gummer & Thomas Docherty "slept through the night in Parliament to help ensure the bill received 1 of just 13 slots for back-bench led legislation over the next year". Hancock declared: "It is great news for racing that the Offshore Gambling Bill has secured a slot for a 2nd reading. The bill is now firmly on the path to becoming law, which can't come soon enough for many of my constituents in Newmarket & the rest of the horseracing industry."

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