Betfair "Sees Opportunity" In UK POC Tax
Key Takeaways
  • Tax could force out smaller operators, Reuters exec states.
  • The UK is expected to move forward with its plan to gambling tax reform which will require all offshore operators serving the UK market to pay a 15% gross profits tax.
  • Other Gibraltar operators are less enthusiastic.

Gibraltar-based Betfair has stated it expects to benefit from the UK’s plan to implement a 15% tax on UK bets.