Britain’s biggest online bookmakers are drawing up plans for a mass exodus from the country to take advantage of lower tax rates in gambling-friendly tax havens such as Gibraltar, Malta and the Isle of Man.

Posted on August 6, 2009 by Chris F. Masse

“Industry insiders said the 2001 pact had been killed at a stroke by William Hill‘s confirmation today that it is relocating its fast-growing internet sports betting operation to Gibraltar. Ladbrokes is expected to follow shortly and will face a barrage of questions on the subject when it reports its half-year figures tomorrow. Coral, which has a much smaller online operation, will also face overwhelming competitive pressure to emigrate.”

About Chris F. Masse

Founder and President of Midas Oracle
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