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News > 12 Mar 2008
British casinos were significantly affected by last year's tax changes, yet the current year is expected to be much more successful. According to budget analysts, not only will profits increase but the number of casino regulars is also bound to rise.
British casinos and bingo revenues, who currently pay 15% Gross Profits Tax, have been lobbying the government over what they believe to be a double taxation, for several years. As such, much hope if riding on Alastair Darling to eradicate the VAT, on British casinos, currently standing on 17.5%. Yet analysts believe this may not be so tangible for bingo centers at the moment.
The government has also recently imposed on British casinos an 18 hour a day limit to their opening hours. However, this particular change is expected to attract a more concentrated client base for British casinos.
Such an increase in customers is especially probable considering that the amount of British casinos is expected to double within the year. Already confirmed and official, 125 smaller British casinos and 16 regional gambling centers will be added to the 144 that are already operating around the country.
Much of the increase in British casinos has been attributed to the Labor party, who was voted into power at about the same time that the increase in British casinos began. The main question on the minds of many online gamblers is whether or not such changes will affect the UK's online gambling industry or not?