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Betting shakeup will target offshore bookmakers |
14/07/2011 |
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Press Association |
Offshore betting
operations would have to be licensed under government plans to help fund
horse-racing industry
The
government is to launch a crackdown on offshore betting which will mean
bookmakers operating in Britain, including those based abroad, must be licensed
by the Gambling Commission.
The heritage minister, John Penrose, said:
"We are intending to move as fast as we can towards a system which will fix the
problem of offshore betting.
"We plan to move to a system which will
switch away from the current organisation which has driven many bookmakers
offshore."
Speaking to MPs on Wednesday night, he said the revamped
industry would be based on the point of consumption rather than production.
"It means anybody based anywhere in the world who wants to sell
gambling services to any consumer based in the UK will, in future, have to have
a Gambling Commission licence."
The Conservative MP Matthew Hancock had
earlier called for bookmakers taking bets in Britain to be run from Britain so
they funded horse racing through the betting levy, rather than being able to
avoid it by being based offshore.
"We need a level playing field by ensuring all gambling in the UK
pays UK tax and UK levy."
He warned that racing prize money was falling
fast and jobs that relied on the "sport of kings" were at risk.
Opening
the debate, Hancock said funding for horse racing had been in crisis for the
past few years.
"The problem is in part because those who make a profit
from the sport through the gambling on it have gone offshore to escape
contributing to the sport on which they rely."
He hoped to put the
sport which "gives so much excitement to so many people on an even keel so its
funding is fair and secure for years to come".
Penrose agreed reform
was needed.
"The levy as it currently stands is broken," he said. "It
does not work and people on all sides whether in the gambling industry
or in racing are pretty united in their criticism of it."
Penrose said the government's plans would be set out in a written
ministerial statement on Thursday.
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