One ofthe most popular online Casinos, based in the UK and have put in motion its operations in Gibraltar. Ladbrokes will be the next William Hill Gibraltar.They have take this decision to move their operations to ensure reduced tax rate and increase profits.
William Hill has officially announced their decision to move the operations to Gibraltar. They said that lower rates of taxation in these regions has led to their move operations operating in Gibraltar. Executive Director Chris Bell from Ladbrokes said that casino operations in the UK has become unsustainable and it is one of the reasons that will move their operations until the end of the year.
The games have started to have problems in the UK for months.
In the UK companies pay a tax exceeding 15 percent of revenues, in comparison to Gibraltar where he pays a tax rate of 1.5%.
Brian Walner analyst said the movement that will make those at Ladbrokes is correct because any company would not give up the opportunity to pay with 13.5 per cent less tax.
In many countries competition among companies for online games is more and more intense leading to opening more stores.