Casinos Feel Squeeze From UK Poker Tax

In April a new casino tax was introduced in the UK and was designed to align the tax charged in casino poker rooms with taxes levied on other casino games. Prior to this, a 15 per cent VAT charge was placed on revenue made from casino poker rooms but the new tax rate works on a sliding scale starting at the previous 15 per cent rate and rising as high as 50 per cent. The new tax simply combines the revenue from other casino games with that from poker with the casinos with bigger revenues subject to the higher tax rates. This new tax regime is likely to predominately affect London and big city casinos with most of them having to pay the higher 50 per cent rate.
Casino operators are complaining that this tax doesn’t take into account the unique way casino poker rooms operate and believe its unjust to charge them 50 per cent on poker revenues even before running costs, staff wages and rent have been considered. Further complaints are that the bigger casino venues, such as Grosvenor Victoria Casino in London and Nottingham’s Dusk Till Dawn Poker Club are being targeted and will be the big losers with the only real beneficiaries being the vast number of illegal venues which have cropped up in abundance over the years.
Martin Ramskill, General Manager of the Grosvenor Victoria casino summed the situation up by saying “the government appears to have misunderstood the effect of its actions….by taking away the VAT rate and introducing normal gaming duty to poker rooms, it could mean that charges might now need to be raised to try and cover the extra costs. This may well have the effect of driving poker players to illegal card rooms that don’t pay taxes and may even create a demand for such venues, which runs counter to its stated aim of keeping criminality out of gaming”.

Other news:   Multi-state online poker compact bill introduced in Pennsylvania

Poker News
Japan Introduces Responsible Gambling Bill
28 May 2018
Japan’s bicameral legislature, known as The National Diet, consists of an upper House of Councillors and a lower House of Representatives, with the latter having started discussing the Integrated Resorts Implementation Bill last week. Being debated is the regulatory framework required in order to set up an efficient and well functioning casino market in the
Ohio Casino Revenue Up 1% to $71.8m in April
17 May 2018
The Ohio Casino Control Commission has released its gambling results for April, with the state’s four casinos collecting $71.8 million last month, up by almost 1% compared to the prior year. Meanwhile, the Buckeye State’s seven racinos fared considerably better, with their revenue rising by 8% to $89.7 million from their slots and video gaming
NJ Generates Record iGaming Revenues in February
15 May 2018
In April, New Jersey’s online gambling market saw its revenue rise by 10.6% to $23 million versus the same month in 2017, with the amount posted second only to the record $25.6 million collected in March 2018. As a result, the Garden State has now generated $92.5 million over the first four months of this
Virginia Poised For Historical Gambling Expansion
11 May 2018
Virginia is among the country’s more conservative states when it comes to gambling, and for many decades has resisted the allure and revenues that the industry might bring. In the 1990s, for instance, its legislature turned down a push for riverboat gambling, and the following decade Internet gambling cafes were outlawed. For the past five