Showing posts with label UK. Show all posts
Showing posts with label UK. Show all posts

Friday, February 24, 2012

Spin and Win UK Online Casino Launched SpinandWin.com


Spin and Win Casino Launched
Spin and Win Casino is a new UK online casino that offers a number of branded games and a free casino bonus of GBP20 with no deposit required.

LONDON, ENGLAND, 
February 23, 2012 


UK slot players have a new gaming destination to look forward to - introducing Spin and Win Casino, a unique gaming site that can be found at http://www.spinandwin.com.


A spokesman for Spin and Win said, 'We have put together a super selection of games including slots, video poker, instant wins and much more. Our commitment to our members is paramount and Spin and Win is all about ensuring that our players have a memorable gaming experience, right from the moment they sign up."


New players are welcomed with a free registration bonus of GBP20 to play any slots games or card games they like after which they can avail the GBP260 welcome bonus which consists of a 1st deposit 100% cash match bonus of up to GBP100 + GBP10 followed by a second 50% cash match bonus of up to GBP50 and a third 100% cash match deposit of up to GBP100.


Players can enjoy their favourite games and conduct transactions in a safe environment. The spokesperson commented: "We understand just how important it is for our players to feel safe and everyone who plays casino games at Spin and Win will feel secure and have great fun at the same time."


In terms of games, there is a host of branded offerings including slots like Rainbow Riches slots, Da Vinci Diamonds slots, Star Trek slots game, Monopoly slots, Transformers and much more.


Spin and Win has a generous six tiered loyalty program in place with Bronze, Silver, Gold, Ruby, Emerald and Elite Diamond levels and members have access to monthly cashbacks, free roll tournaments, birthday bonuses, VIP raffles, a dedicated VIP manager and much more.


In terms promotions, members have a lot to look forward to with offers like the 5% Cash Back for Life which is available for a limited period, the Game of the Month offer, Daily Dips and much more.


Spin and Win Casino is licensed and regulated by the Alderney Gambling Control Commission.
Spin and Win is a new unique multi currency casino that combines a range of casino games from IGT, Sheriff Games and Microgaming Games.
Website: http://www.spinandwin.com

Tuesday, February 21, 2012

UK is the loser in betting exodus Offshore gambling operations are estimated to cost the Government £300m a year in tax revenue

UK is the loser in betting exodus
Offshore gambling operations are estimated to cost the Government £300m a year in tax revenue
JAMES MOORE    
2/21/2012
Independent

The last major gambling company with an onshore sportsbook is set to quit Britain if the Government fails to equalise the tax paid by offshore operations with what UK firms pay. Gala Coral's group chief executive Carl Leaver says this would be "sad", but warns that onshore betting taxes are crippling his business against rivals.

The location of the group's online sportsbook is now under "constant review". Industry figures suggest that the Government is losing £300m a year as a result of the gambling industry's internet and telephone operations moving offshore. Coral and Bet365 are the only two major firms left in the UK.


Tory MP Matt Hancock, whose Suffolk constituency includes Newmarket, horseracing's HQ, thinks he has the solution. He has tabled a Bill which would change the way the tax works by charging it on the punter's location rather than the bookie's.

This would be achieved by making it illegal for a company to accept bets from UK citizens without paying the tax and holding a licence from the Gambling Commission. For the sake of some of his important constituents, Mr Hancock also wants the levy on bookmakers racing profits – which funds the sport – to be treated similarly.

Just as Government revenues from the tax have been tumbling, so has the levy, and horseracing is in the midst of a funding crisis as a result.

Mr Hancock's Bill has its second reading on 30 March, although as a "10-minute rule bill" it faces an uphill struggle for Parliamentary time.

"The Bill (would) bring the main offshore gambling platforms onshore by making it illegal for them to accept bets without paying tax and levy. It will be classified as a bet in the UK if that is where the punter is," he says.

Some betting companies might chose not to comply. But, says Mr Hancock: "They would be illegal. Of course you have to make enforcement effective, ban their ads, and their executives wouldn't be able to come to the UK without facing sanction."

A spokesman for the Department for Culture Media & Sport says the Government supports the intention to regulate remote gambling on a "point of consumption basis" and is "committed to bringing forward a Government Bill as soon as Parliamentary time allows".

But that won't be this year – or next year. However, if Mr Hancock's Bill passes its second reading and reaches committee stage the ministry says it will be supported "albeit with a few technical amendments".

Mr Leaver would be relieved at that prospect, because for his company, time is running out: "Right now there is no competitive advantage to being onshore other than, perhaps, securing a better relationship with racing and even that is debatable."

He is also annoyed that betting shops "which create jobs in the UK and pay rent on the high street" are crippled by taxes which "remote" rivals don't face.

"That seems a topsy turvy situation because offshore creates no employment. We want to see all offshore gaming taxed in the same way and at the same level as onshore. If not, then there is no way we could continue to see ourselves disadvantaged in this way."

Those bookmakers that have moved offshore are wary. Ciaran O'Brien, corporate affairs director at Ladbrokes, says: "We pay more tax than we retain in profit. The Association of British Bookmakers' figure for the industry shows that it paid £1bn in tax and yet retained just £600m in profit. We are working harder for the Government than we are for ourselves.

"Let's say you set a very high tax rate. How would you enforce it? There will be a lot of people outside the net. The experience of the Government here when they extended the gross profits tax at 15 per cent (in 2005) was the death knell for any operators onshore."

On the issue of enforcement, Mr O'Brien argues that even when advertising gambling was banned under the old Gaming Board, ads still appeared for offshore online casinos on the tube.

He adds: "We would welcome a full, proper review. The sensible option would be a low rate (for remote gaming) to bring everyone in, at point of consumption. The other option would be a rate of say 10 per cent for all betting."

Mr Leaver would agree with the latter: "We would like to see some of the money that the Government recovers (from offshore gambling) invested in easing the burden on outlets like betting shops and bingo halls which create jobs."

Interestingly, at least one offshore operation is now looking to move onshore. Bodog, based in sunny Antigua, is about to relocate here.

Its UK chief executive, Patrick Selin, says: "All over Europe you are seeing a trend to make taxes on gambling higher. Different countries are doing different things to enforce this. Some are trying to get ISPs (internet service providers) to block gaming, others to get the banks to stop dealing with betting sites.

"The UK has the best tax. The lowest of all in Europe. There are benefits from being onshore too. You are more credible and there are more marketing tools, deals with newspapers, football clubs. It is also easier to employ talent."

As for horseracing, it should be cheering from the sidelines. But maybe not.

Will Lambe spokesman for the British Horseracing Authority (BHA) says there is a problem: making the levy part of a "point of sale" gambling tax could violate EU rules on state aid for industry.

"Certainly it is clear that the regulatory system for remote betting platforms isn't working... but there are state aid concerns if you bring in secondary licencing (along with a new tax)."

William Hill, the largest levy payer in the UK, agrees: "There are state aid issues in extending the current levy scheme to offshore operators through any mechanism. Levy would not necessarily follow regulation or tax."

And as for that tax? "There is now a significant body of evidence... which shows that a controlled closing of the UK market at a double-figure tax rate with weak enforcement will be bad for customers, bad for competition and would produce limited tax yield."

Both the BHA and the bookies say they support replacing the levy with a commercial deal. Ministers have been pushing for this too, although they inevitably end up with refereeing a new levy (which is statutory) each year.

The BHA now wants bookies to pay for a "right to bet" on horseracing: "We need to capture all betting on racing, no matter what the platform is. We need a level playing field," says Mr Lambe.

Wednesday, February 1, 2012

Worth the risk? UK goes for broke with supercasinos

Worth the risk? UK goes for broke with supercasinos
A high-stakes expansion is set to sweep the nation. Jonathan Brown reports
Jonathan Brown
Monday, 30 January 2012
The Independent

An unprecedented expansion in Britain's casino industry is under way, with plans to create a new generation of gambling venues larger than anything seen in this country before. It is estimated that casinos in a dozen towns and cities could generate up to £250m a year in winnings for operators and potentially pave the way for the return of controversial Las Vegas-style super casino complexes, an idea ditched by Gordon Brown in one of his first acts as Prime Minister.

Place your bets: casinos coming your way

Church groups are urging caution over any further rapid growth in Britain's casino base, fearing it could swell the number of problem gamblers and hit poor families. The addiction charity GamCare said that the growing number of gambling outlets underlined the urgent need for education over the risks associated with gaming.


Leighton Vaughan Williams, the director of the Betting Research Unit at Nottingham Business School and an adviser to the government, said the new casinos were always intended as a testbed for future expansion. "We have waited a long time. It has been years since these were chosen and people were starting to forget they had ever been given the go-ahead," he said. "This could be the beginning of something very big. Without this the casino industry would be stuck where it is now."

The new venues are expected to swell the gross win estimate – the amount lost by punters to the house – by 30 per cent, pushing the figure above £1bn a year for the first time.

In December last year the first of eight so-called large casinos created under the 2005 Gambling Act opened its doors, close to the Olympic Park at Westfield shopping centre in Stratford, east London. Next month councillors in Solihul in the West Midlands are expected to give the green light to a £120m gambling complex at the National Exhibition Centre.

Similar schemes are also well under way in Hull, Middlesbrough, Great Yarmouth, Southampton and Milton Keynes, with decisions due in the coming months. Last week Leeds invited applications from operators seeking a licence there.

Large casinos will be able to offer 30 gaming tables for punters to play blackjack and poker as well as 150 fruit machines paying out a maximum jackpot of £4,000.

Another five authorities – Bath and North East Somerset, Luton, Swansea, Wolverhampton and Scarborough – are planning to exercise their right to host "small" casinos. Despite their name these will be bigger than any of the 145 casinos now operating, with the exception of Stratford. They will offer 40 gaming tables and 80 fruit machines paying out top prizes of £4,000.

Some local authorities such as Southampton and Hull see the casinos as central to ambitious regeneration plans. Others see them as a ready source of revenue to promote run-down areas.

Aspers, which runs the casino in Stratford, has agreed to pay Newham Council a minimum of £1m a year from its revenues as well as creating 440 jobs.

But the gaming industry ultimately wants to see restrictions relaxed to allow the market to dictate the number of fruit machines and tables at each venue.

A spokesman for GamCare said there was little evidence to suggest the expansion would lead to more problem gamblers – currently estimated at 0.9 per cent of the population. He said: "Casinos in Britain are well regulated and we will be encouraging and helping any new casino to ensure all staff are expertly trained to spot someone who is potentially in trouble and quickly signpost them to our national helpline and counselling services."

The former Labour government carried out a dramatic about-face over casino expansion. At the height of his ambitions for the industry Tony Blair was said to support the creation of 30 super casinos, each with 1,250 slot machines and unlimited jackpots linked to huge hotel complexes, as well as 100 large and 50 small venues.

But Labour bowed to pressure from backbenchers and church groups and scaled back the plan to just one regional casino which was unexpectedly awarded to Manchester over Blackpool and the Millennium Dome.

Church groups including the Salvation Army and the Quakers have recently stepped up their campaign urging the Government to introduce a compulsory levy on the betting industry to fund research, education and treatment for problem gambling.

Daniel Webster from the Evangelical Alliance said it was important there should be no further liberalisation of the gambling laws until the full impact of the 2005 Act was understood. "We are really concerned that a culture is being created where gambling and losing money is seen as normal," he said.

James North, public issues policy adviser for the Methodist Church in Britain, said: "The figures speak for themselves: problem gambling is on the rise. But the government seems determined to liberalise gambling laws. It is vital that the government understands the challenge posed by this worrying increase in harmful gambling and takes action to reverse it."

VIEW FROM THE SLOTS 'BETTER TO HAVE LARGER CASINOS, FURTHER APART'

It takes a few moments for the eyes and brain to adjust from the light of a late-January afternoon to the flashing lights of 150 slot machines in Aspers casino in the Westfield Stratford City shopping centre, east London. Once they have, the most striking thing about the UK's largest gambling house is that it really isn't that big. Moreover, it doesn't appear to be inhabited by desperate-looking people, pouring the remainder of their souls into a flashing machine which will only ever let them win enough to keep them coming back. Perhaps mercifully for the early afternoon, it doesn't seem to be inhabited by that many people at all.

Syed Naeem Kazmiu, 18, said he had been told by staff that he is one of the youngest they see at the casino. "I have probably dropped around £2,500 in the last two weeks," he said. But, he added, "I play for the fun. I put down money when I can afford it and, when I can't, I don't."

Poppy Smith, 35, from Los Angeles, said: "At home, large casinos bring the surrounding areas down but I don't know if it would be the same here. It is not just about the size of the room, though." Another customer said: "It is probably better to have larger casinos, further apart, than lots in small towns. That way, fewer people have them on their doorsteps and will just fall into them."

KEVIN RAWLINSON

Worth the risk? UK goes for broke with supercasinos

Worth the risk? UK goes for broke with supercasinos
A high-stakes expansion is set to sweep the nation. Jonathan Brown reports
Jonathan Brown
Monday, 30 January 2012

An unprecedented expansion in Britain's casino industry is under way, with plans to create a new generation of gambling venues larger than anything seen in this country before. It is estimated that casinos in a dozen towns and cities could generate up to £250m a year in winnings for operators and potentially pave the way for the return of controversial Las Vegas-style super casino complexes, an idea ditched by Gordon Brown in one of his first acts as Prime Minister.

Place your bets: casinos coming your way

Church groups are urging caution over any further rapid growth in Britain's casino base, fearing it could swell the number of problem gamblers and hit poor families. The addiction charity GamCare said that the growing number of gambling outlets underlined the urgent need for education over the risks associated with gaming.


Leighton Vaughan Williams, the director of the Betting Research Unit at Nottingham Business School and an adviser to the government, said the new casinos were always intended as a testbed for future expansion. "We have waited a long time. It has been years since these were chosen and people were starting to forget they had ever been given the go-ahead," he said. "This could be the beginning of something very big. Without this the casino industry would be stuck where it is now."

The new venues are expected to swell the gross win estimate – the amount lost by punters to the house – by 30 per cent, pushing the figure above £1bn a year for the first time.

In December last year the first of eight so-called large casinos created under the 2005 Gambling Act opened its doors, close to the Olympic Park at Westfield shopping centre in Stratford, east London. Next month councillors in Solihul in the West Midlands are expected to give the green light to a £120m gambling complex at the National Exhibition Centre.

Similar schemes are also well under way in Hull, Middlesbrough, Great Yarmouth, Southampton and Milton Keynes, with decisions due in the coming months. Last week Leeds invited applications from operators seeking a licence there.

Large casinos will be able to offer 30 gaming tables for punters to play blackjack and poker as well as 150 fruit machines paying out a maximum jackpot of £4,000.

Another five authorities – Bath and North East Somerset, Luton, Swansea, Wolverhampton and Scarborough – are planning to exercise their right to host "small" casinos. Despite their name these will be bigger than any of the 145 casinos now operating, with the exception of Stratford. They will offer 40 gaming tables and 80 fruit machines paying out top prizes of £4,000.

Some local authorities such as Southampton and Hull see the casinos as central to ambitious regeneration plans. Others see them as a ready source of revenue to promote run-down areas.

Aspers, which runs the casino in Stratford, has agreed to pay Newham Council a minimum of £1m a year from its revenues as well as creating 440 jobs.

But the gaming industry ultimately wants to see restrictions relaxed to allow the market to dictate the number of fruit machines and tables at each venue.

A spokesman for GamCare said there was little evidence to suggest the expansion would lead to more problem gamblers – currently estimated at 0.9 per cent of the population. He said: "Casinos in Britain are well regulated and we will be encouraging and helping any new casino to ensure all staff are expertly trained to spot someone who is potentially in trouble and quickly signpost them to our national helpline and counselling services."

The former Labour government carried out a dramatic about-face over casino expansion. At the height of his ambitions for the industry Tony Blair was said to support the creation of 30 super casinos, each with 1,250 slot machines and unlimited jackpots linked to huge hotel complexes, as well as 100 large and 50 small venues.

But Labour bowed to pressure from backbenchers and church groups and scaled back the plan to just one regional casino which was unexpectedly awarded to Manchester over Blackpool and the Millennium Dome.

Church groups including the Salvation Army and the Quakers have recently stepped up their campaign urging the Government to introduce a compulsory levy on the betting industry to fund research, education and treatment for problem gambling.

Daniel Webster from the Evangelical Alliance said it was important there should be no further liberalisation of the gambling laws until the full impact of the 2005 Act was understood. "We are really concerned that a culture is being created where gambling and losing money is seen as normal," he said.

James North, public issues policy adviser for the Methodist Church in Britain, said: "The figures speak for themselves: problem gambling is on the rise. But the government seems determined to liberalise gambling laws. It is vital that the government understands the challenge posed by this worrying increase in harmful gambling and takes action to reverse it."

VIEW FROM THE SLOTS 'BETTER TO HAVE LARGER CASINOS, FURTHER APART'

It takes a few moments for the eyes and brain to adjust from the light of a late-January afternoon to the flashing lights of 150 slot machines in Aspers casino in the Westfield Stratford City shopping centre, east London. Once they have, the most striking thing about the UK's largest gambling house is that it really isn't that big. Moreover, it doesn't appear to be inhabited by desperate-looking people, pouring the remainder of their souls into a flashing machine which will only ever let them win enough to keep them coming back. Perhaps mercifully for the early afternoon, it doesn't seem to be inhabited by that many people at all.

Syed Naeem Kazmiu, 18, said he had been told by staff that he is one of the youngest they see at the casino. "I have probably dropped around £2,500 in the last two weeks," he said. But, he added, "I play for the fun. I put down money when I can afford it and, when I can't, I don't."

Poppy Smith, 35, from Los Angeles, said: "At home, large casinos bring the surrounding areas down but I don't know if it would be the same here. It is not just about the size of the room, though." Another customer said: "It is probably better to have larger casinos, further apart, than lots in small towns. That way, fewer people have them on their doorsteps and will just fall into them."

KEVIN RAWLINSON