In a very short time, online gambling has grown substantially, both in customer base and revenue. But some major obstructions are coming in an unprecedented manner, as many governments are taking different actions to curb the growth and proliferation of online wagering. Individual states have ignored the ground of common interest or needs while formulating the state regulatory for online gambling, leaving it a grey area.
The ambiguity of law is ubiquitous all over the world.US is forming more liberal rules to increase state revenue from Pokdeng online (ป๊อกเด้งออนไลน์), poker, and other variants. In contrast, UK is firming up anti-gambling regulations. This could become a mammoth problem for Brit online, offline bookmakers.
In the US, cautious steps are taken to make online gambling more unrestrictive. The states of New Jersey, Nevada, and Delaware are raking bold, liberal steps to make internet wagering legitimate. This trend is a U-turn from the preceding regulatory framework. After insinuation of the Unlawful Internet Gambling Enforcement Act in 2006, many online gambling and poker websites pull out their service from the US market. This act superseded the Wire Act of 1961, which considered betting on any sporting event or contest through a wire communication facility unlawful.
The Liberal US market
In 2011 there was turmoil in the internet gambling domain of the US, as vendors of Absolute Poker, Poker Stars, and Full Tilt Pokers were booked and prosecuted under the Unlawful Internet Gambling Enforcement Act. Department of Justice reinforced the intent to convict those who offer online wagering services to US citizens. But in December 2011, the tables were turned in favor of the online bookmakers as the court amended the order, observing any interstate broadcast of wired communiqué not related to sports events or contests is not under the preview of the Wire act of 1961. This judgment breathed new life to internet bookies, those who retreated started investing in a joint venture with US-based entities.
UK-based company 888 Holding with Scientific Games started a joint venture in Delaware to launch the first online casino and poker platform in the state. On 26th November, online betting was initiated in the state of New Jersey; it was a venture between UK and US business houses. UK operators were always interested in getting a niche in the US gambling market, the world’s most valuable betting market.
The Conservative UK market
The UK is all set to establish a more stringent, antagonistic environment for online gaming companies. The point of consumption tax introduced and implemented on 2014, 1st December, makes it mandatory to pay a 15% tax on gross profit. The online bookmakers are serving British citizens obligatory pay this tax, irrespective of where they are registered. The UK government’s expected revenue collection stands around 300million Pound, and the operator must be licensed under Gambling Commission jurisdiction. Licensed vendors of Antigua, Barbuda, Gibraltar, Tasmania, the Isle of Man, the European Economic Area, and Alderney will not be allowed to advertise, operate in the UK. Global consultancy firms disagree with these tax structures aimed to deter online wagering. They suggest online gambling companies have option of Pokdeng online (ป๊อกเด้งออนไลน์), will pass on the higher operating cost to customers.