The move by Slovakia, which now wants operators to have local licences and pay a 27pc tax, comes as both Holland and Poland this year have moved to alter regulations. <\/p>\n
In Turkey, where there are no formal regulations and which is a major market for companies including GVC, rhetoric by its leader Recep Tayyip Erdogan has ramped up against gambling. Sandford Louden, a partner at Oakvale Capital, which advises on acquisitions and sales in the gambling industry, said the fear that other countries could crack down was definitely a concern and a perennial issue. <\/p>\n
Most major operators have started to loosen their definition of what a black market is because they are running out of road in regulated markets like the UK where double digit growth is a thing of the past, he said. <\/p>\n
Many of the companies operating sites in Slovakia from outside the country will argue their European gambling licence, often based somewhere like Gibralta or Malta, allows them the right under EU law to operate websites which are available across the bloc. <\/p>\n
GVC said it welcomes sensible regulation that complies with the ethos of the EU in terms of open and fair competition, while 888 said it was focused on growing in places with a sustainable regulatory framework. <\/p>\n
William Hill said it boasted one of the largest percentages of regulated revenue out of its UK peers and would comply with all necessary legislation. <\/p>\n
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Fears of overseas gambling crackdown after Slovakia issues blacklist - Telegraph.co.uk<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The move by Slovakia, which now wants operators to have local licences and pay a 27pc tax, comes as both Holland and Poland this year have moved to alter regulations. Continue reading