Ladbrokes confirms moving to Gibraltar

Ladbrokes has confirmed that it is moving its online sport betting and phone betting sections to Gibraltar.  This move has come about due to Gordon Brown’s idea to raise the gambling tax for companies like William Hill to 15% last year, where in Gibraltar they can pay 1.5%.  The move of Ladbrokes offshore will cost the UK treasury millions.  Chief Executive of Ladbrokes Christopher Bell commented”Operating from the UK has become unsustainable and we will relocate by the year end.”

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This entry was posted on Thursday, August 6th, 2009 at 2:59 pm and is filed under online casinos.

One Response to “Ladbrokes confirms moving to Gibraltar”

  1. Ladbrokes see sharp drop in retail betting Says:
    May 14th, 2010 at 4:46 pm

    [...] Ladbrokes confirms moving to Gibraltar [...]

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