William Hill to keep Gibraltar base open despite tax changes

iGaming Business – Bookmaker William Hill has confirmed it plans to maintain its online betting base in Gibraltar despite new tax laws that are expected to cost the firm tens of millions of pounds. The company is one of a number of bookmakers that have set up online operations in Gibraltar in order to sign British gamblers while benefiting from lower taxes. However, Great Britain is set to introduce a new 15% duty on bookmakers’ online winnings from British customers from December 2014 in a move that could bring in an additional £300 million (€359.2 million/$491.4 million) each year. Speculation…