After the Minister expressed an interest in seeing how the country operates as a jurisdiction for online gambling and following an invitation from the Gibraltar Government, Mr Caborn was given a tour of 888.com’s facilities by company CEO John Anderson, before attending a dinner with senior political and industry figures during which they discussed the UK initiative to regulate online gambling and introduce sensible regulations and a practical tax regime.
In separate news, Richard Caborn has warned the UK racing industry that extending the levy system beyond the current closing date of 2009 can only come about if the Tote is sold to racing interests and modernisation of the sport’s administration structure is agreed.
Speaking to the Racing Post, Caborn also said that betting-industry opposition to the sale of the Tote to racing might jeopardise bookmaker calls to continue the levy system, over which the government has laid legislation enabling racing’s major source of funding to be scrapped.
Calculators
