Britain may loosen internet gambling law



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ONDON – Britain is thinking about bring in new legislation that will allow London-listed online gambling companies to move their headquarters to Britain.

A prominent newspaper in the UK has claimed to have seen documents in which the government said the move would provide Britain’s internet gamblers with “a safe, well-regulated environment.”

The paper also said that the Department for Culture, Media and Sport had been lobbying the Treasury to introduce a favorable tax regime for online gambling companies.

PartyGaming, which is the biggest London-listed (blue-chip FTSE 100 index) internet gambling company, is based in Gibraltar, as is 888 Holdings.

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