Bet24 Switches to Gibraltar
February 2, 2009 (InfoPowa News) — Online casino and poker room Bet24.com has announced that it has become the latest site to obtain a European Union-friendly license after being accredited by the British overseas territory of Gibraltar.
"It's a really important day for Bet24.com," said Chris Dahl, Poker Manager for Bet24.com. "We are one of a small number of poker operators to have been granted a European Union licence in Gibraltar. Now all our products are licensed within the European Union. The requirements for obtaining a license are very strict so, of course, we have been looking forward to this day."
The Scandinavian-focused site revealed that tax has been a hot issue for some considerable time for Danish, Swedish, Norwegian and Finnish poker players and was recently illustrated when Danish professional poker player Peter Eastgate won the World Series of Poker in Las Vegas, only to be confronted with a huge tax bill on his $9.15 million winnings.
Recently, the Dutch taxman had approached Internet gamblers resident in the country that it had identified, inviting them to submit tax returns on their winnings.
Dahl said that confidentiality was paramount within the company, and that more liberal EU tax attitudes prevailed through the Gibraltar licence.
"Together with our poker supplier, Ongame Network, and the authorities in Gibraltar, we have found a solution so we are now officially a licence holder in Gibraltar," said Dahl.
"We are very happy because now we can operate under the same conditions as the [EU state] monopolies, at least as far as tax is concerned."