The largest gambling companies in the United Kingdom are offering the government a substantial increase in the revenue paid to avoid a regulatory crackdown. These companies, including the likes of Bet 365, Coral Ladbrokes, Skybet and Betfair are offering to increase the levy on profits from 0.1 to 1 percent over the next five years. That is a tenfold rise all to avert regulations into the most significant gambling market on the continent. That would mean an estimated 120 million euros each year to the government coffers.
Fear of the gambling commission
The open bribe comes after an initiative from the United Kingdom gambling commission, which recently stated they Learn here require more staff and funding to the tune of 70 million pounds. The commission is conducting an ongoing investigation on the way the industry handles problem gambling. The result is widespread action on online firms and senior management in the key firms. Jeremy Wright, the secretary of State for digital, media,
