Many fear new tax laws in Britain regarding poker will devastate
Noted poker player and writer for the Guardian newspaper, Victoria Coren, took an in depth look at the ramifications caused by the change to British tax laws governing poker. According to Coren’s article, Britain taxes table games –roulette, craps, etc.—to the fullest, but previously considered poker a service and only charged a Value Added tax (VAT).
However all that changed when the Spring Budget was introduced, effectively putting poker alongside other table games. Unfortunately for poker players, casinos make very little on poker games, and they take up quite a bit of valuable space on the casino floor: The change could very well cause casinos to reconsider hosting poker games, or possibly force a hefty increase in the rake charged.
By changing the way poker games are taxed the British government will gain very little in overall revenue, and is seemingly crippling the brick & mortar poker business.
You can read Victoria Coren’s article from The Guardian here:
No related posts.
Tags: Gambling laws in Britain, Vicky Coren
Leave a Reply
High Stakes News
- • Isildur1 starts fast in PokerStars $1 mil Freezeout
- • High Stakes Poker Games Still In Demand
- • Poker’s best take part in the Million Dollar Cash Game
- • Phil Galfond advocates sweeping changes to online poker
- • Ilari Sahamies is biggest online poker winner in 2011
- • Is Sam Trickett the best poker player in the world?
- • Isildur1 back and crushing the games at PokerStars
- • GSN axes High Stakes Poker
- • 2012 WSOP $1 million tournament will be bracelet event
Promotional News
36% RakeBack at Lock Poker and Revolution Gaming
Poker players are starting to get an idea of what the new Revolution G …
Read more
Lock Poker revives Ronin Rake Chase promotion
In honor of their purchase of the Cake Poker Network, and their upcomi …
Read more
LockOps Tournament Series announced
Edit: We are sorry to announce that currently the LockOps has been can …
Read more
Exciting new promotion announced by Lock Poker
Playing online poker in April just got a whole lot better after the de …
Read more





Lock Poker will be moving from the Merge Netowrk after their purchas of the Cake network. The Cake network will be re-branded as the Revolution Gaming network. This move will allow Lock Poker to offer 36% rakeback!! This all happens June 1, 2012.






