It might be nice for the "industry watchdog" to post about Pinnacle exiting UK

**minet123** · 09-10-14, 12:51 PM

the UK government is introducing a new regulatory tax regime in the UK gambling sector. All gambling operators worldwide are being forced to obtain a new UK gambling licence along with a 15% tax rate if they want to continue taking bets from UK customers.

**jjgold** · 09-10-14, 01:35 PM

It proves pinnacle does not have much UK business and not worth the tax

**Sam Odom** · 09-10-14, 01:39 PM

15% tax rate

See what Socialist Governments do... you think Pinny could still stay low vig in that environment ?

Still believe New Jersey will have <10c juice?

**Bill Dozer** · 09-10-14, 01:42 PM

There will be more books leaving the UK. The guys who are UK focused are going to wait and see how much of the pie they gain from who else drops out. Bet365 who already pays the tax is loving life these days and now the books based elsewhere have to decide what to do. Don't expect us to break news on the in or out of the UK thing with official work from the book. These companies have shareholders and procedures they are required to follow. They want players to hear it from them in official responses. Now, if it was the rumor that a book was going to enter a market or a book was having a problem in a market leading to player issues, we'd be looking for the scoop.

**jjgold** · 09-10-14, 03:25 PM

Maybe pinnacle gets back into the US market now??

I would think places like bookmaker and Five Dimes can care less about UK tax meaning they take US players that are not gonna let a UK government believe them

The question is who pays the UK tax now?

**Optional** · 09-10-14, 08:01 PM

Originally posted by jjgold

Maybe pinnacle gets back into the US market now??

I would think places like bookmaker and Five Dimes can care less about UK tax meaning they take US players that are not gonna let a UK government believe them

The question is who pays the UK tax now?

Only the ones with their corporate entity in the UK.

Which is not a lot more than Bet365 AFAIK.

I'm interested to know how they plan to enforce it. That will be the deciding factor on how Costa Rican books act I'd say.

**pavyracer** · 09-10-14, 08:13 PM

15% tax rate has been standard in Europe for years, Are you living under a rock?

**Chi_archie** · 09-10-14, 08:20 PM

SBR is busy making a high production value video of a dear JoJo video addressing the Seaweed and Russian Rocket bullying issue

**Chi_archie** · 09-10-14, 08:33 PM

double post

**minet123** · 09-10-14, 09:47 PM

Originally posted by Chi_archie

SBR is busy making a high production value video of a dear JoJo video addressing the Seaweed and Russian Rocket bullying issue

nominee for post of the year

**El Nino** · 09-10-14, 09:56 PM

Originally posted by Chi_archie

SBR is busy making a high production value video of a dear JoJo video addressing the Seaweed and Russian Rocket bullying issue

Chi_archie gets it. Even though he's bisexual and a huge Obama supporter, Archie remains one of the sharpest SBR posters.

**shaunovery** · 09-11-14, 02:34 AM

It's a game of poker , everyone waiting sees who leaves and stays it's a very big pie the uk market

**shaunovery** · 09-11-14, 02:37 AM

And if pinny is to go bet fair are the only ones to match there prices good news for us traders hopefully more liquidity in the us markets although nfl and nba is strong enough .but college sports not so

**jjgold** · 09-11-14, 05:49 AM

Betfair is sitting pretty as are the other books in the UK

Big losers are places like pinnacle

**shaunovery** · 09-11-14, 06:25 AM

I'm surprised that they don't pay the 15% tax gotta be worth it in the end

**jjgold** · 09-11-14, 06:47 AM

I don't get it why would pinnacle call lose a massive betting country like the United Kingdom??

Something is fishy

The only other thing maybe pinnacle is still waiting on a UK License?

**superhans** · 09-11-14, 06:51 AM

They dont do much volume here. Only arbers will really use them

**Optional** · 09-11-14, 08:10 AM

Originally posted by jjgold

I don't get it why would pinnacle call lose a massive betting country like the United Kingdom??

Something is fishy

The only other thing maybe pinnacle is still waiting on a UK License?

One thing I noticed that might deter offshore books with less than transparent ownership structures is the number of people that need personal licences.

Blog not found

http://licensingadvertisingact.blogspot.com.au/2014/07/7-will-some-key-individuals-require.html

Blogger is a blog publishing tool from Google for easily sharing your thoughts with the world. Blogger makes it simple to post text, photos and video onto your personal or team blog.

They are supposed to log and report every IP they control, provide weekly reports of quarantined customer funds and their liability on them.

Books are asking if they join can they still defer to their current regulator for dispute resolution (still unknown) and other important matters like that.

I think if it was just a case of shelling out 15% on bet profits it would be business as usual for most of them.

**jjgold** · 09-11-14, 08:37 AM

Will matchbook throwout UK customers also or they did they have a good base?

**swordsandtequila** · 09-11-14, 08:49 AM

Originally posted by jjgold

I don't get it why would pinnacle call lose a massive betting country like the United Kingdom??

Something is fishy

The only other thing maybe pinnacle is still waiting on a UK License?

Think it's safe to say soccer is by far the biggest sport in the UK. Correct me if I'm wrong, but Pinnacle's soccer options (available markets) are about as limited as they can get. 5Dimes has a better soccer menu, and that ain't saying much. So I don't believe they're losing a massive amount of business.

**dealer wins** · 09-11-14, 10:09 AM

Originally posted by superhans

They dont do much volume here. Only arbers will really use them

But they need arbers to take the other side of the sharps bets!

**KMc101217** · 09-11-14, 10:19 AM

I have just had an email from Pinny confirming the closure of my account

**shaunovery** · 09-11-14, 10:26 AM

here it is

**Spedizzo** · 09-11-14, 10:30 AM

is there a list of sports books that will be using the UK?

I have a friend in the UK who puts in bets for me through SportingBet and Bet365

**jjgold** · 09-11-14, 11:25 AM

Markets will be getting wider and wider at pinnacle wait-and-see

Liquidity way down

**pavyracer** · 09-11-14, 11:26 AM

Originally posted by jjgold

Markets will be getting wider and wider at pinnacle wait-and-see

Liquidity way down

Do you even read what you type anymore?

**jjgold** · 09-11-14, 11:34 AM

If you study the juice at pinnacle for last year it's getting wider and wider

**Lebensraum** · 09-11-14, 11:41 AM

Originally posted by jjgold

If you study the juice at pinnacle for last year it's getting wider and wider

Not in American sports. Were you only referring to soccer?

**jjgold** · 09-11-14, 11:44 AM

Check baseball they're not true dimelines anymore

The juice used to be much tighter

**JayZ** · 09-11-14, 12:01 PM

There used to be a 6.75% tax on bookies turnover in the UK (which was collected as a 9% levy on bets). This was replaced from January 2002 with a 15% tax on profits.

UK Bookies indicated at the time that they were quite content (rather maybe than happy) to pay this on both their shop and remote operations - but many in the end retained their remote operations outside of the UK instead. Some did come back such as Coral, only to redepart some years later.

The UKGC now requires player funds separation 'after a couple of high profile cases'. This requires a lot of regular disclosure that might not be to some operators' taste.

**Hareeba!** · 09-11-14, 04:27 PM

Originally posted by jjgold

Check baseball they're not true dimelines anymore

The juice used to be much tighter

They look pretty decent odds to me:
TB@NYY ML -106 v -102
Totals -107 v -103

**jjgold** · 09-12-14, 06:57 AM

You have to look at the bigger odds

**Optional** · 09-12-14, 07:07 AM

JJ like a fountain of information lately.

**Bill Dozer** · 09-14-14, 03:57 PM

Originally posted by jjgold

Will matchbook throwout UK customers also or they did they have a good base?

Matchbook expected to stay in the UK and get licensed.

Originally posted by Optional

Only the ones with their corporate entity in the UK.

Which is not a lot more than Bet365 AFAIK.
I'm interested to know how they plan to enforce it. That will be the deciding factor on how Costa Rican books act I'd say.

It would be pretty easy to say hey you eWallet or card company, these bookmakers are violating our law so dont service them.