William Hill’s Chief Executive Officer speaks against UK’ online gambling reforms.
The highest executives involved in the online gambling industry have a good manner to make a difference to investors and online business new writers, when it comes down to opinions.
The Chief Executive Officer of William Hill, Ralph Topping has taken a sever position regarding the UK’s Department of Culture, Media and Sport after the government’s intentions to apply a reform in the online gaming industry, as London Times newspaper revealed.
According to Topping, the plans to restructure the interactive gambling industry in UK are not fair. Therefore the new rules to be entailed, which involve a new taxation structure and licensing protocols that William Hill’s CEO appealed, show a lack of coordination between departments acting in their own direction. This refers to the departments of the government which are not coordinated in their actions.
Topping also believes that it will be hard for the UK to convince online operators to move to United Kingdom after the reforms. He also added that William Hill’s decision to move to Gibraltar was a solid one and it was based on the economics of the game and there’s no chance for the casino to come back from Gibraltar.
Gibraltar has become the center of online gambling in Europe and the UK government will have to think harder if they want to make the UK more attractive to these technology companies, the CEO of William hill stated.
According to Topping, the big problem is the government’s intention to revamp the online gaming industry in the United Kingdom. UK’s gambling policies have been fair for many years and they have offered a good climate for many online operators seeking for stable and fair practices. These operators have a choice to make now, whether they should look for another place to locate or remain in the UK territory. Some of them consider leaving is a good thing, but a few giants in the industry believe that UK is still a good place.