On the eve of October 1st, the ultimate date when the new online gaming laws will be enforced in the UK, a number of casino and online poker providers intend to definitely quit the market. Mansion Poker is the first to announce its withdrawal. It has been servicing UK gamblers from Gibraltar for years. The paramount reason is that the new laws require them (operators) to submit for a new UK online gambling license, accompanied by 15 percent tax on gross revenues from UK customers.
Because of these tough requirements, numerous are the online casino, online poker, and land-based gambling operators planning to withdraw from the UK market. However, the new laws seem not to stop some from applying for a UK gaming license. The fact is that the UK gambling market appears to be very lucrative; it saw $ 4.26 billion of turnover in 2013 but the competition will also become tougher.