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Ladbrokes Move to Gibraltar Happening

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When leading UK land and online gambling firm Ladbrokes announced in
August this year that it intended to relocate to the online gambling
friendly-jurisdiction of Gibraltar to escape the UK’s high online gambling
taxes and levies
, many expected the UK government to lower taxes.

However, that has clearly not happened as the government has not budged an inch
on its tax rates. And so Ladbrokes, which has been a UK high street betting
institution and powerhouse for many decades, is making its move to greener – and
more tax-friendly – pastures, reportedly sooner than expected.

According to UK online gambling insiders, the move from its old London
headquarters to the picturesque British territory (located at the southern end
of the Iberian Peninsula in the Mediterranean) is underway and should be
completed in the next few weeks. Its rival, William Hill, has already made the

Executives at William Hill, another top UK land and online gambling firm, were
also unhappy with the government’s online gambling taxes and preceded Ladbrokes
to Gibraltar. Although online gambling is legal and regulated in the UK,
gambling companies claim that high taxes are making them uncompetitive.

Ladbrokes and William Hill claimed for years that they could not compete
effectively with offshore-based online gambling operations because they are
subject to far lower tax rates and levies, depending on the online gambling
jurisdiction they are licensed and regulated by. Which is where Gibraltar comes

Gibraltar’s online gambling taxes and levies are reportedly amongst the lowest
in the world, making it one of the most attractive jurisdictions in the world
for online gambling companies. Once it has settled into its new HQ, Ladbrokes
will reportedly launch its completely revamped and upgraded sportsbetting site.

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