August
13
2007
2:06 pm
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Now what does the British Parliament stand to gain from banning gambling advertising?

(Source)
The British Parliament is reviewing a proposal by the Secretary of State for the Department of Culture, Media and Sport (DCMS) James Purnell to ban gambling enterprises based outside the European Economic Area from advertising in the UK.

This is interesting because gambling is legal in the UK. It’s also tax free. But gambling books that have their headquarters outside of the UK encourage gambling and the winners who play, if they win, provide no benefit to the British government. I don’t know if they have to pay taxes on revenue from UK business, but it is likely they do not. So the UK has no incentive to keep the business coming in. Plus, in this day and age of fear of terrorism, we can’t take a chance that the British government may inadvertently support terrorism by allowing the advertising within its borders.

I wonder how much the U.S. is responsible for this policy.

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