Victor Chandler in Appeal to UK Govt over Tax Concessions – November 25th, 2005

Victor Chandler the Gibraltar Based Gambling Operation, have according to AteOnline appealed to the United Kingdom Government to introduce sensible tax concessions in the wake of the new UK Gambling Act.

Victor Chandlers who relocated their entire operation to Gibraltar from the United Kingdom in 1999 due to the attractive tax setup in the UK Territory, are the largest single private employer on the rock, employing upwards of 400 staff.

However AteOnline reports that the Head of Chandler’s Online Gambling Operation would consider relocating the business back to the UK if a more favourable tax regime was introduced.

OCR believes though that it is very unlikely that the Department of Culture Media and Sport would be in a position to rival the favourable tax status Victor Chandler currently enjoys operating out of the Rock of Gibraltar.

Whilst it would be in the UK’s interest to have as many offshore gambling operations to relocate back to the UK, politically and financially it is deemed by us to be a non starter.

Although saying that, a couple of years ago no one in the industry would have believed that the recent UK Gambling Bill would come to fruition. This is definitely one story that we will be watching with interest over the coming months to see what further developments if any transpire.

Victor Chandler has been in operation since 1946 and has customers worldwide from over 70 countries. Originally offering sports betting, VC has grown to a size whereby it now offers a multitude of leisure based wagering activities. This includes telephone betting, online poker, online casino gambling and wagering games.

Operating from it’s Gibraltar Headquarters and still a family run firm albeit with substantial outside investment, headed up by Victor Chandler the grandson of the company’s founder Victor Chandler Senior.