No great surprises here as the Betfair share price continued to slide, they needed to do something. Sources told me that a Gibraltar office was being fitted out several weeks ago in preparation for the move, which shocked nobody. Do Betfair deserve to be singled out for criticism in moving their betting operations (but very few of their staff) to Gibraltar? No, they're not the first grandmother-selling company to do it, but hopefully they'll be the last. Word is that the DCMS are close to announcing new regulations for gambling operators targetting the UK - pay the full amount of tax (and hopefully levy) that a fully UK-based firm pays or you will not be allowed to advertise within the UK. In theory, this should raise questions re European law, but other countries such as France and Italy have managed it, so now is the time for the UK government to show their muscle (though hopefully not William Hague - he couldn't scare a kitten). And after that, it wouldn't be suc...
A blog about betting, trading, sport and some of the dodgy elements within them. www.sportismadeforbetting.com.