Concerns were raised a couple of weeks ago that William Hill may be looking to relocate all of its online operations to London following the announcement of a new innovation centre to focus on new technologies, particularly when it came to mobile gaming. However, such concerns have proven to be unfounded as they have confirmed that Gibraltar will continue to be their international hub for online gaming and betting.
Andy Lee, William Hill Online’s Managing Director, commented: “We have over four hundred people in Gibraltar and we run our global operations from there. Our staff are very happy there and there are reasons why we will remain there in order to be competitive in this market.”
You certainly do not need to look too far for those reasons, as most would agree that the introduction of a new point of consumption tax in 2014 will undoubtedly drive companies like William Hill to remain abroad wherever possible. If you’re not aware of the news, the British government is planning to impose a fifteen per cent tax on takings from British customers from next December and while this is great news for their coffers, with the scheme expected to raise over £300 million annually. While the new tax is unavoidable at William Hill’s main chain of betting shops, should it be imposed on land based operations too, it would take a significant chunk out of online earnings and of course need to be compensated for elsewhere. Remaining in Gibraltar does of course give the company the best chance of handling the new rules effectively, which means good news for players.
Regarding the new innovation centre in London, William Hill has already stated that it has been purposely launched in the city’s technology hub to attract a wide and varied array of talent. This is wholly believable as their online operations are based in Gibraltar for the very same reasons – some of the most talented individuals in the regulated gaming industry call Gibraltar home.
Gibraltarian authorities are also said to be delighted with the news. With a population of around 30,000 people, the loss of four hundred jobs would be difficult to take, particularly when those jobs are offered by one of the industry’s biggest names. With William Hill committed to staying put, it definitely demonstrates some stability for the local economy which is heavily based around online gaming.
While William Hill definitely continues to have the new tax issue to deal with, it remains one of the very best places to play online. Check out our full William Hill Casino review here at Mr Gamez for everything that you need to know about getting up and running with the top class operator.