Pokerstars moving to Europe

[Kevmath]

Article can be found right here.

Kevin...

[ClaytonN]

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The group, which is controlled by the Scheinberg family of Israel, becomes one of several gambling companies eyeing a possible London listing alongside Coral Eurobet, Gala Group, Betfair, Cassava Enterprises and Trident Gaming.

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[doppler]

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PokerStars, which is currently based in Costa Rica, has secured a licence from the Isle of Man Government and plans to move to the island later this year.

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Couldn´t they have moved to somewhere within the union?

Oh well, there are other sites to play at.

[Kevmath]

I'm sure it's for the same reason Party's in Gibraltar, taxes.

[doppler]

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I'm sure it's for the same reason Party's in Gibraltar, taxes.

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Probably, but it´s unfortunate for us swedes. Winnings from sites based within the EU are tax free while winnings from sites outside the EU are not.

I´m not 100% sure, but I think Isle of Man is not considered to be in the EU while Gibraltar is.

[redsimon]

I understood that the IoM was in the EU single market but not a member state as its one of those curious "dependencies" of the British Crown which isn't seen as part of the UK but isn't a seperate nation state either. It certainly has some relationship with the EU economically. So you might be OK in Sweden.

[oreogod]

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The group, which is controlled by the Scheinberg family of Israel, becomes one of several gambling companies eyeing a possible London listing alongside Coral Eurobet, Gala Group, Betfair, Cassava Enterprises and Trident Gaming.

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[Freudian]

With the tax rules being what they are, there is no reason for a card room to be based outside Europe. The north americans are not affected at all, while Pokerstars will go from being taxed to being taxfree for most europeans.

[Kevmath]

According to this article from a little over a month ago, there's some other reasons as well.

[zerosum]

[ QUOTE ]
The group, which is controlled by the Scheinberg family of Israel, becomes one of several gambling companies eyeing a possible London listing alongside Coral Eurobet, Gala Group, Betfair, Cassava Enterprises and Trident Gaming.

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FYP