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betting offshore

All Bets Are Off On ‘Survivor’

The winner is unknown until he or she is chosen in a vote by other contestants during a live broadcast.

© 2003 The Associated Press. Asked if BoDog might consider legal action, he replied: “It’s not something we’d want to pursue, as a matter of precedent.”

“Only ‘The X-Files’ has more conspiracy theories than ‘Survivor,’” CBS spokesman Chris Ender said. The biggest payoff, $8,000, came on a $1,000 bet placed on the fifth “Survivor” at 8-to-1 odds.

Betting on events other than sports or racing is banned in Las Vegas sportsbooks, a spokeswoman for the Nevada Gaming Control Board said Thursday. The suspicion is they had insider knowledge, he said.

By Lynn Elber

“We’re pretty sure this is the case,” Bradley said. Bradley said that bets taken from those alleged to be with CBS skewed the odds significantly on “Survivor” contestants.

For the current “Survivor,” the bets in question affected the odds for contestants Jenna Morasca of Pittsburgh, Pa., and Matthew Von Ertfelda of Washington, D.C.

. He declined further comment on the allegations, or on any action CBS might take.

“Throughout the history of ‘Survivor,’ many have believed they knew the outcome of the show,” Ender said. All Rights Reserved. The players in question opened accounts with BoDog before “Survivor: Marquesas,” the fourth show, and bet only on the show and no other events.

Callers to the Bodog.com offices were told that wagers were no longer being accepted on “Survivor.”

BoDog requires that bettors must not have knowledge of an event’s outcome. Most offshore sportsbooks accept such alternative bets, said BoDog’s Bradley.

At least two players have been identified as CBS employees and other names may be connected to the network or may be aliases, Bradley said. One person was said by BoDog to work in a “production role” for CBS.

Odds will be offered on the seventh “Survivor” but all bettors will be carefully monitored, BoDog President Rob Gillespie said in a statement.

The show narrows the field to two finalists in filmed competitions. The players’ current bets on “Survivor: Amazon” have been canceled and their money refunded, Bradley said. This material may not be published, broadcast, rewritten, or redistributed.

An online sportsbook said it has dropped betting on CBS’ “Survivor” after allegedly finding that network employees were wagering – and winning – on the hit reality show.

The Costa Rica-based BoDog.com found at least two CBS employees betting on the show’s outcome, said BoDog spokesman Lance Bradley. “Some have been right, many have been wrong.”

He wasn’t aware of any other possible legal sanctions.

They wagered correctly on who would be the final two contestants in both the fourth and fifth editions of “Survivor,” Bradley said

Britain hits offshore gambling industry with 300 million pounds | Reuters

(Reporting By Christine Murray and William James; Editing by David Goodman)

Plans to bring offshore gaming companies under the British tax system were outlined in the government’s 2012 Budget, but the industry had been waiting for the detail – most crucially the rate at which they will be taxed.

“It is unacceptable that gambling companies can avoid UK taxes by moving offshore, and the government is taking decisive action to ensure this can no longer happen,” Economic Secretary to the Treasury Sajid Javid said.

LONDON Online betting companies based in offshore havens to sidestep Britain’s gambling taxes will be hit with a new levy that could cost the industry 300 million pounds ($467 million).

Shares in Ladbrokes, Bwin.party, William Hill and Betfair did not move significantly on the news.

Taxes on online casino gaming operations based in the British territory are levied at 1 percent on gross profit, with fixed-odds betting taxed at 1 percent of turnover. Both are capped at 425,000 pounds.

Land-based betting is also mostly taxed at a rate of 15 percent, except for land-based gaming, which takes in the likes of gaming machines and bricks-and-mortar casinos. Ladbrokes, Bwin.party, William Hill and Betfair all have online operations based in Gibraltar, which offers a benign tax regime for gambling companies.. The focus for us now is on trying to get the actual rate of the tax reduced,” Clive Hawkswood, chief executive of the Remote Gambling Association said.

The shift will affect some of the industry’s largest players. This attracts a variable tax rate of between 15 percent and 50 percent, a Treasury spokeswoman told Reuters.

The government, which said it will confirm the 15 percent rate in its Budget statement next March, estimates that the new rules will bring in 300 million pounds a year in additional tax revenue.

William Hill, which has the largest share of the UK’s remote-gambling market, has previously suggested that it could challenge the changes on the grounds that they breach European Union competition law.

Traditional land-based betting will be unaffected, the government said.

The tax will be levied on companies’ gross profit – total bets placed minus prizes paid out – in the 2 billion pound remote-gambling market from December 2014.

Under rules published on Friday, Britain will tax gambling according to where customers are based rather than where the online operator is registered, meaning that offshore operators pay the same 15 percent tax rate as domestic remote-betting companies.

“These reforms will ensure that remote-gambling operators who have UK customers make a fair contribution to the public finances.”

“We knew it was coming ..

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