Offshore Gambling Bill secures second reading
UK minister Matthew Hancock's Offshore Gambling Bill has secured a slot for its second reading in Parliament. Hancock is hoping his proposal will address the issue of bookmakers operating online businesses from offshore, and close the loophole which allows operators to avoid up to £300m a year in tax.
"It is great news for racing that the Offshore Gambling Bill has a second reading," he said. "The bill is now firmly on the path to becoming law, which can't come soon enough for many of my constituents in Newmarket and the rest of the horseracing industry."