UPCOMING EVENT

Let's Meet during iFX EXPO International 2024 in Limassol, Cyprus (18-20 June)

Book a Meeting
  • +357 2425 0808
  • Login
  • English

Home

Blog

UK Gambling Commission sets out new fee ...

UK Gambling Commission sets out new fee structure in 2017

UK Gambling Commission sets out new fee structure in 2017

NetShop ISP

NetShop ISP · Blog Author

Dec 28, 2016 · Archive

The UK Gambling Commission (UKGC) is introducing a new fee structure in April 2017 that is said to benefit most of operators. However, a few of them will see their fees rise.

The findings of the consultation with the Department for Culture, Media and Sport regarding the new fee structure were announced on UKGC website. The responses to the consultation were received from various stakeholders, including licensed gambling operators, trade associations and members of the public.

The new fee structure will “reduce the overall fee burden across the industry by over 10%” says UKGC. Around 1900 operators will have their fees reduced (the number varies from 2% to 75%). 1000 licensees will continue to maintain the current level of the rates. For around 75 operators the new structure will mean increased fees. For these licensees the fees will rise as high as 140% of their current level.

Further, the 20 largest operators might face an additional annual payment of £164k. However, first-time licensees will get a 25% discount on their first-year fees.

The new fee structure was created to ensure that the UKGC’s costs were “recovered on a proportionate basis from different types and sizes of operator.”
.

Press Releases
74

Free VPS Trial

No Credit Card Required.

Recent Posts

MT5 Access Server for Forex Brokers: Virtual vs. Dedicated

MT5 Access Server for Forex Brokers: Virtual vs. Dedicated

14 June, 2024

How To Extend Root Partition using Home Partition space in CentOS

How To Extend Root Partition using Home Partition space in CentOS

30 May, 2024

NetShop ISP to Attend iFX EXPO International 2024 and Announce Global Infrastructure Expansion

NetShop ISP to Attend iFX EXPO International 2024 and Announce Global Infrastructure Expansion

23 May, 2024

TNFX Broker Partners with NetShop ISP to Offer Low-Latency Forex VPS to Traders

TNFX Broker Partners with NetShop ISP to Offer Low-Latency Forex VPS to Traders

14 May, 2024

How to Install Nginx, MySQL, PHP on Ubuntu 22.04 (LEMP)

How to Install Nginx, MySQL, PHP on Ubuntu 22.04 (LEMP)

10 May, 2024

#letushostyou

Award Winning Hosting Provider established in 2004.

120 Faneromenis Avenue, Imperial Tower, 2nd Floor, Larnaca 6031, Cyprus

Products

Bare Metal Servers

Customized Servers

Virtual / Cloud Servers

Forex VPS

Storage VPS

cPanel Web Hosting

Reseller Web Hosting

Colocation

Addons

Premium DNS

Email Hosting

Cloud Backup

DDoS Protection

Licenses

SSL Certificates

Domain Names

Premium SLAs

About Us

Data Center Locations

Looking Glass

Our Company

Contact Us

Careers in Cyprus

Become a Partner

Awards

Certifications

© 2024 S.S. NetShop Internet Services Ltd. All rights reserved.  Terms & Conditions  |  Privacy Policy
CY Reg. Number: HE 217340 | EU VAT Number: CY10217340J

Visa
Mastercard
PayPal
Revolut
Wire Transfer