The Bingo Tax Man Cometh

A lot has happened in the world of UK Bingo in the last few weeks, with a lot more scheduled to happen in the upcoming weeks.

The implementation of the new Point of Consumption Tax means that a lot of online bingo rooms are deciding whether they want to continue to run in the United Kingdom.

Indeed this new bingo tax will hit bingo players in the pocket in the form of reduced bonuses and prizes,it will see smaller bingo rooms forced to shut their doors with the new consumption tax biting into profits that are already small.

This does mean larger more established brands will soon go on a marketing offensive, for the short-term it will mean bingo players who do not have accounts at the larger more established UK Bingo brands will still be able to pick up a few good bingo bonus offers.

The long-term view though is a bit up in the air, no one knows how much this is going to impact on bingo rooms, online bingo is by far the most popular form of online gambling in the United Kingdom.

So far we only know of 5 bingo rooms that have barred their doors to UK Bingo players to either combine their UK Bingo players in a single venue.

The latest announcement by Giggle Bingo who are part of the Fortune Lounge group is an indication of things to come.The reason for the closure is simple, online bingo rooms wanting to take play from UK bingo players have to apply for an operating license from the UK Gambling Commission.

Each online Bingo room needs to apply individually for a license, making it a very expensive affair for some operators.

The Online Bingo landscape is about to change dramatically just as it did a few years back when land-based bingo was taxed to the hilt.

The tables have now turned. Will land based bingo operators extend the same support that Online Bingo Portals like ourselves showed these halls to Online Bingo rooms. Only time will tell if this will be the case.