Gibraltar Fire Impacts Offshore Gaming Operators
by Mike Godfrey, Lowtax.net, Washington
22 April, 2014
A fire in a Gibraltar power station has knocked out the territory's electricity supply causing disruption to the online gaming sector during the busy Easter betting period. The firms affected include William Hill, Betfred, Ladbrokes, Stan James, and Betfair.
A fire was reportedly caused by a mechanical fault in a generator at Waterport Power Station. Gibraltar Chief Minister Fabian Picardo tweeted: "Power outage too long. New plans must reflect lessons of such incidents so we never [see a] repeat."
Gibraltar is home to the lion's share of online betting companies, lured by the territory's infrastructure and favorable tax environment.
William Hill moved its telebanking operations from the UK to Gibraltar in 2010 because the UK's tax regime was said to make it "impossible" for the company to compete with offshore telebetting firms on an equal footing.
Commenting on the blaze, Graham Sharpe, a spokesperson for William Hill, told AFP: "It's just one of those freak events nobody could have predicted."
Nobody was injured in the fire and normal service has now been resumed.
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