888 Holdings , one of the leading online casino operators has recently pulled out of the real money social gaming market by withdrawing its casino application from Facebook. The Magic 888 Casino app was launched only five months ago. It was a real money casino but in general real money casino apps appear to have been slow to take off and the social gaming boom has never really gathered steam. 888 Casino is not the only company to have pulled out of Facebook real money gambling another company, Gamesys, which entered the social network gambling market almost two years ago has also withdrawn its real money slot machine and bingo app from Facebook.
United Kingdom’s new tax may be to blame
The introduction of a new point of consumption tax on any online casino operator wishing to advertise its services to players residing in the United Kingdom could be to blame for internet gambling operators pulling out of the not very lucrative Facebook based real money gambling sector. A spokesperson for 888 claimed that the imposition of a 15 per cent point of consumption tax in an area that is not doing well would have a negative impact and so the Magic 888 Casino would be withdrawn.
888 Casino live games
888 Holdings with its subsidiary, Cassava Enterprises, licensed in Gibraltar, operates 888 Casino. This online casino unlike Magic 888 Casino is going strong and offers players a full range of casino games using Evolution Gaming software. Players can enjoy traditional table games, roulette, baccarat, live blackjack, craps, slot machines and video poker as well as live casino games.
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