Irish Finance Minister Paschal Donohoe is putting the brakes on a plan to double his country's current tax on gambling. Donohoe, and other government officials are worried that such a massive increase would create job losses and push punters towards illegal gambling operations. Donohoe's plan to double the current tax on gambling operators from one…
UK-facing online sports betting operators are poised to take a big revenue hit when a new, 15% point of consumption tax (POCT) takes hold on December 15. The tax is part of the he Gambling (Licensing and Advertising) Act 2014, which includes new rules on who needs to hold UK gaming licenses. By levying a…
[caption id="attachment_29882" align="aligncenter" width="425" caption="Madrid says "Yes" to Lowering Tax Rate"][/caption] Sheldon Adelson’s strong negotiation power and financial weight was just enough to convince the mayor of Madrid to cut the casino tax from 45% to 10%. When you’re about to spend €15 billion developing a massive EuroVegas hotel and casino in the region and…
[caption id="attachment_29125" align="aligncenter" width="425" caption="Netherlands Gets Ready For Online Gambling Legislation"][/caption] Both the Dutch Liberty Party and Labour Party coalition government have announced their plans to overhaul the gambling regulations in the country. The good news is that the new government will begin issuing egaming licenses before the end of the current term and will…
[caption id="attachment_28044" align="aligncenter" width="425" caption="Unibet Sends Tax Money To Spain"][/caption] Unibet is on the verge of closing a financial phase of its tax issues with the Spanish tax authority and will make one lump sum payment of £2.6 million so they can put this episode behind them. Even though Unibet has agreed to pay back…
[caption id="attachment_27997" align="aligncenter" width="425" caption="More Gaming Companies On Their Way Out Of France"][/caption] The French legal online gaming jurisdiction is proving to be much harder to crack while more companies are finding it difficult to make a go of it. Looks like there are two more casualties including Poker Leaders, who was unable to launch…
[caption id="attachment_27685" align="aligncenter" width="425" caption="Spain Clarifies Just How Online Players Will be Taxed"][/caption] The Spanish Government has submitted its new tax code and it explains how it’s going to tax players on gambling activities. Over the summer, the Spanish Government finalized their online gaming laws and it was determined that online gamblers will be taxed…
[caption id="attachment_26897" align="aligncenter" width="425" caption="Greece places gaming company on the block to raise cash for EU"][/caption] The Greek government has begun the process of selling of its monopolistic stake in gaming entity OPAP in its revised initiatives to privatize the company so that it can deflect the ongoing scrutiny it receives from the international lenders.…
