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SPANISH REGION APPROVES ONLINE GAMBLING
posted 1/14/11 : Aragon pre-empts the more collective regulatory trend at national level.
Despite moves to treat the regulation of online gambling in Spain at a more collective national level, the autonomous region of Aragon has done its own thing and approved new betting legislation that embraces internet gambling in its provisions.
After some tentative moves at the autonomous provincial level in years past, the Spanish government last year committed to a national licensing and control regime for internet gambling.
Late in 2010 draft proposals were debated and the then minister for the economy Elena Salgado announced that the drafting stage of a new regulatory regime had been largely accomplished, with estimates that taxes from a legalised online gambling industry could deliver another Euro 200 million per annum to government coffers.
The bill apparently proposes two different taxation levels; one for online sportsbetting, and another for other forms of internet gambling, including online poker and casino games.
Taxation on general internet gambling has been based on gross gaming revenue, but in the case of sports betting, where much of the debate has taken place, the rate suggested has been a flat 10 percent of turnover.
This has raised the hackles of trade associations and operators, who have warned of the dangers it poses to tens of millions in sponsorship and advertising Euros, and the limits it may place on the ability of Spanish licensed operators to effectively compete.
Trade associations like EGBA, the RGA and Spain's AEDAPI have all called for further consultation on the sports betting tax issue.
Tax disagreements to one side, it is thought that the regulations will create a controlling commission, prohibit Spanish citizens from accessing unlicensed online casinos and prevent advertising from unauthorised operators.
Punitive fines are envisaged for unlicensed operators accessing the market and it appears likely that the new regime will push the envelope in trying to protect Spanish licensees whilst staying within EU law…but the proposals will have to pass European Commission inspection.
There are reported moves afoot to privatise the state monopoly Loterias y Apuestas del Estado (LAE).
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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