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Pokerstars closing to Austrian players

March 1,2016 : TAX CONCERNS PROMPT POKERSTARS' EXIT FROM AUSTRIAN MARKET
 
Effective today, Pokerstars.fr withdraws.
 
Austrian players using the French-regulated version of Pokerstars at Pokerstars.fr have been advised by the company that effective March 1st the site will be closing its virtual doors to Austrian players.
 
In a message to Austrian players, the online poker company advised:
 
"We are writing to inform you that, due to the latest change in legal framework in Austria, starting at 10:00 ET on March 1 we will stop allowing players based in Austria to play on the PokerStars.fr site.
 
"Your PokerStars.fr account will remain open and accessible, and your funds can be withdrawn at any time to your registered bank account. Any tournament tickets or T€ balance will automatically be converted into Euro when you visit the cashier.
 
"You are welcome to use your StarsCoin to purchase cash rebates or any other items from the VIP Store, with the exception of online tickets. Please also be informed that your real money and StarsCoin balances cannot be transferred between accounts on different licenses."
 
The announcement unleashed a barrage of message board speculation, prompting the company later to add the following information:
 
"On January 1, 2016, PokerStars started paying gaming duty taxes to the Austrian Government for play on PokerStars.FR by players who had a registered address in Austria.
 
"This additional tax was in addition to the tax that PokerStars was already paying to the French government for play by all players on PokerStars.FR.
 
"It was unsustainable for PokerStars to pay double tax – to both the Austrian and French Governments – for play by Austrians on PokerStars.fr. Consequently, we have little choice, and need to stop allowing players with a registered address in Austria to play on PokerStars.fr."
 
With a punitive 37 percent tax rate on GGR in France, and a 20 percent Austrian tax on gaming transactions, the company apparently had little alternative but to call it a day in Austria.
 
In doing so it emulated its decision in late 2014 to withdraw from the United Kingdom at the prospect of a 15 percent point of consumption tax on online gambling, which is already hammering the profitability of major companies like William Hill and Ladbrokes

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Gambling News :

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

Microgaming is set to release three exciting new games in March - Pollen Party will literally have players buzzing with excitement as the ground-breaking, 720 way variable reel online slot is brought to life in a unique honeycomb reel layout.

NBA Odds: Resurgent Clippers Face Warriors in Oakland - After a much-needed lineup shuffle, the Los Angeles Clippers (29-27 SU, 35-21 ATS) carry a four-game SU and ATS winning streak into Thursday’s game against the best team in the NBA, the Golden State Warriors (47-9 SU, 27-27-2 ATS). Tip-off is at 10:30 PM ET on TNT.

NBA Odds: New-Look Pelicans Host Rockets on Thursday - The New Orleans Pelicans just hosted the All-Star Game and saw their very own Anthony Davis win the MVP. But the celebration was brief because the next day, the Pelicans made a huge trade,

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republic’s new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

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