No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
Online gambling body AFJEL joins calls for tax reform
Wednesday September 7, 2011 : Online gambling body AFJEL joins calls for tax reform
Pressure is mounting for a revision of the tough French taxation regime applied to online gambling, with the relatively new action group AFJEL joining calls for a more realistic approach.
High tax is one of the main objections voiced by operators considering an application for a French licence. The 8.5 percent tax on turnover (ie all betting stakes) instead of on GGR makes it difficult for operators to turn a decent profit.
Several major internet gambling companies have already showed their disapproval of the high taxes imposed by the French government, with Ladbrokes, William Hill, Sportingbet, and Betfair among those that have eschewed operating in the French online gambling environment.
The national regulator, ARJEL, has made a submission to government which reportedly contains 65 proposals for improvement, among these a suggestion that taxation be based on Gross Gaming Revenue (GGR)* and be set at different rates by genre e.g. 25 percent for poker, 38 percent and 55 percent for sports betting and horse betting.
ARJEL is understood to have punted a return-to-player rate of 95 percent, an increase of 10 percent over the current requirement, in an attempt to improve the appeal of French games.
These proposals are in contrast to a flat 20 percent across all online gaming suggested by Deputy Jean-François Lamour of the Union pour un Mouvement Populaire (UMP), a centre-right political party, earlier this year. Lamour recommended a RTP rate no lower than 90 percent.
Industry observers see the proposals as an indication that the counterproductive effect of too onerous a tax regime targeting turnover has been taken on board by all concerned, and there is hope that the review on the industry scheduled for November will herald a more practical approach.
To some extent this appears to be supported by the ARJEL chief, Jean-François Vilotte, who has reportedly said that 'some' modifications might be achievable this year.
However, the Minister for Budget, François Baroin, has dampened optimistic predictions by asserting that the government will not be introducing tax reforms before the 2012 presidential elections, and that there are no immediate changes on the government agenda.
*GGR = amount wagered minus the winnings returned to players.
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.