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Australia new federal government national gambling tax

Thursday, November 5, 2015 : AUSTRALIAN BACK BENCHER PROPOSES NEW NATIONAL GAMBLING TAX
 
Victoria state National party Senator Bridget McKenzie also wants to prohibit Aussies from gambling with offshore firms.
 
The Guardian newspaper in Australia reports that Victoria state Senator Bridget McKenzie has proposed a new federal government national gambling tax and a ban on Aussie punters gambling with foreign operators who are unlicensed in the country.
 
Her proposal calls for an evenly applied, uniform federal tax of 0.05 percent on turnover in which all states and territories would share, and strict enforcement provisions that would include banking and other blocks on illegal operators.
 
The tax would be collected by licensed betting operators on all transactions relating to Australian events.
 
This week McKenzie called for the government's review of the Interactive Gambling Act  to consider her proposals as part of its study and recommendations.
 
Sen. McKenzie has also reminded prime minister Malcolm Turnbull that she flagged her plans for him whilst he was Communications Minister.
 
Voicing her concern that sports betting was the fastest growing market in Australia, yet faced minimal taxation, McKenzie opined to the Guardian: “In terms of wagering, the current legal framework doesn’t provide the outcomes we need.”
 
She told the newspaper that she has raised her proposal in a formal submission to the government’s tax review committee, and will pursue the proposal in a speech when federal parliament resumes next week.
 
McKenzie has also proposed that a product levy be applied uniformly across all sports in order to raise money for sporting infrastructure and harm minimisation projects. The levy could be made a licensing condition for gaming operators, she suggested.
 
“A condition of an Australian wagering operating licence will be that any licensee has to ensure that their affiliates pay Australia the product levy on betting by all customers on all Australian sports,” she said, claiming that her proposals address "...the exponential increase in online sports betting and recognise that the internet had made state-based regulatory regimes impractical."



Gambling News :

Summer Is Here: It’s the 2017 Super Millions Poker Open - The 2017 Super Millions Poker Open (formerly the Summer Millions) starts July 15 with a hefty $2.5 million guaranteed in the prize pool. Qualifiers begin this Thursday; you can satellite your way into the 2017 SMPO for as little as 55 cents.

Americas Card Room Biggest OSS CUB3D ever - Included in the series is the next $1,000,000 GTD Million Dollar Sunday, the Main Event of the OSS. The MOSS and BOSS also have a Main Event and all three winners will walk away with a sterling silver commemorative bracelet in addition to the prize money. Also returning is an OSS Cub3d combined leaderboard. The top-3 ranked players at the end will receive a $4,900 Punta Cana Poker Classic prize package and a sterling silver bracelet.

Microgaming Casino Games Live on PokerStars - Following a successful integration to the Quickfire platform, Microgaming games are now live on PokerStars Casino

Jurassic World Online Slot live - During the base game, the fierce and genetically modified Indominus Rex can randomly appear on the screen, awarding wins of up to 1,000x the total bet.

Is there a place for AI in poker? - If you are into the technology, you have certainly heard about Artificial Intelligence (AI) at least a few times. The word has become even more popular over the course of the last few years, especially with an introduction of another buzz word

MLB Odds: Mets vs. Dodgers - Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.

NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title - It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.

Vikings’ Victory Slot Launches - The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.

50 WSOP Seat Satellite - Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.

NHL Odds: Series Tied Heading Back to Pittsburgh - As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.

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