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.
Gamblers Give British Budget Mixed Reactions
Increases in the already heavy taxes on drinking, smoking and gambling were included in the British government's latest budget proposals, although these were largely overshadowed by the boost in general tax rates for those earning over GBP 150 000 p.a., who have been hit with a 50 percent tax rate as the Chanellor continues to attempt to buy the economy out of recession.
Of immediate concern to providers of poker and bingo entertainment was the news that they will have to contend with further tax hikes, although shares in bookie firms soared after fears of a massive tax hike in gross profits tax failed to materialise. As it turned out there was no change to the current 15 percent tax rate in that respect.
On the negative side, the Chancellor of the Exchequer, Alistair Darling, announced that bingo operators will have to pay tax at 22 percent rather than 15 percent at present. And while VAT on bingo is being removed, analysts are predicting that the changes will leave major bingo providers like Rank with a higher tax bill than it pays at present.
Analyst Paul Leyland summed it up when he said: "This is a good budget for bookies because a lot of people were worried that [government] would turn to the gross profits tax to raise money and they haven't. But it's bad for bingo because while VAT is going, the GPT is going up to 22 percent."
Rank plc has been lobbying hard for reductions in tax on bingo, arguing that it is not treated fairly when compared to other forms of gambling and that women who go to bingo effectively pay much more than their husbands when they go to bookmakers.
Axing VAT on bingo will cost the Exchequer GBP 50 million this year, one analyst estimated, adding that this will be more than compensated for by the GBP 60 million it raises in 2009/10 with three new measures - raising gross profits tax on bingo (GBP 35 million); gaining GBP 20 million from a 9 percent increase on the duty paid on amusement machines and introducing a new tax on casino card rooms.
Bookie firms attributed the retention of the status quo in their sector to the extensive lobbying carried out in March in operator meetings with the government, where it was pointed out that even a 2 percent hike in gross profits tax would result in the closure of at least 845 betting shops and consequent unemployment (see previous InfoPowa report). A Ladbrokes spokesman said: "Our case was strong, the arguments were strong, the industry’s entering recession. It wouldn’t make sense to single out one particular sector when businesses are under such pressure.”
The chairman of the Association of British Bookmakers, Warwick Bartlett, added: “We were able to demonstrate we were at the tipping point, that increasing gross profits tax by a certain amount would have tipped the balance so bookmakers would have had to make a deduction from their customers, leading to the loss of as many as 1 000 shops. The government realised the priority was to protect jobs.”
Rank is understandably disappointed, revealing in a statement that the bingo tax will cost the company overall GBP 9 million a year. The company lamented that the increases to bingo duty and poker taxation have been imposed "without prior indication or consultation”.
The implications of the new taxes compelled Rank to bring forward its management update, in which it said that tax changes would result in approximately GBP 6 million of unbudgeted costs during the remainder of this financial year, or approximately GBP 9 million over the full year.
Group turnover was down 1 percent as expected, and the Interactive division of the group reported turnover down 13 percent, mainly on sportsbetting operations, where a decline of 52 percent was experienced, mainly due to low win margin on football wagers.
MeccaBingo remain static, benefitting from the non-payment of VAT on interval bingo in both 2009 and 2008. This issue remains on appeal by the UK Customs and Excise authorities (see previous InfoPowa reports).
Rank shares tanked by 14 percent on the news of the tax implications.
Gambling News :
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
The Railbird Launched By Americas Card Room #acra -
Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.
Huge Caribbean Hold’Em hit at Bovada Casino -
A progressive jackpot strikes again! This time it was at Bovada Casino, where a Texas player landed the top hand playing Caribbean Hold’Em over the weekend. A grand total of $119,348 was collected from the poker-inspired table game.
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.