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Bulgarian Gambling tax Rejected
11/21/09 - Fears that the recently proposed 10 percent Bulgarian gambling tax would by further boosted to 15 percent faded in the National Assembly Friday as the Budget Commission rejected a motion by conservative politicians to raise the tax by another 5 percent.
The conservative party “Law, Order, Justice” (RZS) and members of the Blue Coalition had proposed that the gambling tax be raised from 10 percent to 15 percent, arguing that this should be calculated on a profit basis, reports the Novinite news agency.
But although the 15 percent increase motion failed, a proposal to increase the tax to 12 percent based on turnover passed the Council of Ministers.
Other taxation moves passed included a quarterly levy on gambling and betting machines.
The new taxes come into force in January 2010 as part of an amended Corporate Income Tax Act.
The Bulgarian Association for Entertainment and Gambling Games, which had earlier warned that tax increases could be the final blow to battling gambling companies reiterated its warning that the increased taxation could cause the collapse of the industry, risking 40 000 jobs and government revenues.
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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