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Eu Commission Approves Croatia Online Gambling
Friday November 14,2014 : CROATIAN ONLINE GAMBLING REGULATIONS APPROVED BY EUROPEAN COMMISSION
But it’s likely to be an expensive regulatory jurisdiction.
The stage appears to be set for Croatia's entry into the online gambling regulated market; the country's draft law on internet and mobile gambling licensing and regulation has just received European Commission approval.
The government will now take the law through parliament, ultimately leading to a new licensing and regulatory regime by June-July 2015.
Passage through the EC was made easier by the Croatian lawmakers' decision to eschew a dedicated national network approach that would exclude outside operators and players, apparently learning from the mistakes made by countries like France, Italy and Spain.
However the financial demands proposed by the government may prove too rich for many operators; proposed licensing fees run at the currency equivalent of US$490,000, with a further half-million dollars as an annual top-up.
Then there is a requirement that operators hold a $490,000 deposit in a local bank as a guarantee of financial stability, and a five-percent monthly levy on gross gaming revenues.
Operators will also be responsible for ensuring that players pay a withholding tax on their winnings, calculated on a sliding scale that includes 10 percent on winnings between HRK 750 and HRK 10,000; 15 percent up to HRK 30,000; 20 percent up to HRK 500,000; and 30 percent on amounts above that.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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