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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.
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To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
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The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
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NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
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