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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.
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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