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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.
Gambling News :
International Table Tennis Federation in deal with Sportradar. -
The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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