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Dutch Online Gambling Tax Rate Set
Saturday July 12,2014 : DUTCH COUNCIL OF MINISTERS FINALISES ONLINE GAMBLING TAX RATE
20 percent on GGR confirmed despite calls from the land gambling sector of 29 percent.
The efforts of land gambling interests to have an equal 29 percent tax rate imposed on the soon-to-be-legalised online gambling industry were rejected Friday when the Dutch Council of Ministers confirmed that the tax rate for online gambling operators licensed in the newly liberated market will be 20 percent.
Taking some of the gilt off that gingerbread, however, is a requirement that licensees cough up 1.5 percent of turnover to the regulator, Kansspelautoriteit, and another 0.5 percent to a problem gambling fund still to be formed.
In related news, the publication Dutch News reports that the government is to end its monopoly on Dutch gambling, and has agreed to split up and sell off its state-run casino monopoly Holland Casino group.
Junior justice minister Fred Teeven announced Friday that ten of the 14 land branches will be sold off under their current branding while the other four locations will be sold individually.
The cabinet is also planning to open up the land casino market to new providers from 2017, with two licenses on offer to suitable applicants, bringing the total number of terrestrial casinos in the Netherlands to 16, owned by seven different companies.
The Holland Casino group is currently in financial trouble due to declining visitor numbers.
Minister Teeven pointed out that all potential new owners will have to maintain the same strict anti-gambling policy as Holland Casino.
Ministers have also reached agreement on deregulating the lottery and opening up that market to outsiders…on condition they give 40 percent of their profits to good causes, a ten percent reduction on the amount current mandated on the state-owned lottery.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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