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Dutch Online Gambling Tax Rate Set

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.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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