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BWIN EXEC PRESENTS SPANISH REGULATORY PROPOSAL

Karin Klein, the Regulatory Affairs Director for European online gambling giant Bwin, presented regulatory suggestions for Spanish gambling to the recent Gaming Executive Summit in Madrid, emphasising that any new regulations should take into account the existing license and tax systems, the transparency of companies, security, responsible gaming policies and the introduction of an independent control body.
 
Presenting the Bwin proposal for discussion, Klein suggested that it would guarantee protection for the user, additional income for the state and a secure and consistent legal framework for operators, because it was devised with the European Union’s present tax system in mind - taxation for games of chance calculated on a firm’s gross incomes as an aggregate tax base, and associating the incomes of firms from EU member states to those obtained in Spain.
 
Klein gave an example, saying that online providers who were granted licensing in Spain and participated in the Spanish market should pay the gambling tax in Spain related to the income generated by users that live in the country. Tax rates must remain competitive in order to ensure that online gambling providers with a European licence remain attractive to the global market while also avoiding double taxation in the European Union.
 
Efficient regulatory and tax moves could deliver Spanish tax revenues of up to $1.03 billion from online gambling.
 
The Vienna listed Bwin group has been a major force in pushing for a properly regulated and integrity-driven online gambling industry and is a prominent member of the European Gaming and Betting Association (EGBA)

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Gambling News :

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

Cherry CEO Fredrik Burvall Steps down - Anders Holmgren, currently a board member of Cherry AB and one of the founders of Betsson where he also held the role of chief executive officer of Betsson Malta

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