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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)



Gambling News :

$400k Winner at Bodog Casino - To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.

NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

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