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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 :
Live Dealer Now At Slotocash -
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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 -
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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.
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