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France Online gambling tax rates still undecided
French gambling industry executives and other parties interested in the possible regulation of Internet gambling in France assembled last week in Paris to discuss issues and listen to the latest progress report from French government officials responsible for driving the project and drafting proposed regulations. The gathering attracted some 400 delegates - twice the number that attended a similar event last year, indicating growing interest in the future regulatory and tax regime in a tough economic climate.
French government officials told the gathering that they were on track to submit the first draft of a sports betting licensing scheme at the end of this (2008) year. Tax levels have yet to be clarified despite wide speculation that a 14 percent rate based on turnover may be applied - not a popular number with many operators who draw an important distinction between turnover and gross win.
Representatives of major French land gambling groups like Partouche and Barriere voiced frustration at the prospect of being unable to offer Internet gambling in competition with EU-based competitors and the state monopolies Francaise des Jeux and Pari Mutuel Urbain, and gave notice that they would lobby the French government for the right to compete.
There was some concern that it could be another year or more before operating licenses were issued, and it appeared to some that the global decline in business has brought the need for other sources of revenue into sharp and more immediate focus.
Delegates present at the meeting noted that government officials appeared to be paying close attention to consumer protections
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Gambling News :
Wanajump Launches -
#Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.
Coral Launches player proposition betting product -
Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.
Oshi online casino now accepts fiat currencies -
The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.
New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
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