No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
GIBRALTAR TAXES ON INTERNET GAMBLING OPERATORS TO RISE TENFOLD
Posted by Max Finstein on 12/22/10 :
Online gambling companies are to be classified differently
The bad news for Gibraltar-domiciled online gambling operators over the weekend was that the government intends lifting their tax rate from 1 percent to 10 percent from next year.
The UK newspaper The Guardian reported the hike, revealing that the local industry employs 2,000 people , or 12 percent of the workforce, and has helped to insulate the local economy against Spain's harsh economic climate.
Gibraltar's low tax rate has attracted many leading online gambling companies to its shores, most recently the internet divisions of Ladbrokes and William Hill, which moved from the UK and its high taxation in order to better compete with offshore rivals.
The Guardian report reveals that in 2009 the Gibraltar government add Euro12.4 million to its coffers from online gambling company taxes, and that n 2011 his will incease tenfold when the gaming concerns are brought into the same tax regime as other businesses. That is assuming they do not relocate to a softer tax environment.
Online companies currently pay 1 percent tax with a ceiling of Euro 500 000 a year, the newspaper informs. And although this is about to rise significantly, the companies will still not pay any VAT, which means the tax regime will remain attractive.
Veteran bookie Victor Chandler told the regional newspaper El Pais: "Nobody will leave, although we'll all complain about the tax going up."
Gibraltar's first minister, Peter Caruana, said that the increase in tax is part of the Gibraltar government's strategy to conform with European law.
"To comply with EU law we must phase out the tax-exempt company system in 2010," he said. "However, in order to sustain our successful economic model we must retain a commitment to a very competitive corporate tax model."
Top online gambling companies are resident on The Rock, as Gibraltar is nicknamed. These include Party Gaming, Victor Chandler, William Hill and Ladbrokes.
The Guardian pointed out in a sidetrack to its main tax story that Gibraltar's neighbour Spain has internet gambling regulations in the pipeline to cater for the online gambling demand from some 200 000 Spaniards who wagered around Euro 575 million over the internet in 2009.
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
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.
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.
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.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.