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Greece Wants Higher Gambling Taxes
Friday, April 22, 2016 : GREEK GOVERNMENT TO VOTE ON HIGHER GAMING TAXES (Update)
The already sky-high tax rate is set to go to 35 percent of GGR.
The Greek government has confirmed that it intends to call a parliamentary vote next week in order to increase the already high tax rate on gaming from 30 percent to 35 percent
In the quest for ever more tax revenue the government appears deaf to pleas from operators that it will be extremely difficult for them to prosper in such a discouraging business environment.
Among the major companies that have signalled their distress at the taxation hike has been Amaya, which specifically pointed to the Greek situation in advising that it was unlikely to meet its full year forecast (the company operates in Greece through Pokerstars.gr which has a partnership arrangement with one of the 'temporary' licence holders).
Tax receipts for government from online gambling have been minimal in the last three years, and turning the screw still further is unlikely to improve the situation; instead players will likely seek offshore operators who can better afford good odds and promotions.
Operators, including OPAP, have already warned that they may be compelled to leave the market, finishing off what is left of the goose that could have laid so many golden eggs.
OPAP and finance ministry officials have reportedly met to exchange views on the situation, but so far it does not appear that government has been deterred from further tax rate escalation, although perhaps there is room for manoeuvre in the way in which tax is calculated.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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