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GREEKS RETHINK ONLINE GAMBLING TAX RATE

Posted 3/11/11 : Sensible move to a practical tax regime
 
The furore over the Greek government's proposed online gambling tax rate of 6 percent of turnover appears to have been ameliorated with the news this week that following submissions from interested parties, the politicians have now opted for a 30 percent tax on gross profits.
 
The Remote Gaming Association was among those who made submissions on the original 6 percent-of-turnover draft, which RGA chief Clive Hawkswood described earlier this year as  "....just not viable in a highly competitive global market", and pointed out that the French government had already made a similar error in imposing too high a tax rate.
 
Hawkswood's organisation, assisted by business services group KPMG, submitted an assessment to the Greek government, showing that only a gross profits taxation model will provide value for consumers, a reliable source of revenue for the government and a healthy, competitive environment for the industry.
 
This week the RGA welcomed the reconsidered tax rate, although it noted that the Greek tariff was still somewhat higher than in other European jurisdictions such as Spain. A spokesman said that the Association would continue to lobby the Greek government in an attempt to bring its tax into line with that of other European regulators.
 
The Greek government has plans to issue somewhere between 15 and 50 internet gambling licenses in 2011, each of which will run for five years. Several major online gambling companies have indicated an interest in taking out licenses.
 
The liberalisation bill passed at the end of January, leaving the construction of regulations, licensing and taxation regimes to be finalised. There were earlier concerns that aspects of the draft may be in conflict with European law, specifically requirements that licensees have servers and a presence in Greece, and use a Greek internet domain.



Gambling News :

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.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

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 - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

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.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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