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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.



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$400k Winner at Bodog Casino - To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.

NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

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NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

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