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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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Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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