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Portugal's online gambling laws coming any day now
Thursday February 26,2015 : NEW PORTUGUESE ONLINE GAMBLING LAW IMMINENT?
Speculation that implementation is just days away.
The long wait on the finalisation of Portugal's online gambling laws may be over, if speculation in local media is to be believed.
Several reports suggest that the reforms, which have languished in the government's Council of Ministers for months, may be implemented before the end of February.
The last-known content of the bill included:
* Taxation based on gross gaming revenue on a sliding scale (dependent on gross income) between 15 percent for operators below Euro 5 million and 30 percent for operators over Euro 10 million.
* Sport betting operators get a better deal at tax of just 8 to 16 percent, again dependent on GGR.
* A more reasonable and pragmatic revision of an original provision requiring operators to open their servers for inspection at any time by regulatory inspectors.
* Operator can accept deposits from EU-regulated and based credit institutions.
* A more open (as opposed to ring-fenced a la France and Italy) approach to player pools.
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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.
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