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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 :
Tain Fast Bet -
Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.
Olympic Entertainment Group Mobile Gaming -
In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.
Circus Evolution HD Slot -
Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.
17 Crown people still detained -
Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on
SB1400 Virginia Poker Skill Game Bill -
Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.
Pennsylvania Video Gaming Association -
With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.
Stiffer Problem Gambling Penalties in UK -
The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.
Spartan Poker vs SpartanPoker name War -
Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.
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