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Russian Gambling Tax Criticised
Friday, May 20, 2016 : NEW RUSSIAN ONLINE GAMBLING TAX PROPOSALS CRITICISED
This will kill the market, say operators.
A speaker at the G2E Asia i-gaming conference in Macau this week opined that proposed new Russian tax impositions on internet betting operators would kill off a promising market.
Christian Melin, head of gaming R&D at Marathon Bet, told delegates that the federal government in Russia has proposed that operators be compelled to pay licensing fees in each of the twelve Russian provinces where they operate and an annual "national" fee in addition to a 10 percent levy on turnover.
“If that happens the market will be more or less dead as no one will be able to pay that and bring in a profit,” said Melin, adding that there was some hope that vigorous lobbying by the industry will motivate politicians to relent on at least some of their proposals.
One way they could do that would be to base taxes on profit rather than turnover, Melin said, observing that the alternative to compromise for lawmakers would be a market where no one could afford to operate, defeating their goal of raising more tax revenues.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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