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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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Opap in memorandum of understanding With Inspired -
Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.
DeltaCorp To Acquire ace2three -
Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month
More Australian POC Taxes -
In an interview with The Australian, Tabcorp chief executive offer David Attenborough warned “global rivals” of his belief that other Australian states are moving fast to follow South Australia’s lead in implementing a point of consumption tax.
William Hill Exits Russia -
"Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.
Pennsylvania Online Gambling Hearing Postponed till October -
HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.
Two Mega Fortune Dreams Jackpots Hit -
Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.
ASA Looking at Ladbrokes and Netbet ads -
A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.
Betconstruct In Deal With Realistic Games -
BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.
XLMedia Half 1 2016 Earnings Report -
Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.
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