No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
SOUTH AFRICA RACING INDUSTRY UNHAPPY WITH NEW TAX
Posted 2/28/11 : Warnings that government's latest bite could "kill the fourth-largest sport in the country"
Media reports from South Africa indicate that the horseracing industry has now digested Finance Minister Pravin Gordhan's new tax proposals....and does not like the implications.
In his budget speech last Friday the Minister announced a new tax of 15 percent on all gambling winnings over Rands 25 000 (weekend reports suggest that the Minister had originally proposed a threshold of Rands 50 000).
Bookies and operators alike have reacted by pointing out that gamblers may experience many losses before hitting a significant win, but Finance ministry spokesmen contend the new tax is in line with that imposed in other countries such as the United States, and was intended to discourage excessive gambling.
The major difference in South Africa is that gamblers cannot claim wagering losses against wins in the same way as their American counterparts.
Treasury official Cecil Morden told the Sunday Times this week: "I don't think we want to go that way."
Bookmakers already deduct 6 percent of their clients' winnings in separate provincial taxes, and Rian du Plessis, chief executive of Phumelela, which operates and controls horse racing in seven SA provinces, said: "We will seek an urgent meeting with the minister to explain that he would be destroying the fourth-largest sport in the country, along with thousands of jobs."
The sport was already "in decline" in South Africa, with operator profits down, the racing chief declared.
One high roller professional punter told the newspaper that he would stop his average annual spend of Rands 3-million on the tote if the tax were implemented. "The government perceives anyone in racing to have money, and this is a straight wealth tax ... (it) will annihilate the sport," he claimed.
"A punter who loses Rands 5000 on the first nine races is down Rands 45000, and when he wins R25000 on the last race, he'll be expected to hand over 15 percent of his winnings, irrespective of the previous losses."
Lisa Haines, a director of the country's largest sports betting outlet, SportsBet, told the newspaper that 20 percent of her client base - representing over 1000 gamblers - would have at least one win of over R25000 every month .
"It's ridiculous. This is now a third tax on bets after VAT and the 6 percent gambling tax we've had to pay to the province for the past three years, she said."
One of the complaints regarding the new tax measure is that there was insufficient consultative engagement with the gambling industry. Derek Auret, chief executive of the Casino Association of SA, said: "When the minister mooted the idea last year, we immediately sent a letter expressing our input and concerns, but we heard nothing more about it until the announcement."
South Africa casinos, which employ about 30000 people, were already heavily taxed, he revealed: "The government already gets 37 percent of revenues generated by casinos."
The bright side of the issue is that Treasury appears to be prepared to open dialogue on the tax, albeit belatedly.
Morden told the newspaper: "It's difficult to consult on something entirely new. Obviously, we will do quite a lot of consultation now, looking at administrative implications and exploring all options." He added that in constructing the tax, the Ministry has looked at gaming taxes in the Netherlands, the US and India, in particular.
Gambling News :
Alegriabet Finally Launches -
Our online betting site will deliver a full, market-leading suite of services including pre-match and live betting as well as virtual sports
International Table Tennis Federation in deal with Sportradar. -
The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.