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.
Spanish Online Gambling Losing Money
Wednesday October 2,2013 : JDIGITAL STUDY PAINTS A DISMAL PICTURE OF SPAIN'S ONLINE GAMBLING
Independent Deloittes study shows that online gambling sector lost Euro 72.5 million in its first year of regulation.
High taxation has been identified as the main reason for substantial overall losses that online gambling operators have suffered in the first year of Spain's regulated market regime.
The trade association JDigital commissioned an independent study by the Deloittes professional business services organisation, the results of which confirm that online casino operators in Spain sustained overall losses of Euro 72.5 million in the first year of regulation.
That was despite significant marketing investments that generated revenues of Euro 234 million over the period June 2012 to June 2013.
Deloitte concluded that the principal cause for the losses is high government taxation, which can rise to 25 percent of gross revenue in some cases.
In trying to make a profit in a competitive market, operators invested Euro 125 million in marketing and sports sponsorships.
Deloittes did not take into account the Euro 150 million that applicants for licenses were initially required to pay in a back-dated and very questionable tax demand from the government early in the licensing process , which would push the tax burden even higher if included.
Reporting on the study to an association of Spanish businessmen last week, JDigital president Sacha Michaud referenced similar overly high taxation problems that have plagued the French online gambling market, warning that over-taxing operators there has diminished the market significantly and driven operators away.
He offered suggestions on how Spain might avoid a similar flight of operators from the market, including a reduction in tax to 10 percent in line with that imposed by regional authorities; tax incentives to encourage operators to create more employment; tax breaks on technological investment; and measures to ease the burden of value added tax.
Michaud highlighted Deloittes calculations that show that, had the government adopted more lenient tax requirements like this from the start, the overall losses currently being experienced would be 10 percent rather than the current 30 percent.
Supporting Michaud in his presentation, Deloitte exec Marcos Rio opined that sensible taxation had the potential to create more wealth and more jobs if government adopted the suggestions offered.
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
Gambling News :
Wanajump Launches -
#Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.
Coral Launches player proposition betting product -
Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.
Oshi online casino now accepts fiat currencies -
The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.
New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
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.