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SPANISH GOVERNMENT APPROVES DRAFT ON GAMING REGULATIONS
Posted By Lenny S on 2/4/11 : No further clarification on proposed tax regime
The Spanish Government's Council of Ministers have approved the draft bill on new gaming regulations and have committed to submitting the bill to Parliament within the next few weeks.
The Bill will regulate, for the first time, the various gaming activities that take place within Spain over the Internet and via other electronic channels such as mobile. The regulations which exclude the lottery, define the various gaming activities and requirements to be met.
Prior authorisation or licensing of gaming operators will come into force and as such the Act makes provision for the formation of a regulatory body within the State Administration Services, the Spanish Gaming Commission [Comisión del Juego], which will be responsible for monitoring operator compliance, issuing of licences and other related functions including granting prior permission for advertising, promotional and sponsorship activities carried out by authorised or licenced operators.
It is still unclear at this stage what model the various gaming activities will be taxed at however, all revenue collected will be given to the autonomous regions.
The First Vice-President of the Government confirmed that online gaming "is undertaken regularly and not subject to taxation but, once it is regulated, the corresponding taxes and duties will be established”.
Transgressions of the Act and unauthorised operators will be dealt with by hefty fines ranging from Euro 100 000 to Euro 50 000 000.
If the bill passes through Parliament, it will progress to the Senate and then to the European Commission, although industry pundits don't expect the bill to reach the commission until June or July 2011.
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Asia Gaming To Showcase Live Dealer Action -
Asia Gaming will be practically demonstrating its live dealer baccarat at the ICE show next month. The Asia-facing online gambling provider is on the expansion trail and intends to make a big impact at the expo and conference in London.
2017 Aussie Millions Event 6 -
Heads up, Boivin faced local pro Joel Feldman, but the Aussie proved to be no match for an on-fire Boivin who dispatched him with the runner up prize of A$78,440.
2017 Ice Totally Gaming -
Next month's ICE Totally Gaming conference and expo will again be a truly international affair, following confirmation by organizers Clarion Gaming that a total of 67 jurisdictions and sovereign states will be represented on the show floor at ExCeL Centre, London.
IGT in 7 Year Deal With Svenska Spel -
#IGT , as legacy #GTECH , has been providing video lottery products and support services to the state-owned monopoly Svenska Spel since 1996, the statement reminds readers.
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