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Online betting regulation in Spain could be postponed another year
Despite the political will to regulate and tax online gambling in Spain, the initiative has slowed considerably, reports Swiss-Presse.
The news outlet reports that the Spanish Association of Internet Bettors (Aedapi) estimates that the benefits for the companies that operate in this sector exceeded Euro 200 million last year, equating to a tax loss of around Euro 20 million at an estimated rate of 10 percent as the issue of regulation drags on.
In December 2007, the Spanish Congress of Representatives approved the Law of Measures to Boost the Information Society. It included the commitment of the government to present a bill to regulate online gambling and betting. More than a year later, there has been little significant progress.
In June 2008, there was a meeting of the Gambling Sectoral Commission, comprised by members of the Minister of the Interior, the Secretary of the State of the Information Society, the Tax Agency, the National Entity of Lotteries and Betting (Onlae) and autonomous communities.
Aedapi spokesmen told Swiss-Presse that it is unlikely that the bill will be finalised until 2009, leaving online gaming in something of a legal limbo.
Benefits derived from online gaming are not presently being taxed and that is one of the aims of the new legislation, he claimed. It was important that a regulation and licensing regime be implemented to obviate the prospect of operators in the Spanish market paying taxes and fees elsewhere; those sources of tax income should remain in Spain, he said.
Companies located abroad pay taxes in their countries of origin, the spokesman said. In the case of British firms, the activity has a 15 percent tax. In the auonomous region of Madrid, online gaming benefits have a more competitive 10 percent tax.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
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Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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