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.
RGA Comments on Uk gambling Bill Progress
Thursday March 20,2014 : RGA COMMENTS ON PROGRESS OF UK GAMBLING BILL
All indications show that a 15 percent POC Tax is too high, says operator body
The Remote Gambling Association (RGA) has restated its view that a rate of 15 percent for the new UK point of consumption (POC) tax is too high; and has expressed its concern that the regime still does not appear to make allowances for bonuses and incentives.
This heightens the risk that British licensees will lose significant market share to black market operators and that this will undermine the regulatory objectives of DCMS and the Gambling Commission, said the RGA.
Details confirmed by the draft Finance Bill firmly set a 15 percent duty payable by operators on the gross profits they make from bets placed by customers who are located in UK, effective from December 2014.
The RGA pointed out that all economic analysis undertaken on the issue indicate that if the tax burden is too high there could likely be a reduction in value and choice for consumers which may impel them to seek out non-licenced companies who choose to operate outside the proposed British regulatory and tax regime.
This point is supported by the Department of Culture, Media and Sport Committee's pre-legislative scrutiny which said: “in setting a tax rate for remote gambling, the Treasury should bear in mind that too high a rate would be liable to drive customers and companies into the unregulated, black market.”
Late last year the RGA commissioned KPMG to test the economic impact of the 15 percent POC tax on the British online gambling market. Their findings were:
1. Firms are unable to recover their costs and either go out of business or are forced to operate in the grey market; and / or
2. A very large number of UK customers switch to buying gambling products from offshore duty avoiding providers because they are able to offer lower priced, more attractive, products.
Clive Hawkswood, Chief Executive of the RGA said:
“We have repeatedly said that the reason that the vast majority of well-known British companies operate from other jurisdictions is that the UK tax burden is unreasonably heavy and makes it very difficult to compete in the international market. This new regime has given the Government the perfect opportunity to correct past mistakes and it is very worrying that despite all the evidence it has not done so.
"Not only KPMG, but other respected experts at PwC and Deloitte, have all reached the same conclusion that any rate above 10 percent GPT is not sustainable in the long term. We cannot make the case any more clearly.
"We will continue to engage with HM Treasury in pursuit of what we believe should be the common objective of establishing a viable long term UK market where licensed and tax-paying companies can not only survive but thrive.’
"Finally, it was extremely disturbing that the Chancellor referred today to the establishment of a ‘Racing Right for horseracing’. We understand that this is just one of the options that will be under consideration, but it is one that will inevitably be opposed."
In related news, UK Chancellor of Exchequer George Osborne, during his annual budget statement, announced an increase in tax on Fixed Odds Betting terminals (otherwise known as B2 gaming machines) from 20 percent to 25 percent which will come into effect on March 1, 2015.
The market reacted negatively to the announcement in respect of gambling firms such as Ladbrokes and William Hill's share prices, down 12.2 and 7.5 percent respectively.
Based on its 2013 B2 gaming machine gross wins, William Hill said if the increased tax rate had been applied on those results, it would have cost the company an additional GBP 16 million.
Barney Horn, indirect tax partner in the Deloitte betting and gaming group surmised: "It will increase operating costs and could lead to further consolidation in the market. Online gambling operators are unlikely to be able to pass on the costs to consumers, but could be forced to cut back on marketing and player promotions."
Additionally, the Government will consult on widening the horserace betting levy to include offshore bookmakers, it was confirmed in the statement.
Surprisingly, the Chancellor also announced a cut in bingo duty which will be slashed from 20 percent to 10 percent to encourage investment in the sector.
Rank Group chief executive, Ian Burke said: "Today's announcement is an important boost for Britain's bingo clubs, which provide a range of social and economic benefits for the communities they serve. By bringing bingo duty into line with other forms of gaming entertainment, the Government has created a basis for renewed investment and innovation."
Gambling News :
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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.