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Lower Fees For UK Gambling Licenses
MOST U.K. REMOTE GAMING LICENSEES CAN EXPECT LOWER FEES IN 2017
Gaming Commission's goal is to more evenly spread the fees burden.
The UK Gambling Commission revealed in a communication this week that its consultation with the Department of Culture Media and Sport on license fees has been concluded, and that most licensees will see reductions in the amounts they will be paying from April 6 next year.
The advisory notes that the "overall fee burden" across the remote gaming industry in the UK will decrease by around ten percent, with something like 1,900 licensees paying lesser amounts varying between 2 percent to 75 percent.
A further 1,000 licensees will experience no change in their contributions, and initial online license applicants will be given a 25 percent discount to help them get going.
Unfortunately the news is not as favorable for the approximately 100 companies at the top of the industry in terms of GGR, who will probably face more significant hikes based on 0.05% to 0.1% of their revenues; that could see increases of up to 140 percent.
Proportionality appears to be the criteria applied to the restructured fees, easing up on smaller companies and making up the difference across medium to large operators.
In what appears to be a sensible and reasonable change, a new "game host" license is to be introduced which will empower business-to-business companies who host their own games in the business-to-consumer environment to operate off one license, reducing their costs.
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.
Aussie Millions won by Norwegian Jon Kyte and New Zealandís Daniel Smith -
In this event, poker players teamed up in pairs to form 79 teams. The teams had to climb their way up to the throne by beating the other teams. A total prize pool of A$80,975 was shared amongst the teams. The Shot Clock Team became particularly popular because the players had to devise their own ingenious strategies so as to reach the top.
ACR $15 Million OSS Cub3d -
Americas CardRoom immensely popular OSS Cub3d returns February 25th and it's bigger than ever. U.S. Online Poker players will have a chance to compete for $15 Million in guaranteed prize pools.
AIGF and Betradar formalised their relationship -
At this yearís ICE Total Gaming, the All India Gaming Federation (AIGF) and Betradar formalised their relationship, committing to understand, explore opportunities and network across India around sports betting and gaming.
EHF and Sportradar Extend Partnership -
The EHF is responsible for a wide range of activities including the promotion and development of the sport, education programmes, player transfers and the organisation of high-profile sports competitions and events including the EHF EURO and the EHF Champions League.
Swisslos and Betradar in Deal -
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