European countries was a place that is confusing do gambling company in 2015. Gaming regulations in the EU lacked harmony, regardless of the best efforts of the European Commission.
Europe faced a boatload of regulatory issues this year. No question, 2015 was a challenging year for online gaming operators into the EU, as tighter regulations from numerous countries created a more and more fragmented regulatory landscape.
From taxation levels to player pools, Europe continues to be an unharmonious gaming space that is online.
Meanwhile, the EU that are new on digital services, in addition to the British point of consumption tax, squeezed operators’ margins and ushered in a period of consolidation for the gambling industry.
Several countries chose to manage online gambling and start up their markets to foreign operators, increasing the tax headache for businesses who wished to build relationships these new licensed markets.
Hoping to raise some tax that is much-needed, Portugal’s cash-strapped government signed its brand new online gambling bill into law in June, however the brand new regime’s taxation demands had been criticized by the industry for being overly complex and punitive. That’s because casino and poker revenue happens to be taxed between 15 per cent and 30 percent depending on an operator’s annual income.
Portugal’s decision to allow the state that is former to spend as much as 50 percent Continue reading “Europe in 2015: A Fragmented Regulatory Landscape for on the web Gaming”