European countries in 2015: A Fragmented Regulatory Landscape for on line Gaming

European countries in 2015: A Fragmented Regulatory Landscape for on line Gaming

Europe had been a place that is confusing do gambling company in 2015. Gaming regulations in the EU lacked harmony, regardless of the most readily useful efforts of the European Commission.

Europe faced a boatload of regulatory issues this season. No concern, 2015 was a challenging 12 months for online gaming operators in the EU, as tighter regulations from many countries created a more and more fragmented landscape that is regulatory.

From taxation levels to player pools, Europe remains an unharmonious gaming space that is online.

Meanwhile, the new EU tax on digital services, as well as the UK point of consumption tax, squeezed operators’ margins and ushered in an interval of consolidation for the gambling industry.

Several countries decided on to manage online gambling and open their markets up to foreign operators, increasing the tax frustration for companies who wished to engage with these brand new licensed markets.

Hoping to raise some tax that is much-needed, Portugal’s cash-strapped government signed its new online gambling bill into law in June, but the new regime’s taxation needs had been criticized by the industry to be overly complex and punitive. That’s because casino and poker revenue is currently taxed between 15 percent and 30 percent depending on an operator’s yearly income.

Portugal’s decision to allow the previous state monopoly to spend up to 50 percent less tax than Continue reading “European countries in 2015: A Fragmented Regulatory Landscape for on line Gaming”

Caesars Reports Mixed Third Quarter Results, WSOP TV Ratings Also Mixed

Caesars Reports Mixed Third Quarter Results, WSOP TV Ratings Also Mixed

World Series of Poker champ Joe McKeehen had a $7.68 million payday this week, the WSOP also helping the financials that are third-quarter Caesars.

Caesars Acquisition Company (CAC), the investment arm in Caesars Growth Partners (CGP), released its third quarter profits for 2015 and the total results are mixed.

The moms and dad business to Caesars Interactive Entertainment, the planet number of Poker and several casinos Planet that is including Hollywood Harrah’s New Orleans, and also the Horseshoe Baltimore, CAC reported total new profits jumped to $601.2 million within the three months finished September 30, a growth of almost 24 %.

Not all of the news was positive, CAC also revealing that its web income from continuing operations had been just $20.5 million, a 71 per cent drop year-on-year.

Caesars Acquisition’s CEO Mitch Garber had no qualms spinning the negatives into positives, saying their company remains ‘encouraged by the strong performance of our assets.’

Interactive Stays Active

The highlight of Q3 filing by CAC was once more its Caesars Interactive Entertainment (CIE) arm, the division reporting $194.5 million in net revenues, a 20.4 percent yield compared to Q3 2014.

CIE is responsible for the WSOP brand name along with Caesars Palace Las Vegas and lots of social gaming sites including Bingo Blitz, Slotomania, and Caesars Bingo.

‘Our Interactive Entertainment business continues to generate res Continue reading “Caesars Reports Mixed Third Quarter Results, WSOP TV Ratings Also Mixed”