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”