Europe had been a place that is confusing do gambling business in 2015. Gaming regulations within the EU lacked harmony, regardless of the best efforts of the European Commission.
Europe faced a boatload of regulatory issues this season. No question, 2015 was a challenging 12 months for online gaming operators in the EU, as tighter regulations from numerous countries created an ever more fragmented regulatory landscape.
From taxation levels to player pools, Europe remains an unharmonious online video gaming space.
Meanwhile, the EU that are new on digital services, and the British point of consumption tax, squeezed operators’ margins and ushered in a period of consolidation for the gambling industry.
Several countries decided on to manage online gambling and start their markets up to foreign operators, increasing the tax hassle for businesses who wished to engage with these new licensed markets.
Hoping to raise some tax that is much-needed, Portugal’s cash-strapped government finalized its brand new online gambling bill into law in June, nevertheless the brand new regime’s taxation needs had been criticized by the industry for being overly complex and punitive. That’s because casino and poker revenue has become 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 pay as much as 50 percent less taxation than the newlyRead More