Proposed Gaming Tax Increase Going Nowhere

Last month Representatives Pieter Omtzigt (CDA) and Elbert Dijkgraaf (SGP) proposed to increase the gaming tax from 29 to 35.2%. Even then, it was rather obvious that this proposal was going nowhere.

State Secretary Eric Wiebes’ preliminary reaction, which was published on Monday, only reinforced that conclusion.

 

Dutch Representatives: “Binary Options Should Be Regulated under Gambling Act”

Representatives Erik Ronnes and Peter Oskam of (both members of the non-ruling Christian democratic CDA) have requested the Dutch government to commit itself to changing European legislation regarding binary options.

Binary options are currently being regulated by the EU Markets in Financial Instruments Directive (MiFID), which has been in force since November 2007. Earlier this year, the District Court of Rotterdam found that this directive makes it legally impossible to have binary options fall under the scope of national gambling acts.

As a result, binary option trading in the Netherlands can neither be prohibited, nor being regulated by the Netherlands Gaming Authority. Representatives Ronnes and Oskam are now looking to change this situation.

 

Golden Ten’s Short-Lived Return

Last week, we reported that Golden Ten appeared to be back. A modified version of this once very popular game had even managed to gain approval of the Netherlands Gaming Authority (KSA), according to operator Gerard Wiggers.

The KSA itself, however, took a rather different view of the matter. “There never was any agreement whatsoever between the Gaming Authority and the operator with regard to allowing the game,” the regulator said in a statement.

The KSA, moreover, proceeded to remove the operator’s equipment from the venue.

 

Belgian Gaming Commission Identifies 70,000 Fake Online Gaming Accounts

Even though there are strict rules mandating that Belgian online punters register their true identities with operators, in practice these have remained – until quite recently – mostly a dead letter. This now appears to be changing.

Since September, the Belgian Gaming Commission (BGA) has managed to identify no less than 70,000 fake accounts, a number that is expected to grow to 200,000 or even 300,000.

Controls on the origin of monies being wagered were lacking as well.

Starting next year, it will no longer be possible to register under a false name, a spokesperson of the BGA said.

 

Other News

Don’t miss the GamblingCompliance Regulatory Briefing taking place in Lisbon, Portugal, December 1 2015! The briefing will provide a round-up of some of the key European regulatory developments in 2015, as well as a look forward to what can be expected in 2016.

 

Also of interest is EGR’s free webinar on the importance of data security in the iGaming sector on Thursday 12 November 14:00-14:45 BST.

 

Dutch lottery De Nationale Postcode Loterij will bring George Clooney to Amsterdam.

 

OPAP video lottery delay could cost Greece €300m.

 

Another lacklustre quarter for French internet gambling.

 

Italy loosens betting restrictions.

 

Operating an iGaming website might net you a life sentence in South Korea.

 

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