Spanish Government Proposes Reduction in Online Gaming Tax

In its latest budget bill, the Spanish government has proposed to slash the country’s online gambling tax rate by up to five percentage points – from (in most cases) 25% of GGR to 20%.

As Spain’s current tax rates are significantly higher than those of other European jurisdictions – such as the UK or Italy – locally licensed operators have been reporting difficulties in competing with their unlicensed peers.

By lowering taxes, the Spanish government is hoping to attract more operators to its regulated market.

If approved, the proposed tax decrease would take effect from July 1, 2018.

 

Swedish Government to Publish Revised Gambling Framework on Thursday

The Swedish government announced that it will seek to publish its entire revamped national gambling policy this Thursday 5 April 2018.

The Swedish regulator, Lotteriinspektionen, also confirmed that its remote licensing process will now open on 1 August 2018, one month later than its original target date.

Lotteriinspektionen has stated that it will not place any limit on the number of applications by operators foreign or domestic.

Gaming operators that intend to apply for a remote license will have to pay SEK400,000 (€38,800), and should the company want to offer both online gambling and betting, this fee will be set at SEK700,000.

 

Upcoming Events

The following upcoming events may be of interest to members of the GiH community.

  • The next Slot Academy training course takes place 10-12 April in Leiden, The Netherlands. Download the course agenda here.
  • The GamblingCompliance Global Regulatory Awards 2018, celebrating excellence in the field of regulatory compliance and responsible gambling, will be hosted at The Sheraton Grand Hotel, London – 18 April 2018.
  • It’s Better Live! Join us for the 2nd Annual Live Gaming Summit in Barcelona, which is bringing together providers, operators, experts, and other stakeholders to discuss the latest developments in the live gaming industry on 26 April, 2018 at Casino Barcelona. Check out the event’s website for more details, or contact Willem van Oort at willem@vanoort.com.
  • Sweden is on the verge of launching a fully-fledged licensing system for online gaming. Will the country become a new hub for the remote industry? Find out at the iGaming Summit: 26 April, 2018, Stockholm.
  • Early bird tickets for the Gaming Summit, the conference of the German slot machine industry, on June 14 in Berlin are now available.
  • In 2018, the iGaming Super Show, EiG and Amsterdam Affiliate Conference come together as iGB Live!, a consolidated three brand event. The first edition of iGB Live! will take place 17-20 July 2018 at The Amsterdam RAI.
  • The International Masters of Gaming Law (IMGL) will be organizing their annual autumn conference in Prague, Czech Republic, 5-7 September 2018.
  • The 12th EASG Conference on Gambling Studies and Policy Issues is now scheduled for 11-14 September 2018 at the Grand Hotel Excelsior, Valletta, Malta.
  • The 2018 edition of Blockchain Live will feature eight conference stages, including one focused on gaming and gambling. No less than 3,000 attendees are expected to gather in The Grand Hall, Olympia, London on September 26, 2018.
  • The Lisbon Affiliate Conference will take place on 17-20 October 2018 and is expected to bring together the key stakeholders in the iGaming affiliate industry.

 

Netherlands Gaming Authority Releases Updated Guidelines for Determining What Is a Game of Chance

The Netherlands Gaming Authority has published its latest guidelines for determining whether a particular product or service should, legally speaking, be considered a game of chance.

According to the Dutch regulator, new gaming formats are being developed at a rapid pace. Moreover, the boundary between games of chance and other game formats is becoming increasingly diffuse.

The updated guidelines are thus meant to offer greater clarity regarding the criteria that are being employed by the Gaming Authority to determine the legal classification of what can potentially be considered games of chance.

 

Other News

The Netherlands Gaming Authority, industry representatives, and mental health professionals met to discuss the best way to educate players on the risks associated with gambling.

 

The first specialized clinic in the Netherlands to treat gambling and gaming addiction has opened its doors.

 

Gran Casino Nuland will be the main shirt sponsor of Dutch second division football club FC Den Bosch until the end of this season.

 

Novomatic’s Dutch subsidiaries, Eurocoin Gaming and Elam Group, held an open day at their premises in Waalwijk on Wednesday and Thursday last week.

 

The Netherlands Gaming Authority is looking to hire an in-house lawyer who specializes in administrative law.

 

The Netherlands Gaming Authority is looking to hire a compliance officer to oversee one or more segments of the gambling industry.

 

GVC has finally completed its takeover of Ladbrokes Coral.

 

888 has applied for a gaming license in Malta due to Brexit uncertainties over Gibraltar.

 

Danske Spil CEO Niels Erik Folmann discusses the Danish market, how it will evolve, and why Danske chose SBTech as its sports and casino platform provider.

 

Horse racing has enjoyed 200% growth in the Spanish market in the last five years, from €21 million in 2013 to a “non-dismissible” €90 million in online turnover during 2017.

 

Stockholm-listed Kindred Group becomes the latest betting enterprise to join the sector’s growing All-in Diversity Project, as part of the firm’s ongoing initiatives to develop inclusive and sustainable corporate frameworks.

 

“The industry needs to get smart on diversity,” according to Jan Jones Blackhurst, the former Mayor of Las Vegas and current Vice President of Public Policy & Corporate Responsibility at Caesars Entertainment.

 

Kindred Group has become the latest operator to install tracking software on its landing page to beef up oversight of its affiliate partners.

 

German-language sportsbook Tipico Sportswetten has extended its title sponsorship of the Austrian Bundesliga for a further two seasons.

 

European Gambling giants OPAP have seen a 25.9% decrease in net profit for the 2017 financial year according to the company’s latest financial performance release.

 

Athens-based Intralot saw a 5.5% rise in earnings during 2017 thanks to improvements in its operating performance.

 

Sportsbook supplier Kambi reported an 11% revenue increase in 2017.

 

Online gambling technology provider GAN boosted its revenue and narrowed its losses in 2017, thanks to a surge in US clients for its social casino product.

 

Catena Media has completed another acquisition after sealing an $11m (€8.9m) deal for New Jersey iGaming affiliate BonusSeeker.com.

 

Big Fish Casino, the series of interactive social games once operated by Churchill Downs, was found to be “illegal online gambling” by a US federal appeals court judge under local state law.

 

Richard Branson’s Virgin Hotels group has acquired the Hard Rock Casino in Las Vegas.

 

PokerStars India, the company’s long-awaited localized Indian online poker room, is set to go live on April 17.

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