Europe was a confusing place to do gambling business in 2015. Video Gaming regulations in the EU lacked harmony, despite the most useful efforts of the European Commission.
Europe faced a boatload of regulatory issues this present year. No question, 2015 was a challenging 12 months for online gaming operators into the EU, as tighter regulations from numerous countries created a more and more fragmented landscape that is regulatory.
From taxation amounts to player pools, Europe continues to be an unharmonious gaming space that is online.
Meanwhile, the EU that are new on digital services, in addition to the British point of consumption tax, squeezed operators’ margins and ushered in an interval of consolidation for the gambling industry.
Several countries selected to manage online gambling and open up their markets to foreign operators, increasing the tax headache for businesses who wished to build relationships these brand new licensed markets.
Hoping to raise some much-needed tax revenue, Portugal’s cash-strapped government finalized its brand new online gambling bill into law in June, but the new regime’s taxation demands had been criticized by the industry for being overly complex and punitive. That’s because casino and poker revenue is currently taxed between 15 per cent and 30 percent depending on an operator’s annual income.
Portugal’s decision to permit the state that is former to Read more “European countries in 2015: A Fragmented Regulatory Landscape for on the web Gaming”