European countries was a confusing place to do gambling company in 2015. Gaming regulations in the EU lacked harmony, despite the most useful efforts of the European Commission.
Europe faced a boatload of regulatory issues this year. 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 landscape that is regulatory.
From taxation levels to player pools, Europe continues to be an unharmonious online gaming space.
Meanwhile, the EU that are new 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 hassle for companies who wished to build relationships 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 happens to be 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 spend as much as 50 percent less incomeContinue reading