European countries was a confusing destination to do gambling business in 2015. Gaming regulations in the EU lacked harmony, inspite 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 into the EU, as tighter laws from numerous countries created a more and more fragmented regulatory landscape.
From taxation amounts to player pools, Europe remains an unharmonious online video gaming space.
Meanwhile, the EU that are new on digital services, in addition to the UK point of consumption tax, squeezed operators’ margins and ushered in an interval of consolidation for the gambling industry.
Several countries decided to regulate online gambling and open their markets up to foreign operators, increasing the tax headache for businesses who desired to engage these brand 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, however the brand new regime’s taxation needs had been criticized by the industry to be overly complex and punitive. That’s because poker and casino revenue is now taxed between 15 percent and 30 percent depending on an operator’s yearly income.
Portugal’s decision allowing the state that is former to spend as much as 50 percent less income tax th Continue reading “European countries in 2015: A Fragmented Regulatory Landscape for Online Gaming”