EU Gaming News: Bulgaria changes tax rate; Denmark release figures | This Week in Gambling - News | Scoop.it
Bulgaria is to change proposed tax rate; Denmark release online gambling figures; PokerStars release poker plans...


Bulgaria’s government are to halve the country’s proposed gambling industry tax rate after realizing that no foreign companies would pay the 15 percent of stakes originally proposed. Instead operators will now pay 6 to 8 percent of stakes after a source from the Parliamentary Budget and Finance Committee told Bulgaria on AIR: “No foreign operator would come to Bulgaria, because the taxation would be very high. In practice the tax in Bulgaria is twice bigger that in France or Malta”. A Blacklist will still be in place for firms that don’t have a licence with ISPs facing £8,500 fines if they fail to prevent players using banned sites.


Denmark has published the first set of figures for the country’s regulated online gambling industry with gross gaming revenue (GGR) reaching DKK 470 million in the first quarter. This was made up of DKK 285 million from sports betting and DKK 185 million from online casino and the figures were based on tax paid by firms. It means no actual revenue figures came from the companies themselves and the Danish Gambling Authority themselves admitted the figures are far from completely accurate. Q1 figures were used to reach estimates for the entire year of DKK 1.135 billion for betting and DKK 735 million for online casino meaning a figure for the whole market of DKK 1.87 billion.


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