This Week in Gambling - News
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This Week in Gambling - News
This Week in Gambling - News
News for Online Gambling, Land Based Casinos, and Social Gaming
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Latest Gambling News – Is EU Really Planning to Reign in Offshore Online Gambling Sites

Latest Gambling News – Is EU Really Planning to Reign in Offshore Online Gambling Sites | This Week in Gambling - News | Scoop.it
This is the latest gambling news as published June 28, 2012 during the Noon EST hour includes a plan by the EU to crush online gambling businesses...or maybe not.


After years of thumping their chest and demanding that individual nations stop attempting to clamp down on Internet gambling sites operating from such places as Central America and the Caribbean, the European Union appears to have finally thrown in the towel.


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EU Plans Illegal Online Gambling Crackdown, Rules on Legal Sites

EU Plans Illegal Online Gambling Crackdown, Rules on Legal Sites | This Week in Gambling - News | Scoop.it
The European Union will publish an action plan later this year to rein in illegal and “unregulated” online gambling.


The paper will include measures to clamp down “on the many illegal websites, often hosted in offshore havens,” that offer gambling services, Michel Barnier, the EU internal market chief, said in a speech in Brussels today.


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EU Gaming News: Bulgaria changes tax rate; Denmark release figures

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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EU Event Discusses Steps Towards Online Gambling Regulation

EU Event Discusses Steps Towards Online Gambling Regulation | This Week in Gambling - News | Scoop.it
Wednesday, Jun. 27, saw an event take place at the European Parliament in which the European Commission discussed the future regulation of online gambling.


The European Union (EU) Internal Market Commissioner Michel Barnier spoke publicly on the subject for the first time since late last year, and the European Gaming and Betting Association (EGBA) has today expressed its satisfaction with Barnier’s announcement.


The Commissioner discussed two routes of action the Commission is set to take; it will take steps against Member States whose gambling regulation violates EU law by reactivating pending infringements and complaints, and will propose a number of European policy initiatives in September including the development of “a common European base of principles and measures of protection”.


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Las Vegas Sands to unveil EuroVegas site in September

Las Vegas Sands to unveil EuroVegas site in September | This Week in Gambling - News | Scoop.it
MADRID (Reuters) - Las Vegas Sands (LVS.N) will reveal in September which of Spain's two largest cities, Barcelona or Madrid, it will choose for its massive EuroVegas casino and resort project, the U.S. company's chief operating officer said on Tuesday.


Spain's two rival cities are vying for a planned 12-hotel, six-casino complex that could create a quarter of a million jobs in the country where unemployment tops 24 percent.


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News from around Europe

News from around Europe | This Week in Gambling - News | Scoop.it

Malta’s Lotteries and Gaming Authority has signed a bilateral memorandum of understanding (MOU) with the Alcohol and Gaming Commission of Ontario (AGCO). It allows the two sides to exchange information on eligibility assessments of licence applicants and will be of great help to AGCO ahead of the opening of Ontario’s online gaming industry market this year. The industry’s latest MOU will give the sides the chance to work together on compliance and regulatory assurance activities in relation to gaming. It’s the second such partnership that the AGCO has entered after a similar deal was hammered out between themselves and the Alderney Gambling Control Commission.

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