European countries was a confusing destination to do gambling business in 2015. Gaming regulations within the EU lacked harmony, despite the best efforts of the European Commission.
Europe faced a boatload of regulatory issues in 2010. No question, 2015 was a challenging 12 months for online gaming operators within the EU, as tighter laws from numerous countries created an ever 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 new EU tax on digital services, and the UK point of consumption tax, squeezed operators’ margins and ushered in an interval of consolidation for the gambling industry.
Several countries opted for to manage online gambling and start 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 signed its brand new online gambling bill into legislation in June, however the brand new regime’s taxation demands had been criticized by the industry to be overly complex and punitive. That’s because poker and casino revenue has become taxed between 15 percent and 30 percent depending on an operator’s annual income.
Portugal’s decision allowing the former state monopoly to spend as much as 50 percent les Continue reading “European countries in 2015: A Fragmented Regulatory Landscape for on the web Gaming”
California guy Rodney Meadows turned a $1,000 lottery win into $10 million, but he isn’t truly the only multimillion-dollar lucky gambler this holiday season.
A California man was especially thankful over the Thanksgiving holiday after he won the California scratcher lottery not once but twice in a day, albeit at very different valuations.
On Monday, November 23, just three days before Us citizens gathered around tables to count their blessings, Rodney Meadows walked into a Modesto, California, convenience store and purchased a few $30 tickets that are scratcher.
After won hit for $1,000, he allow it ride by buying three more tickets.
One of those three reduced to the tune of $10,000,000.
One in Three Million Chance
‘I could not think it,’ Meadows told local KCRA news. ‘I’d to ask the clerk during the store and he stated, ‘You better always check it once more.”
Though it is rather common for scratch-off gamblers to shop for additional tickets after winning a value that is nominal it’s incredibly rare for someone to strike twice with prizes over $1,000.
In reality, it is been 13 years since anyone has one two jackpots in a timespan that is 24-hour more than Meadows’ take.
The manager of the convenience store said it ‘couldn’t have happened up to a guy that is nicer’ and that he felt Meadows was eventually going to win. ‘He plays compulsively everyday,’ Fast Mart Manager Lakhvir Singh stated.