The House of Representatives in Cyprus decided to lower the betting tax from 25% on all football bets and 10% on horse racing to a flat 10% rate on the net income.Â
The suggestion came from the Ministry of Finance that was worried on the rising of the illeagal betting systems available in the country.
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Monthly Archives November 2007
Cyprus lowers betting tax
Bulgaria could legalize online gambling
As I found reading the Net Bet Blog, a Bulgarian newspaper, Trud, reports on some changes in the gambling regulatory framework, by allowing online gambling - but also significant difference in the tax regime : the suggested change made by the Ministry of Finance - changing the tax on 10% of the total revenue to [...]
European Union Study on Gambling
This is not a new report from the EU, but without any doubt the most important one related to the EU Policy in this domain.
“STUDY OF GAMBLING SERVICES IN THE INTERNAL MARKET OF THE EUROPEAN UNION “ was commissioned by the EUÂ and has a proeminent role on the Gambling page at the Internal Market [...]
Swedish Internet gambling affiliates targeted by Sweden’s Tax Authority
It seems that the Sweden’s tax authority wants to clamp down on online gambling affiliate. Accoriding with a report from Gaming Intelligence Group the Skatteverket - Sweden’s Tax Office has issued “a request for information to the country’s internet infrastructure providers as part of their ongoing investigation of online commerce. Of notable interest to the [...]
Microgaming gets Maltese license for online gaming
Microgaming, the largest software house of gambling online, announces that the Lotteries and Gaming Authority LGA- Malta has issued a license online class IV for its casinos produced by the Lotteries and Gaming Authority LGA- Malta.
The license will bring benefits to partners of software providers who have the desire to work in Europe. In addition, [...]
PartyBets - alliance with Sporting Index on horse race betting
The PartyGaming, leading global online betting, has launched its platform PartyBets.com a full service betting at fixed on horse races through an alliance with Sporting Index. The new service provides a comprehensive coverage of services for all races taking place in Great Britain and Ireland and the major international races, including bets to share initial [...]
PartyGaming makes deal with RTL Interactive
Party Gaming, the world’s leading publicly traded online gaming company agreed the conclusion of an exclusive contract with RTL interactive, a subsidiary of the German TV station RTL Television, which is part of the RTL Group, Europe’s leading entertainment and media network.
Due to the great popularity of poker, RTL in Germany has decided to launch [...]
Svenska Spel one step closer in losing their gambling monopoly
Swedish gambling monopoly Svenska Spel looks much closer in losing their position in the Sweden’s gambling market after the annual conference of the Moderate Party saw a vote in support of a proposal to abolish the current government monopoly and to pursue a course to privatize Svenska Spel.
A formal timetable for the process of de-monoplozation [...]
Bwin wins legal case against German authorities
Bwin won a high stake lawsuit yesterday, 6 November 2007, when the Administrative Court of Appeal for the German state of Hessen decided to overturn a decision of a lower court that prohibited BWIN Interactive Entertainment AG’s German unit BWIN e.k. to offer its onling betting services in the state, taking into consideration the [...]
Antigua vs USA - decision by WTO on 30 November
 Mark Mendel, winning trade attorney for Antigua & Barbuda in their WTO case against the United States - over a protectionist US Internet gambling law passed in late 2006 - said today that he expects a decision on their 3.4 billion USD/per year compensation claim from a WTO panel on 30 November 2007.
USA says thatthey [...]