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Review of Betting Tax in Ireland by Department of Finance

The Irish Government Department of Finance Publishes Details of Proposed Review of the Irish Betting Tax Regime

Review of Betting Tax in Ireland by Department of FinanceA betting tax review is being looked at, and acted on by the Irish Government Department of Finance after the commitment by Oireachtas, Minister of State, Eoghan Murphy discussed and included it in the Finance Bill 2016. The proposed steps are part of the Tax Strategy Group 2017.

The review will mainly focus on the betting tax regime of 2015. It will also focus on what type of impact it will have with a rate increase of betting duty on Exchequer revenues.  It will also cover the bookmaker industry, and not just sections of the sector, but as a whole including trades in the market and the remote (online) sector.

Submissions are invited on several aspects of the current tax system. Specifically welcomed submissions include the appropriative levels of the equivalent and betting taxes on betting exchange commissions, is the current turnover tax model approached differently with betting exchanges at the same time in the industry and what would the impact have if there was a tax that would tax the punter instead of the bookmaker?

So many questions and ideas that the Irish Government Department of Finance is encouraging submissions before they finalize the review.

 

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Play NetEnt’s Jazzy New Feline Featured Slot, Copy Cats™

Netent Launches New Copy Cats™ Featuring Free Spins, Bonus Symbols, and a New Copy Cats Feature

Play NetEnt's Jazzy New Feline Featured Slot, Copy Cats™It’s finally here! Copy Cats™ slot is finally live and accessible across Net Entertainment’s platform including mobile and desktop channels. NetEnt teased us last month with a preview of the Feline-themed game. The 5-reel, 25 payline video slot offers free spins, wild substitutions, bonus symbols, stacked wilds and a Copy Cats feature that is backed by the clowder of city roaming felines.

“The release of Copy Cats purrfectly demonstrates the versatility and breadth of appeal offered by the NetEnt games portfolio. The title is full of features, vibrant animations and an easy-listening soundtrack that we’re sure will leave players feline good. It’s certain to be a kitty classic,” Simon Hammon, chief product officer of NetEnt, commented.

There are multiple features to trigger including the Copy Cats feature that can be activated when you spin a full stack of purple, red or blue cats on the first reel. When this is triggered all cat symbols on the other four reels will turn into the same colored cat as is seen on reel one. This then causes new payouts to be formed with the additional cats in play on the screen.

Copy Cats™ also features some of the best high-quality animations accompanied by a jazzy soundtrack and richly vibrant colors.

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Looks Like Trouble for Paysafe Group Plc in Turkey

May 23, 2017 · Filed Under Gambler's Report, Online Gambling News 

Turkey Implements Strict Laws Governing its Payment Processing Industry with Severe Penalties

Recent reports confirm there is trouble for the Paysafe Group Plc in Turkey. With Turkey’s new strict laws governing the industry’s payment processing, there will be severe penalties and punishment for non-compliance. The strict penalties include three to five years of imprisonment.

The Paysafe Group has filed a grievance regarding the regulatory laws saying it only operators and a minimal in the country and that they focus only on servicing video game operators who utilize their products via a “Limited Network Exemption”, but is this true? There have been around 38 online gambling websites discovered that advertise the payment processors products including Ukash, NETeller, Skrill and the Paysafe Card.

Now, if you remember sometime two years ago that Paysafe claimed and reported to have shut Ukash down? This isn’t true, there have been confirmations of the company offering its Ukash product with Turkish players and online gambling operators.

Turkey is strict and serious with their enforcements of online gambling laws and regulations. Government officials along with gaming authorities are seeking out the leaders and head of operations in the UK that continue to target Turkish players. The penalties and consequences aren’t worth the trouble in the region.

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Malta Gaming Authority Suspends Yet Another Remote Gaming License

May 23, 2017 · Filed Under Gambler's Report, Online Gambling News 

Sunderlands Online Limited Receives Suspension from Malta Gaming Authority

The Malta Gaming Authority suspended yet another remote gaming license this week. The latest suspension belongs to Sunderland’s Online Limited, license MGA/CL/101/2000. The MGA ruled an indefinite suspension as of May 19th for the operator demanding all new player registrations be stopped as well as suspending all transactions on all websites owned under the license this includes all deposits and withdrawals of winnings for player accounts.

The MGA has declined any further comments about the investigation to avoid compromising the review of the operator. The Authority has also ordered the operator to submit all requested documentation and data in a timely manner so the investigation can be completed.

The gaming authority has released a statement telling players who seem to have a balance and outstanding payments that are due to them to regarding all websites owned under the mentioned license to email them with the following information- Name and Surname, Date of Birth, Registered Address, Telephone Number, Copy of Passport or ID Card, Description of Product; meaning if it’s a casino or sportsbook, User Name of the website and to take a Screenshot of their Balance or Cash Outs that are pending.

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Benvenuto Yggdrasil, After Brand Integration with GVC Gioco Digitale

Following Successful Integration with GVC Holding’s Gioco Digitale brand, Yggdrasil Gaming Makes Debut in Italy

 Benvenuto Yggdrasil, After Brand Integration with GVC Gioco DigitaleYggdrasil announced their entrance into the Italian market in January after partnering with GVC Holdings’ Italian-facing gaming brands. The gaming provider is pleased to announce more good news as the companies slots are now live in Italy for the first time. The games were launched successfully across GVC Holding’s Gioco Digitale brand.

Yggdrasil released 11 games from their platform, all HTML5 titles that have been certified under Italian regulations. Of the 11 games released, they have included their popular HTML 5 titles certified under Italian regulations, which include Biclceta, Incinerator, Dark Joker Rizes, Vikings Go Wild, and Nirvana.

CEO of Yggdrasil Gaming, Fredrik Elmqvist said,

“This is a very special moment as the Italian market has seen a significant increase in mobile gaming in recent years. Yggdrasil can boast one of the best mobile game interfaces in the industry, so we are excited to see how customers react to our titles. The integration has been smooth and together with GVC we are now working to get Yggdrasil games on bwin.it up in the near future.”

Liron Snir, Chief Product Officer for GVC Holdings added to the comments saying,

“We are thrilled to be the first operator to bring Yggdrasil games to the Italian market. It has been a pleasure to work with the Yggdrasil team throughout what has been a straightforward integration process, and we look forward to seeing how these fantastic titles perform.”

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Take PlaynGo’s New Multifruit 81 for a Test Spin

May 22, 2017 · Filed Under Gambler's Report, Online Gambling News, Online Slots, PlaynGo 

Multifruit 81 Set for Release on Play’n Go’s Platform Featuring Wild Multipliers, 81 Pays + 96% Payout

Take PlaynGo's New Multifruit 81 for a Test SpinPlay’n Go is excited to announce the launch of a brand new nostalgic or retro feel slot this week. May 23rd the gaming provider is releasing their latest creation, Multifruit 81 to their games portfolio. The new game is a 4-reel, 81 payline slot that boasts a 96.05% RTP.

The launch will be widespread launching across both mobile and desktop channels. It will offer multiple coin denominations to choose from ranging from 2p up to GBP 100 per spin.

The launch will be across both desktop and mobile delivery channels, playable from as little as 2p to as much as GBP 100 per spin. Play’n Go can pull off the retro feel, more so than other game providers. They implement the modern interpretations while adding bizarre twists and turns which make the games more notable. With that being said, Multifruit 81 features the traditional fruit symbols such as oranges, lemons, cherries, plums, grapes, watermelons, apricots, blueberries, bars, red 7s and of course the joker. The jokers are wild and can deliver up to a 2,520x payout with the wild multiplier feature.

Multifruit 81 is going to be one of those games that are a must-play game! Look for the new retro-themed slot across the Play’n Go platform this week!

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Accusations Against Batista May Slow Gambling Reform in Brazil

Gambling Regulations in Brazil Could be Postponed Due to Corruption Scandals

Gambling regulations in Brazil could take a while to be approved due to corruption scandals taking place. Politicians in the country who have accepted incentives and inducements from Eike Batista, disgraced oil and mining billionaire could be left to looking over their shoulder so to speak after the billionaire offered to provide all the details of illegal bribes taking place to federal lawmakers.

Recent reports show that Batista is under house arrest pending a trial over corruption and money laundering charges and could be in more trouble before the trial is over. Batista was charged with bribing $16.5 million to Rio De Janeiro’s former governor Sergio Cabral. Batista only partnered with offshore companies when transforming the hotel into a casino, but allegations resulted in the political corruption of the transformation.

The results from the accusations, bribes, and trial could see a major slow down or halt with Brazil’s gambling reform law that includes provisions with online gambling. Many spectators are discoursed over the news and of Batista’s actions of giving all the details of his bribes. His actions could be the main reason why reform legislation could be withdrawn with the Chamber of Deputies.

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Si Ling and Super Lion, Two Futuristic Slots from Playtech

May 22, 2017 · Filed Under Gambler's Report, Online Gambling News, Online Slots, Playtech 

Playtech Launches Two New Online Slots Si Ling and Super Lion

Si Ling and Super Lion, Two Futuristic Slots from PlaytechSuper LionPlaytech announced the release of two online slots this week. The new games are titled, Super Lion and Si Ling. Both games boast different themes as well as bonus features and payouts. The first of the two new slot games, are Super Lion, a futuristic game with a basic touch. It offers 10 paylines, futuristic sounds, and colorful and sharp graphics. One interesting feature this game offers are the expanding Super Lion wilds. It’s one of the main attractions of the game along with a jackpot. To trigger the jackpot you must spin green, yellow, red, blue and purple gemstones on an active payline.

Si Ling is a Chinese cultured slot that features 243 ways to win across its 5 reels. The theme is invigorated with animated graphics, lucrative pays, free spins, bonus game and tons of payouts.

Playtech never disappoints! They are always upping their game launching slots that set the bar high for their competition, and always surpass their previous release with bigger payouts, attractive themes, and better bonus features. Look for Super Lion and Si Ling today online at any Playtech powered online casinos such as bet365 or SlotsMillion Casino.

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Philippines Making Strides in the Gambling Industry

May 22, 2017 · Filed Under Gambler's Report, Online Gambling News 

As a clear sign of things changing across the globe for the online gaming industry, one of the most conservative nations in the world, the Philippines, made significant announcements this past week. The first announcement came as the state-run Philippine Amusement and Gaming Corporation (PAGCOR) gambling regulator approved the development of the first land-based casino resort outside of the Manila area.

Philippines Making Strides in the Gambling IndustryUnder the direction of President Rodrigo Duterte, the Udenna Development Corporation has received approval for the development of a full-service casino resort on Mactan Island, just outside the city of Cebu.

The project will be developed along a 30 acre stretch of beachfront property where Udenna plans to build a hotel, conference center, retail complex, and casino. The estimated costs for the project stand at just over $341.0 million. To accentuate Duterte’s desire to bring an economic boost for his people, PAGCOR was also instructed to begin issuing new licenses for the online sports gambling industry. A major reason for Duterte’s newfound support for this industry is to help stamp out illegal wagering activities in favor of regulated gambling options that can bring the Philippines much-needed tax revenues for infrastructure improvements.

While some online casinos have been licensed to operate from the Philippines to the exclusion of Filipino citizens, the new sports gambling license will permit access to any offshore operators that “accepts and/or facilitates wagers on regulated gaming events” such as major professional sports leagues (NBA, NFL, MLB, PSL), horse and dog racing and other events that provide “live event audio and/or visual feeds of such regulated gaming events”. According to a statement released by PAGCOR representatives, “Issuance of this special class of sports betting license shall be limited to offshore gaming operators that are taxed or otherwise contractually required to pay a certain percentage of their gross gaming revenues for rights to live audio and/or visual feeds and/or betting pool access by that governing body or by content rights holders subject to the authority of such [a] governing body.”

Under the regulations set forth for the new sports betting licensee, online bookmakers must submit “express written permission” to provide wagering options from the major sports venues and racetracks to be offered. Additionally, bookmakers will be required to pay a revenue tax of 1.5% on all gambling revenues brought in from any and all events. As the Philippines moves forward to create new revenue sources from the gambling industry, similar changes are taking hold all over the world. In the United States, at least 20 states currently have legislation moving through the state legislatures to address provisions that will allow for online casino gambling.

Currently, Nevada, Pennsylvania, and New Jersey allow residents to wager with licensed online casinos. All of this comes despite rumblings from U.S. Attorney Jeffrey Sessions, who is threatening to shut down all online gaming and sports tipping activities with exception of horse racing. Many legal analysts believe any attempts by Sessions to make such a move would be met with stout resistance from state legislatures. Due to provisions of the “State’s Rights” section of the U.S. Constitution, the Federal Government may not be able to wrestle jurisdiction on this issue away from the states. If you are a sports gambler looking for new and exciting online sports tips, you’ll want to check out some of our links.

From daily sports tips on European football to online sports tips on major sporting events in the U.S., you should be able to find an online bookmaker that suits your wagering needs. With the NFL season starting in just over two months and the NBA playoffs wrapping up, now is the perfect time to sign up for a new account and receive your daily sports tips.

Author Bio: John Hawthorne

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G2E Asia Opening Day, Plus Oulala Presents on Future of DFS

May 20, 2017 · Filed Under Gambler's Report, Online Gambling News 

G2E Asia Shines in the Spotlight on Opening Day

G2E Asia Opening Day, Plus Oulala Presents on Future of DFSOpening day for G2E Asia 2017 was today. The Global Gaming Expo Asia in Macau shined in the spotlight for day one. This marks the 11th year the event has taken place with the opening ceremony attended by the President of the American Gaming Association, Geoff Freeman and the President of Reed Exhibitions Greater China and Korea, Hu Wei.

This year, an opening day has seen a 25% increase with first-time exhibitors on the floor. There’s a long list of notables that was present, more than what was expected. More than 70 companies were included in the attendees with all showing great interest in the online market and exposing their online gaming solution products.

The event is one of the biggest ones in the industry. It hosts seminars, conferences and boasts a strong scheduled program that covers every aspect of the gambling industry. This year it was predicted that it would reach new heights with industry leaders and record high exhibitors, and so far, the predictions have been right, even if it is the first day.

Daily Fantasy Sports Making its Way to Asia – Valery Bollier and Benjamin Carlotti Set to Speak at G2E Asia

The event discloses all of the cutting-edge products, industry trends and upcoming solutions the industry has to offer especially Daily Fantasy Sports. This year, Valery Boiler, CEO of OULALA will be attending to talk about the exponential growth millennials’ in the DFS market for 2020.

In particular, Boiler will speak on how the gaming and sports sector can adapt its offerings along with how evolving regulations in Asia will come into the play in the near future.

Also attending in Oulala’s Benjamin Carlotti, Managing Director. Carlotti will be speaking at the ”Online Casino Trends and Developments” panel (Thursday at 10:20 am). Both Boiler and Carlotti will be hoping to show how the market needs to keep in mind the younger generation (millennials) as the gaming sector is a natural extension of the video gaming industry.

 

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