News From Online Casino Market In UK And Greece

14 January 2013 – By Huseyin Yilmaz

150€ Bonus from 888 Casino!
The most recommended
888 online casino on Internet

http://www.888.com

Online gambling regulation news from the United Kingdom is related to the new online gambling regulation proposed. Online casino players from the country have read the news that new online gambling regulations in the UK will come into effect from December 2014. Through these new measures, the point of sale will require offshore online gambling operators to procure secondary licenses and pay taxes in the UK for revenues generated in the country. The rate of tax is as yet uncertain and the discussion will also cover the subject on the possibility that UK operators will not have to pay online gambling tax on revenues generated overseas.

In the UK, the gambling tax rate is currently at 15% of gross profits. The whole online casino gambling industry puts pressure on the government to substantially lower the current tax rate. Deloittes, an independent professional services provider, has been hired by William Hill to assess the repercussions of this tax rate and the report stated that it would be counter-productive and would lead the further flight of business from the country. Much work yet needs to be done and the Treasury states that it is closely working with both the online casino industry and government.

The news from Greece concerns increased opposition to the Greek government’s proposed regulatory mechanism. Therefore, the Remote Gambling Association (RGA) has written to the Greek President, Prime Minister and Minister of Finance, on behalf of the online gambling industry. In this open letter, the RGA indicates that legal action may be initiated unless the government amends the proposed regulatory framework to make it compliant with EU and Greek law. With the current proposition, the Greek government intends to continue with the monopolistic situation by providing exclusive online gambling rights to OPAP. The government already begun to take action against private operators, including ISP blocking of their online casino sites and payments blocking.

The RGA intends to fill a petition in Greece against OPAP and bring their actions before the Greek Courts and fill a competition law complaint to the European Commission. The online casino operators are already considering challenging the Greek government in the courts.

Latest Casino News

Two years and going strong! The summit of igaming in Malta has gained a lot of traction since it kicked off in 2014, with big gaming operators joining  more...
Blackjack bonuses can be very advantageous to you, if you take the time to seek around and look for them.  more...
Getting some extra money to use for video poker will let you to try out some of new games and increase your winning possibilities.  more...
This is a great time for you to do some hunting around to see what bonuses the online casinos offer during the upcoming Christmas season.  more...
Christmas time is a great time of the year for getting some amazing bonuses and increase of your chances of winning.  more...
Microgaming has just released a new racing themed online casino game that will surely please all the players in need for speed  more...
Online gambling developer Microgaming is getting ready for Christmas time with a new themed game and great jackpots  more...
The online gambling giant 888 Casinos has just released several exciting new and special offers for their passionate online casino players  more...
Casino bonus whoring is applied to players who goes from site to site using up all the bonuses they are allowed then move onto the next casino.  more...
Online casinos have lower operating costs and they offer extremely lucrative and rewarding bonuses to entice you to become a member with them.  more...
            
Newsletter Subscribe
Register to our newsletter and receive casino news and bonuses!
Name:
E-mail:
Mansion Casino
Our Certificates
      
       
//http://blockadblock.com/blockadblock_basic_script.php