New Danish Gambling Law Goes Back To European Commission
13 June 2010
Due to complaints from land based gambling companies, the new Danish gambling law is headed back to the European Commission for further review.
The complaint from the land based gambling companies is that the tax provisions of the new law are unfair.
This comes following reports that Danske Spil, the former state online gambling monopoly, would have to abandon it’s online poker b2b deal with the world’s leading listed online gaming company, Party gaming. This follows a complaint from Playtech plc regarding tender procedures. Playtech has stated that they would retender on the deal.
A Danish spokesman for the Danish Tax authorities stated: “The land-based operators say this could be a state aid problem….We don’t agree but to be sure we will notify the European Commission.”
The new Danish law requires that slot machines and casino revenues be taxed at rates between 45 and 75 percent. However, the rates for online gambling would be 20 percent. The operators of the land based casinos say this gives the online operators an unfair advantage.
Denmark has six land based privately owned casinos, and legal slot machines in bars, restaurants and amusement arcades.
One land based casino supporter said: “These online operators have acted illegally in Denmark for many years and now they are getting a big reward for that by paying one-third of the tax that the land-based companies are paying”.
25 March 2010Gaming Lobby Open To Legalized Internet Gambling
The American Gaming Association (AGA) has released in a new policy statement that it is open to the idea of legalized internet gambling as long as the proper regulatory structure was enacted to protect consumers and the integrity of the game. However, while changing its stance on legalized internet gambling, it has still not endorsed any of the bills now before Congress.Internet gambling is estimated to be a $26 billion a year industry.AGA Chief Executive Officer Frqank fahrenkopf Jr.Read full article
27 March 2010The Time To Repeal UIGEA IS Now
With the signing into law of the health care reform legislation, the United States Congress will be free to finally start working on other legislation which has been forced onto back burners for much of the last year. The biggest bill of this group is Barney Frank’s (D-MA) HR 2267, the InternetGambling Regulation, Consumer Protection, and Enforcement Act. As the name implies, this bill would regulate and tax internet gaming, and would protect consumers from racketeering and money laundering.Read full article
10 April 2010Online Gambling Bills To Be Heard Next Week
Rep. Barney Frank’s hard work is about to pay off. His online gambling bills, the Reasonable Prudence in Regulation Act (HR2266) and Internet Gambling Regulation, Consumer Protection and Enforcement Act (HR 2267), are to be heard by the House Committee on Financial Services on April 16. With the provisions of UIGEA set to be enforced starting June 1st, and no more extensions expected, it is a bit of good news for online gambling.Read full article