European countries was a place that is confusing do gambling business in 2015. Gaming regulations within the EU lacked harmony, inspite of the most readily useful efforts of the European Commission.
Europe faced a boatload of regulatory issues this year. No concern, 2015 was a challenging year for online gaming operators into the EU, as tighter laws from many countries created an ever more fragmented regulatory landscape.
From taxation amounts to player pools, Europe continues to be an unharmonious gaming space that is online.
Meanwhile, the EU that are new on digital services, plus the British point of consumption tax, squeezed operators’ margins and ushered in an interval of consolidation for the gambling industry.
Several countries chose to manage online gambling and open their markets up to foreign operators, increasing the tax frustration for organizations who wished to engage with these brand new licensed markets.
Hoping to raise some much-needed tax income, Portugal’s cash-strapped government finalized its new online gambling bill into legislation in June, but the new regime’s taxation demands had been criticized by the industry to be overly complex and punitive. That’s because poker and casino revenue is currently taxed between 15 percent and 30 percent depending on an operator’s annual income.
Portugal’s decision to allow the state that is former to spend as much as 50 percent le