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Portugal issues license to Luckia’s online casino

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Portugal issues license to Luckia’s online casinoReading Time: 1 minute

 

The Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ), Portugal’s gambling regulatory body, has issued a license to Spanish gaming company Luckia to operate online casinos and sports betting facilities. Luckia Gaming Group will operate in the country using the Luckia.pt domain.

The Luckia.pt domain is still under wraps, which kind of reflect the lack of urgency from Luckia. José González Fuentes, the company president, said that Luckia did not have “much ambition in Portugal because it is a modest country,” but the market was nonetheless important due to its “proximity” to Luckia’s Spanish home base.

Fuentes also noted that the tax burden Portugal imposed on its online gambling was “very high,” which would make posting an online gambling profit “not easy.” Portugal taxes online casino and poker revenue at an incremental rate of 15–30 per cent, while sports betting is taxed anywhere from 8 to 16 per cent of wagering turnover.

These taxes are one of the reasons why just eight operators hold all the 15 online licenses in Portugal. Several top-notch companies consider Portugal’s regulated market as not profitable.

Luckia is expanding, as it already obtained a license in Colombia’s regulated online gambling market.

 

Source: CalvinAyre


Source: Latest News on European Gaming Media Network

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Delaware continued it’s strong performance in December

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Delaware continued it's strong performance in DecemberReading Time: 1 minute

 

Delaware shows another strong performance on legalised sports betting in December. An increase in stakes on its online gaming market pushed annual revenue for the sector up 8 per cent year-on-year.

Net proceeds from legal sports betting amounted to $2.2m last month, up from $1.1m in November. This was mainly down to players winning less in December, with the $13.6m.

Delaware Park remains the main source of sports betting income for Delaware, with revenue in December amounting to $1.5m, from handle of $10.8m. Since launching legal sports betting on June 24, Delaware has generated revenue of $8.9m in total, with punters staking $87.0m.

There is good news for Delaware’s struggling online gaming market after a strong performance in December helped push full-year revenue to $2.6m, up by 8 per cent on $2.4m in 2017.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Delaware continued it’s strong performance in December

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Poland to fight against tax crimes

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Poland to fight against tax crimesReading Time: 1 minute

 

A law has been prepared by the Ministry of Justice, which allows effective counteracting organised crime, especially tax crime, illegal circulation of alcohol, cigarettes and electronics or illegal gambling. This is done by the amendment of the Penal Code prepared in the Ministry of Justice.

The new law aimed at criminals who are cheating on taxes, duties or excises.

Revenues from VAT to the state budget in 2017 increased by PLN 30 billion, which is by almost a quarter compared to the previous year. This is more than all year spending on the “Rodzina 500+” programme.

The next action is far-reaching changes in the Penal Fiscal Code. They are necessary because the obsolete law (the Penal Fiscal Code Act has not undergone a deeper amendment for 10 years) means that huge amounts instead of, for example, social purposes go to the pockets of criminals who cheat on taxes, duties or excises.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Poland to fight against tax crimes

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£5,000 cash up for grabs for predicting if Altior wins or loses at Ascot

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£5,000 cash up for grabs for predicting if Altior wins or loses at AscotReading Time: 2 minutes

 

Matchbook, the sponsors of Saturday’s Clarence House Chase at Ascot, are running a competition on Saturday that will give racegoers a chance to win a £5,000 cash prize by predicting whether Altior wins or loses in the Grade 1 contest.

In a competition designed to engage and educate punters about the benefits of betting with an exchange, punters will either chose to receive a blue lanyard (back bet) or a pink lanyard (lay) which will carry a unique number on.

If Altior wins, the “backers” are in for a chance to win; if Altior loses, the “layers” are in for a chance to win. Matchbook will then draw the lucky number and the correct number and correct colour wins the £5,000 cash prize.

The competition will take place on the ground floor of the main grandstand at Ascot racecourse.

Competition details:

  • Upon arrival, promo staff will hand out blue (Back Bets) and pink (Lay bets) Matchbook branded lanyards to racegoers inside the course gates
  • Lanyards will have a clear pocket which will contain a card. Each card will have a unique number (0001-1000 tbc) and details of how they can win a cash prize of £5000. Card will also have details on Matchbook and our social media handles
  • 18+ only
  • To enter, users will have to come to the Matchbook stand with their unique number, enter it, along with their email address on a dedicated screen before the Clarence House Chase(CHC)
  • The competition will be based on the favourite in the Clarence House Chase winning or losing. If the favourite wins, all the people who have registered with blue(back) lanyards are in the draw for the £5k. The pink (layers) will be out as the favourite won. And the opposite if the favourite doesn’t win
  • Matchbook staff will also have lanyards to give out to visitors at the Matchbook stand
  • Once the last race (16:05) is over, all eligible entrants will come to the Matchbook stand for the big draw.

 

Matchbook is a peer-to-peer betting exchange designed for smart bettors who want better value, deeper liquidity and exceptional customer service. We’re not the alternative, we’re the difference.

Matchbook is licensed and regulated by the Alderney Gambling Control Commission and the UK Gambling Commission.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: £5,000 cash up for grabs for predicting if Altior wins or loses at Ascot

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