Romanian gambling operators face a period of tough regulatory adjustment, as the government has approved a significant tax increase on player winnings to be applied by Romania’s Fiscal Code. Ratified by Parliament, from 1 August all licensed Romanian operators (land-based and online) must apply a new ‘withholding tax structure’ on player winnings across all gambling verticals. The government had proposed …
Read More »
Having a physical server in a data center is not “core business”. Now, this is a stance which could be attributed to so many companies offering any sort of online service, but it definitely applies to igaming operators increasingly pressured in so many other key areas. As part of this exclusive interview for SBC, Internet Vikings founder Rickard Vikström spoke …
Read More »
The European Gaming & Betting Association (EGBA) has backed the European Council’s statement urging the incoming EU Commission and Parliament to ‘focus on ensuring the Single Market rules are better implemented and enforced to benefit European consumers’. The EGBA backs the Council’s statement as ‘timely and justified’, stating that as yet the European Union’s ‘Digital Single Market’ has ‘not been sufficiently …
Read More »
The UK government has provided some guidance for Gibraltar-based business stakeholders, with regards to Brexit impacts on the overseas territory. As the UK government negotiates its withdrawal from the European Union, the Gibraltar financial services community (including the gambling sector), will be guaranteed access to UK markets until 2020. Furthermore, UK policymakers will work with the Government of Gibraltar to develop …
Read More »
The European Court of Justice (CJEU) has ruled that the Hungarian requirement to have an offline casino, in order to be sanctioned to offer online casino games, is a “clear violation of EU law.” In a case regarding EU-licensed and regulated operator Sporting Odds, the CJEU had been asked whether the freedom to provide services, under Article 56 of the …
Read More »
The European Court of Justice (CJEU) has rejected a case brought forward from the Belgium Government, to annul European Commission guidelines, relating to consumer protection from online gambling, to member states. Arguing that by issuing the guidelines the Commission had gone beyond its treaty based competences, the CJEU found that they did not interfere with the right of member states to regulate online …
Read More »
The European Court of Justice (CJEU) the European Union’s principal law court has ruled against the Hungarian government’s online gambling licensing framework, stating that the regime had placed unfair business conditions for European operators seeking to enter the market. A formal appeal had been brought to the CJEU by European sports betting operator Kindred Group, who detailed that Hungary’s Gambling …
Read More »
Almost a year ago, the Government of Gibraltar issued a statement following the Brexit vote in which it said that it had been working closely with the remote gambling industry in Gibraltar following that vote and had assured them of its support and vision for the sector in the short, medium and long term. It went on to confirm that …
Read More »
The European Union Court of Justice (CJEU), the EU’s principal law court has ruled against the motion set by The Gibraltar Betting & Gaming Association (GBGA), that the British overseas territory of Gibraltar should be treated as an independent tax jurisdiction. The GBGA had set its EU legal dispute against the UK government relating to ‘Point-of-Consumption (POC)’ taxes introduced in …
Read More »
The EU Court of Justice (CJEU), the principal law court of the European Union economic community will issue its ruling on whether Gibraltar a British overseas territory can be treated as a single party member with regards to its online gambling industry. CJEU officials have this week have started their review of Gibraltar’s online gambling industry, following the UK’s 23 …
Read More »
SBC News Voice of the Sports Betting Industry