Europe in 2015: A Fragmented Regulatory Landscape for Online Gaming

Europe in 2015: A Fragmented Regulatory Landscape for Online Gaming

European countries had been a confusing destination to 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 present year. No concern, 2015 was a challenging year for online gaming operators in the EU, as tighter regulations from many countries created an ever more fragmented regulatory landscape.

From taxation levels to player pools, Europe stays an unharmonious online video gaming space.

Meanwhile, the new EU tax on digital services, and the British point of consumption tax, squeezed operators' margins and ushered in an interval of consolidation for the gambling industry.

Several countries decided to go with to regulate online gambling and open up their markets to foreign operators, increasing the tax frustration for organizations who wanted to build relationships these brand new licensed markets.

Hoping to raise some much-needed tax revenue, Portugal's cash-strapped government signed its brand new online gambling bill into legislation in June, but the brand new regime's taxation demands were criticized by the industry if you are overly complex and punitive. That's because poker and casino revenue is now taxed between 15 percent and 30 percent depending on an operator's yearly income.

Portugal's decision to permit the state that is former to spend as much asRead more


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Gala Coral Posts Strong Financials, Combats Ladbrokes Deal Criticism

Gala Coral Posts Strong Financials, Combats Ladbrokes Deal Criticism

Irish businessman Dermot Desmond is against Ladbrokes and Gala Coral unifying, but that stance could change after Gala posted strong 2015 earnings.

The Gala Coral Group announced Monday that its Internet gaming arm is the 'fastest growing in the British online gambling market,' net profits for the division a full 36 per cent higher than the past year.

Earnings before interest, income tax, depreciation, and amortization (EBITDA) for online gambling rose 14 % to £56.2 million ($85 million). 972,000 first-time depositors were additionally acquired during the financial year, Gala Coral saying that led to 'more net revenue than any other detailed peer in both cash and percentage terms.'

Overall, Gala Coral ended up being one percent higher in 2015 than 2014, but taking into account the global World Cup, the business claims it ended up being net 30 per cent ahead.

'The Group's monetary performance into the year that is full strong … despite significant regulatory headwinds, and final year's World Cup,' CEO Carl Leaver commented.

Ladbrokes Owner Goes For Broke

On 24, Ladbrokes shareholders voted in favor of a $3.5 billion merger with Gala Coral november.

At the time, much opposition was voiced from investors in Britain's biggest retail bookmaker who felt the slightly smaller Gala Coral stood to gain more from the alliance.

Irish billionaire Dermot Desmond owns up to three percent of Ladbrokes, and wasRead more


Gala Coral Posts financials that are strong Combats Ladbrokes Deal Criticism

Gala Coral Posts financials that are strong Combats Ladbrokes Deal Criticism

Irish businessman Dermot Desmond is against Ladbrokes and Gala Coral unifying, but that stance could change after Gala posted strong 2015 earnings.

The Gala Coral Group announced Monday that its Internet video gaming arm may be the 'fastest growing in the British online gambling market,' net revenues for the division a full 36 % higher than the previous year.

Earnings before interest, income tax, depreciation, and amortization (EBITDA) for online gambling rose 14 % to £56.2 million ($85 million). 972,000 first-time depositors were also acquired during the fiscal year, Gala Coral stating that led to 'more net revenue than any other listed peer in both cash and percentage terms.'

Overall, Gala Coral ended up being one percent higher in 2015 than 2014, but considering the global World Cup, the business says it had been net 30 percent ahead.

'The Group's economic performance within the complete year had been strong … despite significant regulatory headwinds, and last year's World Cup,' CEO Carl Leaver commented.

Ladbrokes Owner Goes For Broke

On 24, Ladbrokes shareholders voted in favor of a $3.5 billion merger with Gala Coral november.

At that time, much opposition was voiced from investors in Britain's biggest retail bookmaker who felt the slightly smaller Gala Coral stood to achieve more from the alliance.

Irish billionaire Dermot Desmond has upwards of three per cent of Ladbrokes, and waRead more