Europe in 2015: A Fragmented Regulatory Landscape for on the web Gaming

Europe in 2015: A Fragmented Regulatory Landscape for on the web Gaming

European countries was a confusing place to do gambling business in 2015. Gaming regulations in the EU lacked harmony, despite the most readily useful efforts of the European Commission.

Europe faced a boatload of regulatory issues this season. No concern, 2015 was a challenging 12 months for online gaming operators within the EU, as tighter laws from numerous countries created a more and more fragmented regulatory landscape.

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

Meanwhile, the new EU tax on digital services, plus the UK point of consumption tax, squeezed operators’ margins and ushered in a period of consolidation for the gambling industry.

Several countries chose to regulate online gambling and start their markets up to foreign operators, increasing the tax frustration for businesses who wished to engage these new licensed markets.

Hoping to raise some tax that is much-needed, Portugal’s cash-strapped government signed its new online gambling bill into legislation in June, but the new regime’s taxation demands had been criticized by the industry for being overly complex and punitive. That’s because casino and poker revenue is now taxed between 15 percent and 30 percent based on an operator’s yearly income.

Portugal’s decision to allow the state that is former to pay up to 50 percent less income tax than the newly certified operato More →