Dealmakers in the gambling industry

The government of Britain has stated that henceforth all operators will have to get licenses of operation and even online gambling firms which are located offshore but earn revenues from British residents have to pay taxes. The new “digital tax” is likely to hit revenues of all online gambling firms across Europe quite hard. These small online gambling firms have spent heavily on marketing their games which can be downloaded across smartphones, tablets, and PCs. Bwin, which is desperately looking for buyers due https://www.theaustralian.com.au to losses of $ 8.4 million in 2014 had a breakdown in discussion with several prospective buyers like RisingTideGames and iMesh as new taxes would reduce revenue and cash flow.

Bleak outlook for online gambling operators in Europe

Following rumors of the breakdown in talks of Bwin, its shares fell sharply. This incident and the talks of Amaya planning to buy PokerStars (the world’s largest online poker operator) is compounding the fear of an already jittery industry plagued by rising taxes and licensing regulations. Existing players are not keen to give up as the online gambling industry for casual casino-like games is rising steadily even though some of them do not give out real cash though players need to pay out real cash to play. For large companies well entrenched in social gambling media, this new regulation will provide an opportunity to increase revenue and also provide clarity of operations.

The big bet

In a bid to keep a bailout at bay and ensure the continued flow of aid from the European Union, Greece is looking to ease up regulations on online gambling. This move is expected to bring in annual revenues of around EUR 500 million.

Although the finer details are yet to be revealed, Greece’s Finance Minister, Yanis Varoufakis, has shot off a letter to the Eurogroup. In it, he promises the advisory body that he will open up revenue streams for Greece through online gambling.

Critics and experts, however, deem that the finance minister’s estimate of EUR 500 million is a highly exaggerated one. In the current scenario, reports say, Greece’s online gambling industry generates gross revenues somewhere between EUR 160 – 240 million. Taxing this will bring revenues that are nowhere close to the EUR 500 million marks.

Exit Winamax

In the same week, Winamax, a major online poker platform in France, has decided to end its Italian operations. Online gambling operators in Italy are required to carry a license issued by the AAMS body. Winamax has never possessed the license even though scores of Italians took advantage of a loophole in its registration process to log on and gamble.

However, this March, Winamax issued a notice to all its Italian players informing them that their accounts would be closed. Players were also informed that the lack of supportive legislation had led to the closure of the operation, with immediate effect, but promised that if the rules were to relax, players would be granted access to the platform again.

Celebrating the win in style

The couple celebrated their amazing win at Elgin’s Mansion House Hotel. Neither of them could hide their excitement and all that they could do with the money. For the young couple about to get married and start a new life, it has definitely been a great start. They are still not able to believe that they got so lucky at an online Monopoly millionaire game by National Lottery. Michael’s parents are equally happy and excited for the couple and their big win.

Michael is hoping the excitement does not come in the way of Megan’s nursing exams that is scheduled for a week after they won.

Plans for the future

The couple is relieved that they can now plan their wedding and life as a married couple better, now that they have all this money to plan for their life. They plan to have the wedding they have always wanted instead of settling for something smaller and simpler than they had decided on before the win. They are also planning to buy a house for themselves so that they could move out of his parents’ place after marriage. They plan to hold off any other major decisions till later when they get over all the excitement and are in a better position to make decisions.

The fun and entertainment related to gambling are now directly available at your mobile phone platform, be it Android phone, Windows phone, iPhone, iPad, or BlackBerry phone.

Android phone platforms are among the most popular sources for casino players online. The best among the online casinos have speedily adopted the Android mobile platforms. The Android casinos currently offer a collection of the top casino games along with a safe experience.

• William Hill Mobile Casino with a convenient sign-up process and great customer support offer a huge number of games, 100% deposit bonus for newbies. This is also one of the fastest and safest Android mobile casinos for UK players.

• Sky Vegas featuring the opportunity to play with £10 and no deposit bonus delivers an amazing 200% initial deposit bonus to £1000. Their customer service is great and the mobile casino is equally safe.

All Jackpots Mobile Casino in Germany is a popular platform for the players. Offering an amazing welcome bonus of $£€200 and a 10% cashback facility on all deposits, this is the ideal mobile casino for the players looking to play for fun or for real money. Here you get to play a huge number of casino games including slots games, progressive jackpot games, and slots tournaments. This mobile casino also offers secured payment options like Click2Pay, ecoPayz, Maestro Card, MasterCard, NETeller, Ukash, and UseMyBank. The casino software is designed by Microgaming.

Atlantis Gold giving you a signup bonus of 100% match and free till $1000 also allows 22 spins for free and a second welcome bonus of $150 (22%). There are daily promotions and a splendid collection of casino games to feast on. You can pay through Mastercard, Ukash, Paysafe, Eco, Visa, and Skrill. The currencies supported by the casino are $, £, Euro and the Betsoft software company has given shape to this casino.

Gear up for the best casino mobile games and keep playing for amazing new bonuses and promotions including tournaments.

Online growth

The majority of growth, which happened in the industry actually took place online. Consumers now prefer their smartphones as their medium to gamble, thereby hitting high street operators hard. The pain of the latter is further compounded in the presence of a challenging regulatory environment. It is inclusive of the £50 maximum betting tariff every time on the gaming machines. People who wish to place more than £50 amount have had new restrictions to navigate.

Duties imposed on machine gaming are a high of 25 percent. Purchasing land-centric assets were-and are- always expensive. These factors compelled Gala Coral to merge with Ladbrokes, creating the biggest bookmaker in the United Kingdom. The combined entity has approximately 4,000 betting shops scattered over British high streets. The predicted cost efficiency due to this deal is calculated to be £65 million.

Future is mobile

Paddy Power, the online betting shop, and a known high street gambling entity, published in its 2014 annual report the claim that about 90 percent of the growth in the future will be in mobile space. The logic made it combine with Betfair, the website betting exchange, thereby making the new entity the biggest in the world.