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Gibraltar authorities hint changes in new tax model

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Albert Isola, Minister for Financial Services and Gaming of Gibraltar has hinted that after the roll out of the new tax regime, there will be “winners and losers.” He was talking during announcement of the plan to bring about major changes to its licensing and duties.

He announced plans for a new model in this week’s Budget after an extensive consultation period with the industry.

He added that the British Overseas Territory’s gambling industry, which employs almost 3500 people, is “sailing into headwinds” caused by the “uncertainties of Brexit and challenges around EU market access” and also because of “increased industry consolidation.” He warned that the number of B2C licences is likely to reduce this financial year, but “consumer facing B2C and B2B games supply market continue to grow in scale, if not in absolute numbers.”

The new charging model, which replaces the flat rate gambling charges paid by licensees since 2005, will mean “substantially higher” annual licence fees, typically £100,000 for each B2C licence and £85,000 for each B2B licence.

Gambling tax will be paid only by B2Cs on their gross receipts, both gaming receipts and betting receipts, at what Isola describes as the “very low rate” of 0.15 per cent.

He added: “As with any changes in tax modelling, there are ‘winners and losers’. My staff have been assiduous in ensuring those who are likely to pay substantially more have been kept abreast of developments, the reasons for the changes, and how they will impact on them.”

Since the introduction of the Gibraltar Gambling Act in 2005, the tax on fixed odds betting operations and exchanges has been levied at 1 per cent of turnover up to £42.5m of annual turnover with the gaming tax capped at £425,000 per annum, with a minimum annual tax payable of £85,000. Internet casinos gaming tax has been levied at 1 per cent of gaming yield or gross profit with the same caps.

Isola reiterated that the UK has guaranteed Gibraltar licensees continued access to the UK remote gambling market throughout the Brexit transition period and beyond.

He added: “We have made it clear that Brexit provides an opportunity to strengthen our operations with the UK, and our discussions with UK Ministers and officials have demonstrated that the UK does not want to see a shift in the critical mass of remote gambling operators away from Gibraltar.”

Source: iGamingBusiness

Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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18Peaches’ Squid Gold X2 plunges players into a mystical treasure hunt

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Squid Gold X2 by 18Peaches invites players to dive deep into a world of mystery, magic and forgotten riches. Set within a sacred castle filled with ancient relics and hidden chambers, every spin feels like a step deeper into the unknown. The legendary golden squid is said to guard untold fortunes, and only the bravest adventurers will uncover its secrets.

The journey plays out across a 5×5 grid with 50 paylines, where expanding reels can unlock up to 100 paylines for even greater rewards.

With enchanting artifacts, secret rooms, and the electrifying Squid 500 feature, no spin ever feels ordinary. Add in Free Spins, Wild expansions and instant bonus access via Buy Bonus, and Squid Gold X2 becomes a pulse-raising treasure hunt built for thrill-seekers.

“With Squid Gold X2, our goal was to create a journey where every spin feels like a step closer to unlocking a forgotten legend,” says 18Peaches Chief Strategy Officer Arsen Tadevosyan. “We designed mechanics like Squid 500 and the X2 expanding reels to build momentum, each trigger feels like a gate opening, both visually and emotionally. It’s that feeling of chasing something mythical, where every feature builds anticipation and drives you deeper into the experience.”

“When reels expand, paylines double, and the chamber glows with energy, players feel the story unfolding through mechanics. That flow, the rise in tension, the surge of possibility, is what makes Squid Gold X2 such a captivating adventure.”

As with all 18Peaches’ releases, Squid Gold X2 is bursting with features that keep every moment alive. The highlight is the legendary Squid 500 mechanic.

Whenever a Wild lands and expands, it triggers the sacred Golden Gate, unlocking hidden energy within the castle walls. As the gate opens, the power of the golden squid surges through the reels, doubling your paylines and dramatically boosting winning potential.

There’s also our X2 Mechanic. During bonus rounds, when the Golden Gate rises it reveals additional rows, expanding the grid and transforming 50 paylines into a breathtaking 100-line battlefield of rewards.

Squid Gold X2 is the latest addition to 18Peaches’ fast-growing catalogue of hit titles that continue to resonate with modern players. Recent successes such as Leprechaun Jackpot Collector, Monster Load-Up Hold & Win, and the high-adrenaline Hacker Crash Jackpot have firmly established the studio as a creator of distinctive, high-engagement experiences.

As with all 18Peaches titles, Squid Gold X2 is built for effortless market deployment. The platform supports Sweepstakes and Free Rounds via API, enabling operators to easily tailor promotional strategies across diverse regulatory environments.

The post 18Peaches’ Squid Gold X2 plunges players into a mystical treasure hunt appeared first on European Gaming Industry News.

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Booming Games Takes Players Sky-High with Thunder Eagle Hold and Win Extreme 10,000

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Take to the skies and soar like an eagle, then swoop in and grab big wins by spinning the reels of Thunder Eagle Hold and Win Extreme from Booming Games. This action-packed, feature-filled slot is a wild adventure with a chance to win up to 10,000x.

Thunder Eagle Hold and Win Extreme is a 5×3, 25-fixed payline slot. The winning fun takes off when multiplier prize symbols land in the base game for a chance to trigger the Eagle Bonus feature that awards a spin on the Bonus Wheel, which can award Multiplier prize collect, Mini, Minor or Major Prize Pots or even an instant Hold and Win Extreme Bonus.

Hold and Win Extreme features four 3×5 grids and 3 Respins. Land multiplier prize symbols to unlock the other grids. Completing a grid will award a x2 Win Multiplier to all symbols or landing all 60 positions to complete all found grids award the majestic Grand Prize Pot worth 10,000x!

Play Thunder Eagle Hold and Win Extreme and fly to new heights!

Craig Asling, Director at Booming Games, said: “With Thunder Eagle Hold and Win Extreme, we wanted to take our popular Hold and Win format to new heights, both literally and figuratively. This game delivers an exhilarating experience with powerful visuals, immersive gameplay and incredible win potential up to 10,000x. It’s a perfect example of how Booming Games continues to innovate while keeping players fully engaged.”

The post Booming Games Takes Players Sky-High with Thunder Eagle Hold and Win Extreme 10,000 appeared first on European Gaming Industry News.

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Evoplay answers the call of the wild in festive Young Deer Song

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Evoplay, the award-winning game development studio, has launched Young Deer Song, a festive high-volatility slot that takes players deep into a mystical forest where nature’s creatures lead the way to great rewards.

As the moon rises over the treetops, the reels come alive in this Christmas themed title with the fox, owl, raccoon, and wolf, each carrying their own charm and fortune.

The deer, acting as the Wild symbol, prowls across the reels to complete winning combinations, while three or more Scatters trigger free spins beneath the light of the full moon.

The round begins with five spins, where each Extra Spin symbol adds another turn and special icons deliver instant prizes. When six or more bonus symbols appear, players enter a new feature filled with sticky symbols, respins, and jackpot potential.

Once the chase begins, players start with three spins, and each new symbol that lands resets the counter while staying locked in place. Collecting 15 symbols awards the Epic Jackpot, worth 3,000x the bet.

Smaller prizes, Mini (50x), Mega (150x), and Super (500x), can also be won during both this feature and Free Spins, while the Epic reward remains exclusive to the final round.

Packed with engaging mechanics and Evoplay’s signature flair, Young Deer Song showcases the studio’s ability to blend stunning design and dynamic gameplay that keeps players coming back for more.

Ivan Kravchuk, CEO at Evoplay, said: Young Deer Song offers a festive feel, capturing the raw beauty and mystery of the forest, blending familiar mechanics with a vibrant theme that feels fresh and alive.

“It is another great example of how we bring emotion and creativity together in one seamless experience.”

The post Evoplay answers the call of the wild in festive Young Deer Song appeared first on European Gaming Industry News.

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