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Estonia’s Gambling Tax Revenue Falls in February

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Estonia’s Gambling Tax Revenue Falls in February
Estonia’s Gambling Tax Revenue Falls in FebruaryReading Time: 2 minutes

 

Estonia’s gambling tax revenue has fallen one third in the month of February.

Restrictions imposed due to coronavirus are having a significant impact on gambling tax receipts, to the extent they are paralysing activities of activities, including those related to social welfare, financed by the tax and under the auspices of the Ministry of Social Affairs, the ministry says.

“The fall in gambling tax receipts will undoubtedly put great pressure on the ministry to finance agreed projects,” Rait Kuuse, deputy secretary-general for social policy at the social affairs ministry, said.

“Our goal, in cooperation with our partners, is to find an opportunity to continue the agreed activities and, if necessary, to make new decisions together in certain places, if, for example, the implementation of what was agreed proves impossible due to the implemented restrictions. We have asked all partners to review the activities planned for this year and to reevaluate which activities it is reasonable to realize in view of the emergency situation and whether anything can be postponed,” Kuuse added.

Application rounds for small projects currently financed via the gambling tax and which would be difficult to implement as a result of the effects of the coronavirus pandemic and accompanying emergency situation have been suspended.

Gambling tax receipts in February had already fallen by one third; a larger fall is expected through the spring months.

“Payments for the second quarter of 2020 took place in April, according to the agreed payment schedule, and we are working to mitigate the negative effects of the crisis,” Rait Kruuse said.

“As a result it is important for us to decide how to proceed, to negotiate openly with our partners, and to provide adequate information about the situation. In doing so, we are considering all ways to ensure sustainable funding for partners to carry out the necessary activities,” he added.

The Tax and Customs Board (MTA) says that gambling tax receipts were distributed with 45% of the tax coming from lotteries, 34% from slot machines, 5% from casino gaming tables, 4% from toto (a type of lottery-ed,) and 10% from online and other remote gambling.

One percent of gambling tax was collected from tournaments involving games of chance.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Estonia’s Gambling Tax Revenue Falls in February

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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ACR PRO AND AMBASSADOR MEET-UP GAME RETURNS FRIDAY, JANUARY 31ST AT ACR POKER

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Challenge Chris Moneymaker and top ACR Pros at the virtual tables in the ultimate global poker community meet-up

Following the success of last year’s inaugural event, ACR Poker is thrilled to announce the return of its highly-anticipated ACR Pro and Ambassador Meet-Up Game on Friday, January 31st, offering poker fans and players the unique opportunity to connect with ACR Pros and Ambassadors for a fun and interactive experience that unites the global poker community.

The ACR Pro and Ambassador Meet-Up Game kicks off on Friday, January 31st, starting at 12pm PT / 3pm ET, and runs for two hours. Joining the action this year will be ACR Pros and Ambassadors Chris Moneymaker, Chris Moorman, Ebony Kenney, Rene Nezhoda, and others. Players of all levels will have the chance to test their skills against the poker pros at custom cash game tables, featuring a variety of stakes to suit everyone.

“Last year’s ACR Meet-Up Game was awesome, we had a lot of people from the stream coming on and playing with us,” said ACR Pro Chris Moneymaker. “I can’t wait to dive in again on January 31st, it’s a great way to bring the poker community together and connect with fans of ACR Poker.”

Playing alongside the poker pros is easy. On the day of the event, players can visit the social media pages of any ACR Pro or Ambassador to find passwords for the “ACR Pro and Ambassador” cash game tables in the ACR Poker client.

For those looking to battle it out against the pros, watch the action unfold or potentially win prizes, players can tune in to catch all the excitement online on ACR Poker’s Twitch channel, featuring commentary from Justin Kelly and other special poker guests.

For a recap of last year’s event and to learn more about January’s ACR Pro and Ambassador Meet-Up Game, visit the ACR Poker blog.

The post ACR PRO AND AMBASSADOR MEET-UP GAME RETURNS FRIDAY, JANUARY 31ST AT ACR POKER appeared first on European Gaming Industry News.

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IGT Modernizes Central Lottery System for LOTTO Thüringen in Germany via Seven-Year Contract Extension

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International Game Technology PLC  announced that its subsidiary, IGT Global Services Limited, has signed a seven-year contract with the Thuringian State Lottery (“LOTTO Thüringen”) in Germany to deploy its retail central system technology, Aurora™, and related software upgrades. The contract term will begin upon go-live of the new platform, planned for March 2026.

An integral part of OMNIA™, IGT’s player-centric, omnichannel solution for lotteries, Aurora helps drive lottery innovation and profitability. The platform will provide intuitive, user-friendly applications, tools and reporting capabilities which will handle all of LOTTO Thüringen’s transaction processing, game management and back-office operations.

“LOTTO Thüringen has relied on IGT’s versatile and strong-performing central system technology throughout the course of our decades-long relationship,” said Jochen Staschewski, LOTTO Thüringen Chief Executive Officer. “Upgrading our central retail system to IGT’s advanced platform and back-end software will enable us to streamline our business processes and continue operating with the highest levels of efficiency.”

“IGT’s retail central system incorporates a suite of flexible solutions designed to help manage, transform and further grow LOTTO Thüringen’s business,” said Jay Gendron, IGT Chief Operating Officer, Global Lottery. “With this long-term contract extension, LOTTO Thüringen is well-positioned to continue benefiting from IGT’s secure, responsible and modernized technology and software. Leveraging these best-in-class solutions will aid in the Lottery’s goals of supporting good causes throughout the state.”

The post IGT Modernizes Central Lottery System for LOTTO Thüringen in Germany via Seven-Year Contract Extension appeared first on European Gaming Industry News.

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Prepare to be Amazed in Mythical Legends Carnival, a Mythic Video Slot!

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The new title from leading Spanish e-Gaming provider MGA Games is an innovative game with a truly original theme: a journey through carnival festivities filled with legendary creatures. Its design combines the excitement of street parties with the richness of mythological creatures from around the world, providing a totally unique experience.

This new casino slot features 25 paylines, with winning combinations paid from left to right. By landing 3 or more Scatter symbols, players gain access to the Free Spins screen, which includes an innovative prize system. Players can enjoy an accumulator feature and a final Super Respin spin that awards the accumulated winnings. It also includes Money and Collect symbols, which when combined offer an additional bonus prize.

Global Audience
By showcasing mythologies from all over the world, the game is set to appeal to a global audience, enhancing its market potential and attracting players from various countries. Its visual and auditory elements, featuring vibrant graphics and immersive music, will captivate players and deliver a fully immersive experience in a fantastic world.

In this new release, every spin of the reels will surprise players with its themed symbols. As if that weren’t enough, the game features an optional Buy Free Spins button, speeding up the path to big rewards. Mythical Legends Carnival will be available in all of Spain’s best online casinos starting February 3rd and across .com markets from January 27th.

The post Prepare to be Amazed in Mythical Legends Carnival, a Mythic Video Slot! appeared first on European Gaming Industry News.

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