Connect with us
Wisegaming
List your 728x90 banner here

Latest News

Cross Party Committee calls for Betting Tax Reforms

Published

on

 

Poland’s Ministry of Finance is under pressure from Members of Parliament to review how gambling tax is structured in the country. A cross-party committee has expressed concern over the current legislation and is looking to rekindle the licensed bookmaking sector of the economy. They want to see more income generated but believe the current taxation system is repressing growth in the industry.

The cross-party committee is compiled of members of Sejm. Sejm is the lower house of the national legislature of Poland. The committee represents Polish consumers and entrepreneurship. It has submitted a proposal calling on the Ministry of Finance to “abandon the 12% turnover tax applied to sports betting”.

The committee wants the country to adopt the tax system favoured by most EU member states. The standard system applied across the EU to tax gambling services is based on Gross Gambling Revenue (GGR). Poland’s current system is on total turnover.

The European Betting and Gambling Association are supportive of the move, and in a statement on their website, Martin Haijer, Secretary-General, said, “EGBA welcomes the ongoing discussions on the future of Poland’s online gambling regulation and supports changes to the tax base for online sports betting. The current turnover tax is punitively high and not conducive to a viable online gambling market that meets the needs and expectations of Polish players. Poland is a large gambling market and has a great love for sports, and a sensible GGR-based tax would be an incentive for virtually all Polish players to play with regulated websites and for more of Europe’s betting companies, including EGBA members, to consider applying for an online sports betting license. These companies would not only support Polish sports through sponsorships and other revenues, but also pay gaming taxes and contribute to a more viable market which is attractive to Polish bettors and offers them a safe and regulated environment to play in.”

Between 2011 and 2016, a liberalised online gambling market operated for betting and online casinos in Poland. However, following the election of Andrzej Duda’s PiS (Law and Justice Party) to Government, the sector was radically overhauled. As a result, the Treasury was sanctioned to implement radical reforms to Poland’s gambling codes. This led to the remodelling of the makeup of the market in 2017. The changes included the imposition of a 12% turnover tax across all the gambling verticals in the sports betting market. As a result, the activities of online casino gaming were restricted and the domain of the state monopoly in the sector, Totalizator Sportowy, was limited.

The changes in the legislation post-2017 required all licensed operators to have a physical presence in Poland and for the companies to log databases of their players with the Ministry of Finance. This led to many international operators, including William Hill, Olympic Entertainment Group, Bwin and bet365, ceasing to operate in Poland.

The Sejm Committee regards these reforms as regressive compared to other European nations and has urged the Ministry to reconsider its tax policies. The Polish sportsbook trade association, called the PIGBRiB, has previously lobbied the Government. The Sejm Committee has recommended that the Government implement the recommendation of taxing sportsbook activities on GGR and not turnover. The advice is to introduce a flat 22% rate of taxation on sportsbook GGR.

Members of the Sejm Committee are drawn from across the political spectrum. Poland is one of only six European nations that tax betting based on turnover, not GGR. The committee members believe that the current regime suppresses the potential tax-earning income of the sector. The EGBA has carried out independent calculations that show Poland’s 12% turnover tax is equivalent to around a 65% GGR tax rate. This means that, by comparison, Poland has one of the highest online sports betting taxes in the EU.

There was also a question by the committee as to whether the size of the market could be accurately calculated, given that the current data is based on taxed income and not gross proceeds.

Latest News

SIS signs landmark 24/7 racing deal with BetConstruct

Published

on

Reading Time: < 1 minute

 

SIS (Sports Information Services), the leading multi-channel supplier of 24/7 live betting services, has signed a deal to integrate its offering onto the platform of leading global provider BetConstruct, starting with its 24/7 Live Racing Content.

The landmark agreement brings high-quality racing content from around the world to BetConstruct’s extensive network, adding significant value for the provider’s operator partners. BetConstruct is a global award-winning technology and services provider for the online and land-based gaming industries and its platform boasts a vast network of global operators.

The deal represents an important step within the stated ambition of SIS to further develop relationships with leading platforms.

Following completion of the integration process, BetConstruct’s partners will gain access to 24/7 Live Racing Content that provides operators with profitable short-form content throughout the day. The content comprises an annual total of over 35,000 horse races and 38,000 greyhound events, taking place at over 170 racecourses across five continents. All racing content is supplied as an end-to-end solution including live streamed pictures, data, commentary, on-screen graphics with betting triggers along with an extensive range of markets and prices.

This delivery of profitable short-form content throughout the day offers a betting event every three minutes, with the BetConstruct agreement further boosting the ever-growing number of leading operators that benefit from SIS’ revenue-boosting services.

Andy Kelly, Commercial Manager (UK & Europe) at SIS, said: “We’ve been extremely open that SIS has a strategic goal of strengthening its partnerships with platforms and distributors. BetConstruct has an excellent global reach that allows for significantly more operators worldwide to have access to the best racing products on the market. It has also been a pleasure working with the BetConstruct team and I am looking forward to a long and successful partnership.”

Continue Reading

Latest News

Kwalee Reaches One Billion Mobile Games Installs Milestone

Published

on

Reading Time: 2 minutes

 

Kwalee, a leading global game developer and publisher, is ecstatic to announce that its mobile app games portfolio has reached the much-anticipated milestone of 1 billion installs. This achievement is a testament to the hard work and dedication of the entire Kwalee team, partners and the support of its loyal players. Kwalee games have been downloaded on every continent – even Antarctica.

Founded in 2011, Kwalee has become the leader of hypercasual mobile game development in the UK, and its success prompted the company to open studios in India, China, and Portugal. It has consistently delivered fun and innovative titles such as Draw it, Teacher Simulator, and Airport Security. Kwalee has over 45 chart-topping games, and with over 200 million installs last year alone, it has accelerated towards the 1 billion install milestone.

Kwalee CEO, David Darling CBE, says, “We’re elated to reach this milestone. As a founder of Kwalee and someone with a long history in the games industry, it’s incredibly rewarding to see us reach this level of success. I’ve always been passionate about creating games that bring joy and entertainment to people, and to have reached one billion installs is a clear indication that we’ve been able to achieve that goal.

We’ve always believed in the potential of mobile games as a medium to connect people from all walks of life. I’m incredibly proud of our team and their work to get us to this point, and I’m excited to still be playing Kwalee games when we hit 2 billion installs.”

First introduced in 2017, Creative Wednesdays was one of the defining innovations that enabled Kwalee to achieve this astronomical success. Team members in all parts of the business are given the freedom to pitch games and share in the profits if they become a success. Every week, in addition to hearing new pitches, the full Kwalee team gathers in person and remotely to share news, trends and play a new game together. This creative culture has helped Kwalee attract top talent, with the team reading tens of thousands of applications a month for its many remote and hybrid vacancies.

In addition to the success of games developed in-house, Kwalee has built a strong community of third-party game developers from around the world. Games such as Rocket Sky, Let’s Be Cops 3D and Build Your Vehicle were all developed by independent studios. They partnered with Kwalee to benefit from industry-leading marketing, monetisation, funding and development guidance from Kwalee’s expert hypercasual and casual teams. Developers are encouraged to sign up to Kwalee’s Publishing Portal to access free coaching and game testing.

Its strong marketing credentials and commitment to collaborate closely with talented game developers have made Kwalee the partner of choice for established and up-and-coming mobile game developers. Over a tenth of its billion installs have come from publishing external developers, with a success rate recognised by industry awards – Kwalee won Publisher of the Year at both the TIGA and Mobile Game Awards in 2022.

On this special occasion, Kwalee thanks its players, developers, and in-house teams who have driven this success. The company is thrilled to continue growing and expanding its community of players and is looking forward to many more years of successful mobile, PC and console game development.

Continue Reading

Latest News

Slotegrator is presenting innovations and raffling off a free online casino platform at ICE London 2023

Published

on

Reading Time: 2 minutes

 

From 7-9 February 2023, representatives of iGaming companies from all over the world are going to meet at ICE London 2023 – one of the most anticipated events of the year. The Slotegrator team is waiting for everyone at booth N6-250, where we’ll hold a series of meetings and an exciting lottery, where the main prize is a free upgraded turnkey online casino platform.

“This time, we are not only presenting our innovative solutions, including our turnkey online casino platform and Telegram Casino solution — an alternative front-end to the classic gambling platform in the most popular mobile messenger — but we will also raffle them off to ICE 2023 participants. We’re going to hold a lottery with incredible prizes: third place will win a 100% discount on the set-up for integration of providers (except for those providers that require individual set-up); second place will go home with our Telegram Casino solution, and we’ll give first place our unique turnkey online casino platform, absolutely free,” says Dmytro Kryvorchuk, head of sales at Slotegrator.

It’s easy to participate in the lottery – just leave your contacts at Slotegrator’s booth, N6-250, and get the promoter’s number. Also, all the guests will be entertained with an impressive high striker carnival-style game where you can test your strength and delicious snacks – exclusive sushi sets and exotic cocktails.

This year, organizers expect to host over 35,000 attendees and over 650 brands from more than 150 countries. ICE is one of the highlights of the year and one of the industry’s largest platforms for networking and discussion of technology, cutting-edge solutions, and industry news, covering all gambling verticals. ICE is the perfect opportunity for networking and the discussion of technologies, modern solutions, and industry insights covering all gambling verticals.

In 2022, Slotegrator achieved some notable successes: we released updated platform modules that meet all the requirements of online casino operators and sportsbooks, published a new guide for iGaming markets in Asia, had the popular APIgrator solution certified by regulators in Lithuania (opening the door to the Baltic region), and significantly expanded our partner base. The Slotegrator team will talk in detail about all the opportunities and plans we’re looking forward to in 2023 at booth N6-250 very soon. Looking forward to seeing everyone in London soon!

 

ABOUT THE COMPANY

Since 2012, Slotegrator has been one of the iGaming industry’s leading software and business solution providers for online casino and sportsbook operators.

The company’s main focus is software development and support for online casino platforms, as well as the integration of game content and payment systems.

The company works with licensed game developers and offers a vast portfolio of casino content: slots, live casino games, poker, virtual sports, table games, lotteries, casual games, and data feeds for betting.

Slotegrator also provides consulting services in gambling license acquisition and business incorporation.

More information: https://slotegrator.pro/

Continue Reading

Trending

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.