gambling games

New EU Taxes Regulation Threatens Malta Online Gambling Field

Published

6 years ago

December 4, 2017

The development of the gambling industry in Malta is closely monitored by international gambling regulators and it was recently announced that the European Union is planning to introduce a new and more strict tax regime for digital companies in an attempt to provide more reliable regulation to the field. This decision has the potential to change the landscape of the country which provides good conditions for the development of many gambling operators.

As it is known, Malta is famous for its low taxes and this is one of the main reasons why gambling businesses have always been interested in locating their operation there. This is one of the locations in Europe which has on offer a wide variety of gambling offerings across a relatively small physical territory. Maintaining the taxes rates on the lower side has been a common practice on the Mediterranean island, but this beneficial regulation could soon be changed. It was reported by Politico, that there is a new digital taxation scheme on the way, which is going to cover the European Union in its entirety.

According to the discussed regulation, all digital companies would be taxed on their turnover or profits and the amount of taxes they pay in Europe will be inspected. This is a decision which is going to affect giants in the field, to the likings of Apple, Facebook, and Google, but it is also going to have its impact on the online gambling entities which are currently proliferating across the island of Malta and other small countries across Europe. It is a known fact, that online gambling makes for as much as an eighth of the economy of the island and any hit on it could prove to have negative consequences to the gambling field. The European Commission is considered to issue the proposal in the spring of 2018.

Potential Impact on Malta’s Economy

Because of its high dependency on corporate tax revenues, Malta is expected to be seriously affected by any changes related to international taxation regulations, as confirmed in a statement coming from the International Monetary Fund. The leading supporters of the change are France and Germany and the Organization for Economic Cooperation and Development demands that the companies pay more on their local sales. The proposal was strongly rejected by Luxembourg and Ireland as well, and this is a way to postpone the final decision since it has to be taken unanimously among all EU members.

Markus Ferber, Vice Chair of the European Parliament’s Economic and Monetary Affairs Committee, stated that money laundering and tax evasion have been an issue in Malta for quite some time now and the government should prove that it is working towards improving the way the industry works. It could be recalled that Malta was among the pioneers in creating clear regulation for the gambling sector after it became a member of the EU back in 2004.

This resulted in bigger interest towards it and at the moment gambling operators pay some 5 percent corporate tax. In order to maintain its position as a place where online businesses thrive, the authorities have begun a campaign which aims to convince the EU that Malta has a law-abiding online gaming industry.

George Miller

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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gambling games

The Best 11 Bingo Slots Online Products

Published

2 years ago

August 1, 2022

Gaspar Incze

If you like games of chance and luck bingo slots are most definitely for you. With new sites appearing constantly, users have a plethora of options to choose from. Therefore, we have compiled the top online bingo and slots that you can start having fun with. The top 11 slots of online products are given below:

Cyber Bingo
Bingo Fest
Cafe Casino
lv
mBit
Bingo Spirit
Cyber Spins
Ignition
BetUS
Vegas Crest
Lucky Tiger
Shazam

Cyber Bingo

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Bingo Fest

It is the best online tournament organizer. Bingo Fest is the only site that provides free 20 spins on sign-up. It provides 24/7 customer support. There is also 25% cash back on every withdrawal. Furthermore, it provides regular bingo tournaments for its customers.

Cafe Casino

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Slots. Iv

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mBit

As the name shows, it is the best bitcoin bingo site. It welcome bonus is about 5 BTC. Furthermore, its extra interesting feature is that it provides live community chat.

BingoSpirit

This the only location where you can make your own unique bingo cards is on BingoSpirit. You can use any number to create your own unique bingo cards. Therefore, the possibilities are unlimited here.

Cyber spins

There are more than 500 Bingo games available to the players. All the slots that are present here are totally free. It was launched in the year 2020 and it possesses gaming concept software. Furthermore, it offers exceptional daily casino bonus offers, exclusive promotions and competitions, casino points, and bingo points.

Ignition

It is a mobile poker site with a smooth user interface. The poker software of Ignition has a number of features and customization options to enhance your online poker experience. Furthermore, they offer great Bingo slots, which is the highlighting feature here.

BetUS

A variety of well-known Bingo slots from Digital Gaming Solutions are available in the casino department of BetUS. Additionally, it provides fantastic daily bonus offers for casinos, exclusive contests and promotions, and especially bingo slots.

Vegas Crest

Almost every variety of Bingo slots are available at Vegas Crest Casino. It is a wonderful gaming platform for lovers of Bingo slots. Furthermore, it offers two deposit bonuses and free spins upon signing up.

Armenia

Armenian parliament adopts bill on gambling in the first reading

Published

6 years ago

January 19, 2018

George Miller

The Armenia National Assembly voted overwhelmingly to adopt the draft law on making amendments in the law on combating terrorism in the first reading at today’s sitting.

The parliament fully adopted the draft law on making amendments and supplements in the law on the “RA Investigative Committee” and the attached package of draft laws in the second reading with a vote of 85 for and 7 against.

The issue of adopting the draft law on making addendum to the Criminal Code initiated by MPs Karen Avagyan and Hrayr Tovmasyan in the second reading was also put up to voting.

The bill passed overwhelmingly the parliament’s second reading. In a speech ahead of the voting, Tsarukyan faction MP Naira Zohrabyan voiced the faction’s intention to support the bill in the second reading since the proposals submitted by the bloc over the measure had been accepted.

The Armenian parliament also overwhelmingly voted to adopt the draft law on making amendments and supplements in the law on energy and the attached bill package in the first reading.

The draft law on making amendments and supplements in the law on “Games of Chance, Online Games of Chance and Casinos” and the attached package passed the parliament’s first reading, receiving a total of 93 votes in favour.

The National Assembly also fully adopted the law on the Constitutional Court and the attached draft package in the second reading with 87 votes for and 7 against.

Source: panorama.am

EEG iGaming Directory

Play’n Go launches Mystery Joker 6000

Published

6 years ago

December 22, 2017

George Miller

Omni-channel slots specialist Play’n Go has reinvigorated the much-loved fruit slot in its latest title Mystery Joker 6000.

The three-wheel, five-payline game delivers the same classical symbols known to slots fans, with the introduction of the Joker symbol which triggers free spins and big wins on finding it.

When players land a Joker on a payline that runs across reels one and two, the third will re-spin while the rest are held, and if a third Joker is found, the innovative mystery wheel feature is triggered, potentially paying out up to 6000 times the current coin value.

Mystery Joker 6000 allows players to transfer winnings from the main game into the super meter mode, where bets cost double but wins even bigger, and with the mystery wheel even easier to find.

Landing three jokers randomly across the reels in the base game will pay out randomly up to 6000 times the coin value, with three on the one payline automatically awarding the full 6000 times to the player.

Significantly, super meter mode offers an RTP of over 100%, hugely attractive to players looking for consistent wins, and unique for what appears to be a traditional fruit slot.

Johan Törnqvist, chief executive officer of Play’n Go, said: “The traditional fruit slot has been a mainstay of the casino space for decades with players loving its simplicity and regular payouts.

“We’ve decided to add the Play’n Go creative touch to the classic and reinvigorate the genre for today’s player, and we’re sure they’ll enjoy Mystery Joker 6000’s much-improved gameplay.

“The Super Meter mode will offer players constant choice between big wins or potentially even greater ones should they feel lucky, particularly as the Mystery Wheel will come into play when finding just two Jokers.”

Mystery Joker 6000 marks Play’n Go’s final release of an award-winning year, which has seen it launch 60 new titles across various genres. It’s set to build on this in 2018, with a product roadmap in place that will see even more innovative and enjoyable slot releases.