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Online gambling will soon be legal in the Netherlands

George Miller

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Legalization of online gambling in the Netherlands – Government budget 2019 counts on tax income from remote gambling

 

Is the outcome of the upcoming plenary session in the Senate already known? Anonymous sources with insider’s knowledge tell us it is. The recently published government budget for 2019 only makes our suspicion stronger: the bills will be passed by the Senate and online gambling will be legal in the Netherlands starting mid 2020.

Remote games of chance in government budget 2019
The government budget 2019 contains information about the budgetary consequences of legalization of online gambling. On just sports betting, the expected tax revenue is 6 million euro for 2020. The government expects to be raking in 12 million each year starting 2021. Tax revenue from other soon to be legal forms of online gambling (e.g. roulette, bingo and poker) are not included in these numbers yet. In the highly unlikely case of the Senate not passing the bill, the government would be missing out on the calculated tax revenue which can turn out problematic for the concerning ministry: budget cuts or lending more from other ministries may be the result. A time-consuming, labor-intensive process, which makes it extra significant that there is tax revenue from online gambling in the government’s budget planning.

 

rijksbegroting2019

Image Source:rijksbegroting.nl

 

Legalization remote games of chance
We saw the first signs of the government legalizing online gambling back in 2016, when EK 33.996 was passed by the House of Representatives. With this bill the market monopoly of land bound gambling providers was breached. The Senate will start plenary treatment for this bill on the 5th of Februari 2019. Bill EK 34.471, which ends the government’s monopoly on offering casino games, will go through plenary treatment in the Senate on the same day.

Benefits of modernizing the gambling law
Modernizing the outdated gambling law offers several advantages: extra tax revenue, effective prevention against addiction and ensuring only fair games are offered to the Dutch public. Online gambling is a growing market in the Netherlands: from 1,5 million players in 2016 to 1,8 million players in 2018. Each year the government is missing out on up to 175 million euro in gambling tax revenue.

Effective date
The effective date for the new gambling law will be 1st of July 2020. The law will commence at a by royal decree determined time. Afterwards, the Gaming Authority will need 6 more months to issue the necessary permits to online gambling operators. After this, online gambling will be legal in the Netherlands.

Taxes
TK 35.031 tells us tax liability for both land-based and remote gambling providers will shift from player to gaming provider. Gaming providers will be obliged to hand pay 29% in tax over their ‘gross game result’ (the difference between the received players’ deposits and paid out players’ prizes). In the current system it’s the player who is taxable for other forms of gambling, like sports betting. However, players weren’t taxed on prizes below 449 euro. By taxing the gaming providers instead of the players, a much bigger revenue stream is targeted. Tax revenue is expected to increase significantly under the new bill. In the new gambling law all remote games of chance are treated equal and will pay the same tax rate. This way, all types of online gambling (casino games, poker, sports betting) are given a fair chance.

 

Source:  Onlinecasinoground.nl

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Slotegrator Signs Partnership with Spadegaming

Niji Narayan

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Slotegrator Signs Partnership with Spadegaming
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Slotegrator has partnered with Asia-based online game developer Spadegaming.

Spadegaming’s full portfolio of stellar slots and fishing games will now be available for integration into online casinos through Slotegrator’s APIgrator protocol. The online slot game provider’s top titles include Fishing War, Heroes, Brothers Kingdom, Magical Lamp, Prosperity Gods, Zeus, Princess Wang and CaiShen 888.

“I am delighted that the partnership with Slotegrator finally goes live. Meeting their very experienced, fresh and goal-oriented team, I am sure that our collaboration would be a great success, fully utilizing our portfolio of more than 100 special themed games. Slotegrator would be a valuable partner in our journey around the globe, we look forward to it,” Dimitrios Malegkos, sales executive at Spadegaming, said.

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Volt City is Live and Ready to Play at Volt Casino

George Miller

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Volt City is Live and Ready to Play at Volt Casino
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Volt Casino are thrilled to announce that Volt City is live and ready to play.

After a long year spent developing the industry’s most exciting gamified rewards programme, Volt City is officially ready for players to enjoy, exclusively at Volt Casino.

Envisioning a post-fossil fuel world, Volt City is the player rewards game of the future, where players can develop their own virtual city, built using Volt Crystals, which are picked up playing their favourite online casino games, from Larry the Leprechaun to Magic Stars 3 and every game in between.

Starting from a complete blackout, Volt City challenges players to restore an entire city, develop districts, upgrade buildings, create the technology and items necessary to see their city progress, whilst seeing to the needs of their citizens through missions and quests from the residents themselves.

In the process of building their Volt City, players can level up and discover Mystery Spots, where great rewards are waiting to be grabbed.

Volt City has garnered great praise from leading affiliates who were treated to an early preview of the new rewards game. Pavlos Sideris, from NoWagering.com, said: “Volt City is a groundbreaking revolution which completely breaks the mould of online casinos.  Player engagement and retention is very often overlooked, but this new and exciting experience not only promises to entertain players in a completely new and novel way, it bridges the gap between iGaming and traditional city-building simulation video games.”

Of the launch, Daphne Xerri, Head of Casino at Volt Casino, said: “Volt Casino is delighted to have Volt City officially available for our casino players to build their city and collect rewards. After an entire year in development, with the team working hard to make Volt City the most innovative, technically advanced gamified rewards programme in the industry, Volt Casino is proud to uncover Volt City. The most engaging online casino rewards programme available to date.”

Get on over to Volt Casino today to try your hand at the industry’s leading online casino rewards game: https://voltcasino.com/

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Gamingtec announces a new stage in their partnership with Pragmatic Play

George Miller

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Gamingtec announces a new stage in their partnership with Pragmatic Play
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Independent software platform provider Gamingtec has announced a new stage in their partnership with Pragmatic Play, a leading content provider of Slots, Live Casino, Bingo and more. Pragmatic Play will integrate its Live Casino games with Gamingtec’s platform. This integration is set to include Roulette, Speed Roulette and Blackjack, exciting new additions to the already existing portfolio of products integrated into Gamingtec’s platform.

Various versions of live roulette inspired by different countries will become available for Gamingtec`s partners when the integration is complete.

Gurkan Atakul, Casino Products Manager at Gamingtec, made the following statement: ‘We have been working with Pragmatic Play for many years and are delighted with their random number generator game quality and performance. Now, we come to a new era in our partnership with Pragmatic Play’s live casino. I believe Pragmatic Play’s live casino will be a great addition to our portfolio and will strengthen our partnership’.

In addition, Sapar Karyagdyyev, CEO of Gamingtec said, ‘We are increasing our game portfolio to provide the best solutions for our partners. Live casino games are in high demand, so we signed an agreement with a reliable provider offering its titles’.

Lena Yasir, Vice President at Pragmatic Play, announced, ‘Our live casino is a way to recreate the feeling of a physical casino for players. We are glad to continue cooperating with Gamingtec and appreciate them integrating our latest products into their platform’.

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