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Earnings improve for legal bookmakers in Poland

Niji Narayan

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Earnings improve for legal bookmakers in Poland
Image Source: infobit.co
Reading Time: 1 minute

 

The newly amended Gambling Act in Poland proving to be a blessing for the legal bookmakers in Poland. Their revenue has clearly improved. Legal bookmakers had posted record earnings in 2018.

Poland has a high turnover tax of 12 per cent. It also has some restrictive provisions regarding bookmaking advertising. However, none of this hinder the growth of the betting industry. In 2018, the licensed bookmakers in Poland posted a turnover of PLN 5.1 billion. It was PLN 3.3 billion in 2017 and PLN 1.7 billion in 2016.

According to information published by the tax portal of the Ministry of Finance, the revenue from the mutual wagering tax in 2016 amounted to PLN 196.6 million. In 2017, the State Treasury recorded income higher by 210.7 million PLN (407.36 million PLN, an increase of 94 per cent year-on-year). Data for the first three quarters of 2018 indicate another increase in budget revenues—the State Treasury has been credited with the amount of PLN 445 million. The Ministry of Finance has not yet published the results for the last quarter of 2018, but crossing the barrier of PLN 600 million can be assumed. Increasing tax receipts and the growing share of the legal entities in the market are also due to the creation of the Registry of Domains Serving the Offering of Gambling Games in contravention to the Act. This register currently has 5,536 records covering companies that offer unlicensed services in violation of gambling law.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Central Europe

AGO Esports Enters Partnerships with Puma and Wrigley’s Orbit

Niji Narayan

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AGO Esports Enters Partnerships with Puma and Wrigley’s Orbit
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AGO Esports, the Polish-based esports organisation, has announced partnerships with Puma and Wrigley Company’s chewing gum brand Orbit.

Puma is a German athletic apparel company and AGO Esports will debut its new Puma jersey at DreamHack Open in Rio de Janeiro.

Kuba Szumielewicz, CEO of AGO Esports commented on the Orbit partnership: “We feel satisfied that AGO Esports have been selected as one of three Polish organisations by the Orbit brand to spread awareness of the positive influence of chewing sugar-free gums on caring for healthy and clean teeth among esports fans.”

He continued, this time discussing the deal with Puma: “We are proud that a global brand like Puma has [chosen] AGO Esports to enter the esports market in Europe. The assortment and technology used in Puma’s products fully meets the expectations and needs of our organisation.”

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Central Europe

UOKiK Approves Merkur’s Proposal to Acquire Totolotek

Niji Narayan

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UOKiK Approves Merkur’s Proposal to Acquire Totolotek
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The Office of Competition and Consumer Protection (UOKiK) has approved Merkur’s proposal to take control of Totolotek S.A.

Merkur develops and distributes mutual betting software and sports betting products (online and offline).

Totolotek is a licensed mutual betting operator in Poland offering  online services and in land based points, such as sports bets and animal competition bets.

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Central Europe

Totalizator Sportowy launches renewed website

Niji Narayan

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New design for Totalizator Sportowy’s website
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Totalizator Sportowy, the state-owned gambling company in Poland, has launched a new-look website, with improved graphic design and a host of interesting solutions. The website also features important information about the company, job offers, the latest tenders, and information on great prizes.

After more than 60 years of activity on the lottery market, Totalizator Sportowy entered new areas of the gaming market. It started to function fully in the world of new technologies and e-commerce market.

“We are constantly improving the current offer, expanding the sales network, looking for innovative solutions, we care for the safety of the players, we support Polish sport and national culture. Totalizator Sportowy is also a trustworthy and reliable employer, which has interesting proposals for people representing many different specialisations” informs the press office of Totalizator Sportowy.

Totalizator Sportowy constantly improves the current offer, expands the sales network, looks for innovative solutions, cares about the safety of players, with increasing involvement supports Polish sport and national culture, but is also a popular employer that has interesting proposals for people representing many different professions.

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