..

EU Launches Probe Into Denmark Tax

Written by:
Guest
Published on:
Dec/14/2010
EU

BRUSSELS -(Dow Jones)- The European Commission launched a formal investigation Tuesday into whether Denmark's low tax regime for online gambling sites gives them an unfair advantage over bricks and mortar casinos.

Denmark is opening up its gambling markets by granting licenses for Internet casino games. It is planning to set a flat tax of 20% on online gross gambling revenue, compared with up to 75% for land-based casinos and gaming halls.

The commission has doubts at this stage whether the different treatment entails an unjustified competitive advantage for online casinos, it said in a statement. It has received two complaints alleging the planned measure violates EU rules, it added.

-By Carolyn Henson, Dow Jones Newswires; +32 2 741 1 480; carolyn.henson@ dowjones.com 

Gambling News

Bet on When Baffert's NYRA Ban Will End

Bet When Baffert's NYRA Ban Ends

Bob Baffert's ban end is favored to happen before July 1.

New York Suspends Linda Rice From Training for 3 years

New York Suspends Linda Rice From Training for 3 years

Plus Bob Baffert and Medina Spirit banned from Belmont Stakes after Medina Spirit tested positive for an illegal amount of the steroid betamethasone in a post-Kentucky Derby screening.

The New NFL Stock Market

The New NFL Stock Market

Online gambling companies are always looking for new ways to bet and we have seen the introduction of some interesting games. The son of the Paddy Power founder is set to launch a virtual sport-based stock market based on the NFL and this news will be met with great anticipation in the United States. 

Anthony Joshua - Tyson Fury Now In Doubt Following Arbitration Ruling

Anthony Joshua - Tyson Fury Now In Doubt Following Arbitration Ruling

The fight between the British boxing champions could be in doubt after an arbitrator in the US ruled that Deontay Wilder is entitled to a third bout against Tyson Fury, and no later than September 15, 2021. Earlier, Fury had said August's match against Anthony Joshua would take place in Saudi Arabia, which could still happen if Wilder accepts money to step aside to not fight Fury.

Sports Betting Beat: Pros and Cons of Expanded Gambling in Florida

Sports Betting Beat: Pros and Cons of Expanded Gambling in Florida

Lawmakers in the state of Florida are pushing for gambling expansion while the powerful Seminoles look to boost their dominance with legalized sports betting in the state.

Syndicate