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2 million). For The Cordish Companies, they are in the process of opening land-based casinos in Philadelphia and Pittsburgh.Read a statement from Segev…“The award of these licences is great news for GVC Holdings, bringing the clarity and certainty that we have long sought for sportsbetting in Germany....
The source explained that such firms will now be obliged to pay a 5% tax on turnover rather than the previous 2% duty on revenues with state-determined exchange rates utilized to calculate the local equivalent of any amount owed in a foreign currency. The much-anticipated regulation of online gaming in Germany re-enforces our position as the most globally regulated and responsible operator in our industry. The source explained that such firms will now be obliged to pay a 5% tax on turnover rather than the previous 2% duty on revenues with state-determined exchange rates utilized to calculate the local equivalent of any amount owed in a foreign currency....
Read a statement from Segev…“The award of these licences is great news for GVC Holdings, bringing the clarity and certainty that we have long sought for sportsbetting in Germany.According to a report from Inside Asian Gaming, the Isle of Man-based company detailed that the rise comes after the government of President Rodrigo Duterte passed legislation last month that is to more than double the domestic tax rate for online gambling operators holding a Philippine Offshore Gaming Operator (POGO) license.NetEnt Vice President Commercial, Americas Brian Kraft commented on the new launch by stating: “PlayLive! will be a major contender in Pennsylvania’s online market and we’re proud to be supporting The Cordish Companies with this new venture....
Coronavirus consequences:Affinity Group Limited offers a wide range of services that run from company formation and administration to the provision of tax efficiency and regulation compliance solutions and reportedly stated that the new regime is all part of an effort by the government of the Philippines to bring in at least 6.com have furthermore just been licensed to begin offering their services to punters in Germany.Further frustration:Alex Gardner from Affinislots garden mobile fhykty Group Limited reportedly declared that only 32 of the 60 iGaming firms holding a POGO license have so far been allowed to revive operations post-lockdown although under the confines of a highly controversial directive that has imposed a 30% capacity limit on employees in their Philippines offices....
