Online gamblers in Romania starting to feel effects of new tax rules

As of March 13, the Kindred Group’s Romanian-licensed Unibet and Vlad Cazino brands were the first online operators to inform their local customers that their deposits would now be subject to the 2% deduction at source. Some math whizzes estimated that the new deposit tax would have a negative impact of 4-6% on Romanian online operators’ gross gaming revenue, which, along with a 3% tax on bonus offers, puts the country’s online gambling tax rate around 25%.
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20th March 2019
CalvinAyre Newsletter
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Romanian online gambling sites now imposing new 2% deposit tax
Tax on greed

The Story

As of March 13, the Kindred Group’s Romanian-licensed Unibet and Vlad Cazino brands were the first online operators to inform their local customers that their deposits would now be subject to the 2% deduction at source. Some math whizzes estimated that the new deposit tax would have a negative impact of 4-6% on Romanian online operators’ gross gaming revenue, which, along with a 3% tax on bonus offers, puts the country’s online gambling tax rate around 25%.

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Featured Video
ASEAN Gaming Summit 2019 Day 1

ASEAN Gaming Summit 2019 Day 1

CalvinAyre.com’s Stephanie Tower brings the day 1 highlights of the ASEAN Gaming Summit in Manila, where players from the online gambling and land-based casino sectors gather to discuss the growing Asia gaming market.

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Rafi’s Markets
Time to sell crony Nagacorp

Time to sell crony Nagacorp

While Nagacorp’s risk has been diversified thanks to its opening up business in Russia, in many other ways risks have increased significantly in its main Cambodian market, according to CalvinAyre.com’s Rafi Farber.

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From CoinGeek.com
Swiss online retail giant now accepting cryptos

Swiss online retail giant now accepting cryptos

Digitec Galaus has enabled cryptocurrency payments, including Bitcoin SV, through its platforms. Customers will now be able to pay for transactions over $200 in crypto, in addition to a range of other payment methods.

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GLOBAL ROUND UP
Asia
CONFERENCES
Future opportunities and risks of gambling
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CASINO
Joey Lim out as Donaco CEO
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Europe
BUSINESS
Finland’s Paf celebrates reduced reliance on high-roller revenue
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BUSINESS
Intralot, Intracom discuss merger rumors
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North America
CASINO
Caesars, Eldorado getting serious about casino marriage?
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Iowa making progress on sports gambling bill
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PRESS RELEASE

Red Tiger goes live with Danske Spil

The deal will see Red Tiger’s entire portfolio, including popular games Lucky Wizard and Dragon’s Luck, go live in the regulated Danish market.

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SHOUT OUT
Congratulations are in order for Terry Fleischer and Bill Brynes! Fleischer banked the $184,376 first prize at the 2019 Wynn Classic, while Brynes defeated 444 entrants at the Hollywood Casino in St. Louis and took home $148,587.
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