Online Sportsbetting Operator Reacts To Regulatory Changes In Poland

Pinnacle set to exit in April, when the new Gambling Act in Poland is implemented

High tax costs and a monopolistic state-owned competition have apparently persuaded tier one online sports betting operator Pinnacle to announce that it is to exit the Polish market with effect from April 1 this year…the date on which Poland's contentious new Gambling Act is implemented.
The Act calls for a prohibitive tax rate of 12 percent based on turnover, and gives game range advantages to the state-owned Totalizator Sportowy, unless the European Commission steps in with a last-minute objection.
The legislation also carries punitive enforcement provisions that include heavy fines, black-listing and ISP-and-financial transaction blocking.
Market scuttlebutt is that Pinnacle is hoping to acquire a UK Gambling Commission licence, which would enable it to return to the Northern Ireland and British market that it abandoned two years ago.

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,461
Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

See More Posts