News October 2024
Colombian Senate rejects budget Legislation
Te Colombian Senate's economics committee has rejected the government's proposed 2025 budget, citing concerns over the country's ability to meet anticipated revenue due to lower-than-expected tax collection. Despite a new fiscal reform proposal aimed at
raising an additional 12 trillion pesos (US$2.8bn), lawmakers deemed the government's funding strategies unrealistic. Te proposed tax reforms include the potential imposition of a 19 per cent VAT on online gambling platforms. However, President Petro stated that he would implement the budget by decree if Congress fails to approve it.
Dutch tax hikes lead to uproar Legislation
Gambling operators in the Netherlands are to be hit with a two-tier tax hike with an increase from 30.5 per cent to 34.2 per cent next year with another increase to 37.8 per cent in 2026. Folkert Idsinga, State Secretary for Tax Affairs and the Tax Administration, presented the 2025 Tax Plan to the House of Representatives, stating: “Tis government regards healthy public finances as crucial and will be implementing a number of measures set out in the framework coalition agreement and additional measures to absorb a number of financial setbacks. For example, we will increase the tax on games of chance in two steps, to 34.2 per cent in 2025 and 37.8 per cent in 2026. Tis is the tax that people pay on winnings of more than €449 from a lottery or casino in the Netherlands.” State-owned casino monopolist Holland
Casino had already slammed the tax increase as ‘irresponsible.’ Speaking last month as the operator presented its first half results, CEO Petra de Ruiter said: “Our total tax burden will
Retail sports betting live in Maine Operator News
Caesars Entertainment celebrated the first in- person sports wagering location in the state of Maine at the newly opened sports entertainment venue, Oddfellahs, powered by Caesars Sportsbook. Made possible through Caesars Sportsbook’s
partnership with First Tracks Investments LLC, the new sports bar brings in-person sports betting to the Pine Tree State for the first time. Oddfellahs commemorated its grand opening
in the heart of downtown Portland at 55 Market St. with a ceremonial first bet placed by Portland
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then be almost 50 per cent. Tis means that black figures are not possible. We are going to make a big loss. Unlike supermarkets, we are not able to pass on price increases properly. Te only alternative is that we take very undesirable measures such as aggressive campaigns to attract new guests, encouraging people to spend much more or by significantly reducing the prize money. Tese measures are unacceptable to Holland Casino and irresponsible from the point of view of government policy on gambling. In addition, the planned investments in our prevention policy will also come under pressure. It is crucial for our financial health that there are no further substantial cost increases now. Only then can we avoid ending up in a loss-making situation.” Tree gaming associations, NOGA, VAN
Kansspelen and VNLOK, united to voice their concern. “In view of the phased introduction, the government shows some recognition of the risks of counterproductive effects on gambling policy objectives and the public purse, but does not allay concerns about the continued existence of regulated gambling offerings.”
Mayor Mark Dion alongside representatives from Caesars Sportsbook, First Tracks, the Portland City Council, and the Maine Gambling Control Unit. Oddfellahs offers sports fans 21 and older full
food and beverage service combined with an elevated sports viewing and wagering experience. Full-service sports wagering is available through self-service betting kiosks and a ticket window on-site in addition to convenient cash deposits and withdrawals for Caesars Sportsbook mobile accounts. Modelled after a Vegas-style sportsbook, there are 36 screens to catch sporting events including every game of the NFL season.
Inquiry into illegal gambling in Brazil Legislation
Senator Soraya Tronicke has submitted a request to open a Parliamentary Inquiry Commission (CPI) to investigate illegal gambling, its involvement with other illicit practices, and the harm it causes to the budgets of Brazilian families. Te senator managed to secure the 31 signatures necessary to initiate the CPI. Te Federal Senate and has set a 130-day deadline to complete the work of the Commission, approving a budget of R$110,000. Te group of senators that will compose the sessions consists of 11 full members and seven alternates. In the justification for the request, Tronicke
argued it was essential to investigate possible shortcomings in the regulation of betting and other games that may facilitate money laundering and other illegal activities. With the opening of the CPI, senators will be tasked with deepening the investigations into the companies behind online betting sites, their operational methods, and possible shortcomings in existing legislation, including legal gaps that allow the proliferation of these games.
Sin tax decree approved in Peru Legislation
Peru's Minister of Economy and Finance, José Arista, has announced the approval of a legislative decree to enhance the tax collection on online gambling and sports betting under Law No. 31557. Te new regulations, established by Legislative Decree 1644, has clarified that players will be responsible for paying a Selective Consumption Tax of one per cent. Te tax will be collected by platforms operated by
foreign legal entities at the moment each bet is placed. Te Ministry of Foreign Trade and Tourism (Mincetur) approved the regulations of Law No. 31557 which regulates online gaming and sports betting in October 2023.
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