Due to regulatory changes

Online sports betting operator exits Poland

2017-02-22
Reading time 30 seg
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.

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Condiciones de uso and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR