£300 Deposit Bonus UK
The £300 deposit bonus is about as big a bonus as you'll find on offer by UK online casinos so it's hardly surprising that smart players like yourself want to hunt them down and snatch them up!
Read moreIn the past few years there has been many changes and improvements made to the online gambling industry.
One of the key focus areas have been changes and improvements to gambling regulations in various regions.
Most recently Panama has announced that they will be scrapping gambling tax in an effort to attract more tourists.
Panama is making a few changes and one of the major changes is to the taxation of betting in the country. One of the small victories for many is that the government officials will be abolishing the unpopular 5.5% Income Tax.
With the new rules in place players will be able to cash in on tax free winnings no matter if they choose to take it as chips or cash. According to sources the main reason behind this move is to try and save the drastically fading tourism industry in Panama. There is hope that these new lucrative rules regarding betting will lure in more visitors.
The Panama regulatory body, Junta de Control de Juegos (JCJ), has announced that they would be introducing changes relating to taxation of betting. As mentioned the 5.5% tax which applies to gambling winnings is among the first to be removed by the Ministry of Economy and Finance.
The tax was introduced back in 2015 with its main purpose being to raise revenue in an effort to pay for retirement benefits of Panama Citizens. This was implemented by the previous government and new officials believe that it is negatively affecting the tourist trade.
It is because of this belief that the income tax will be abolished across the board on all aspects of gambling in Panama. This includes all forms of gambling such as bingo, sports betting and playing at the casino tables.
It seems the move to get rid of tax on gambling winnings is a popular one as it has already gained the support of many agencies. The head of the tourist body Autoridad de Turismo de Panama has already backed the plan. According to statistics the tourism industry has collapsed with hotel occupation rates dropping below 45% in the past two years. Another major downfall to the collapsing tourism industry is that there has been approximately 40,000 job losses because of it.
The move to scrap the tax has been a long time coming as the gambling body in Panama, Asociación de Administradores de Juegos de Azar, has been campaigning against it since it was implemented 4 years ago. It is their belief that the implementation of this tax was the reason many local players and international gamblers chose to visit neighbouring countries instead.
The cut of the Income Tax is a big win for players in Panama but operators might want to be careful. The Panama government also recently announced that they are preparing to introduce a new audit system for operators.
They will be using an “interconnected electronic system” to ensure operators are paying the right amount of tax. Government Officials will also be stepping up their monitoring activity to identify all taxable revenue.
Your reviews help other players find the best casino sites and games to play. Please be honest with your feedback and rating. All submitted reviews will be checked by CasinoTopsOnline quality control team. Submissions that do not follow our review guidelines will not be posted.
The £300 deposit bonus is about as big a bonus as you'll find on offer by UK online casinos so it's hardly surprising that smart players like yourself want to hunt them down and snatch them up!
Read moreA £3 minimum deposit casino that UK based players can join is basically an online casino that allows you to deposit as little as £3. There are many benefits of making such a low deposit, such as the fact that you're not parting with a lot of cash in one go and that there are no wagering requirements to worry about.
Read moreGo it alone and you may have little to no luck at all finding online casinos that allow you to deposit just £1. But there are a small number out there! Luckily you're now in the right place to find those few gems without having to sacrifice a large portion of your life.
Read moreBankroll Warriors is our hit casino podcast, offering you a look into the world of the best slot games online at the top casinos around. So get right for lights, camera, and spin! Whether you’re after discovering the best bonuses or just after some suggestions for a new game, our new all-star streamer team has got what you need.
Read moreYou've watched the show, and now you want to play along with the Jon and Drew themselves - read on to find out how to get the best promos to maximise your bankroll with the Bankroll Warriors!
Read moreEurope is a hotbed for casino gaming activity, and there’s little wonder. With locations like Monte Carlo, London and Malta all playing host to exciting casino escapades, it has quite the popular appeal for players. It is also due to this that many online casino slots have become popular in their own right with players from the continent. So, which ones can be considered the five favourites of European casino players? We’ve got a look at each of these and their inbuilt features below.
Read more