France and Spain reached an agreement in terms of the European convention for shared online poker liquidity
As reported previously, July 6, 2017, a convention for shared poker liquidity was signed in Rome between European regulated gambling markets (particularly between France, Italy, Spain and Portugal).
July 25, the gambling regulator of France or ARJEL (Autorité de régulation des jeux en ligne) published general conditions of shared online poker liquidity. Since now, operators have a full access to government information regarding European norms of liquidity. In such a manner, ARJEL announced terms and conditions of transaction execution on the online market of Portugal. Italy, France, Portugal and Spain.
July 31, the Spanish gaming regulator DGOJ (Dirección General de Ordenación del Juego) published full information regarding the European convention in French, Portuguese, Italian and Spanish languages. Since last Friday, DGOJ has been monitoring and collecting public information before the resolution was finally adopted. The whole process will finish by October. Thus, Spain, as well as France, has started adopting the said European convention for shared online poker liquidity.
This introduction seems to be a huge step ahead for the international gaming industry. According to the said agreement, each government is going to implement all the regulations stipulated by the document. The agreement will finally enter into force by the end of this year.
Regulators of the European countries agreed upon the fact that shared online poker is beneficial in terms of low taxes, however, low taxation contributes to the development of black market. Market coupling enables European authorities to establish general norms regulating taxation and licensing, as well as corresponding legal and economic matters. D
Due to such changes the whole industry is going to gain a new momentum for its development. Moreover, the recent changes in legislation will contribute to gradual decrease in numbers of illegal online poker resources and significant increase in state budget funding coming from taxation.
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