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Raising Money for a Stadium

The Polish government hasn’t even passed the newly planned online casino gambling tax legislation and is already looking for creative ways to spend the revenue from taxing the industry. The European gambling market is increasingly become liberalized, even in Eastern Europe. Basically, many governments have come to the conclusion that if you can’t beat ‘em, then you should join ‘em. Poland currently has no regulations in place to address the many online casinos accessing Polish players. Some Polish officials are actively supporting efforts to tax the gambling companies accessing Polish players and use that tax revenue to fund a new football stadium.

Jacek Kapica is the Deputy Minister of Finance in Poland and he has publicly voiced his support for new tax legislation. Other countries that have tried to outright ban the online casinos from accessing players (the U.S.) have encountered very serious obstacles and the result is simply that citizens continue to gamble in a dangerous and unregulated environment. On the other hand, if the newly proposed gambling tax legislation passes, the taxes generated from both land and online casino gambling could fund a new sports stadium for the country, in addition to other social programs and projects designed to help Polish citizens.

The planned tax rate of ten percent on the land and online casinos is considered reasonable and the government does not feel that the ten percent tax would act as a severe deterrent for the gambling companies to continue operating in the Polish gambling market. Kapica is largely spearheading the efforts to pass the new tax legislation – if passed as is the new legislation would remain in effect until 2015, at which time the Polish government would review the legislation.