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Online Casinos Moving to Tazzy

The latest announcement from the Tasmanian government has prompted a huge stir in the worldwide online casino gambling industry. The Tasmanian government announced that this small Australian state is going to actively vie for a piece of the international gambling industry by undercutting the tax regimes in nearly every other licensing jurisdiction in the world. Taxes are a huge concern for the international online casinos and each licensing jurisdiction has the right to set their own tax levels and regulations. The Tasmanian government now announced a plan to charge a rather affordable flat fee to all gambling companies seeking a license rather than a year revenue-based taxation system.

This concept is quite revolutionary in the online casino gambling industry and has yet to be done anywhere else in the world. Only a heartbeat after the announcement that internet gambling companies would be charged a flat fee of $250,000 some of the world’s largest brands announced they were going to consider relocating to Tasmania. Although Tasmania is a small and relatively unassuming island off the coast of South Australia, Tasmania’s new licensing structure is going to cause a huge ripple throughout the worldwide industry. Online

The fee is actually ridiculously low when you look at the long-term big picture of the situation. Online casinos are paying as much as 13 percent and as little as 1.5 percent to license and run their gambling companies out of other licensing jurisdictions, the $250,000 one-time fee is comparatively quite low in comparison to how much money companies spend across a decade in taxes. Additionally, the new influx of online gambling businesses will create a significant boost to the employment rate and opportunities.