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PORTUGUESE PARLIAMENT APPOVES ONLINE GAMBLING LEGALISATION
Portugal's bid to liberalise and regulate its online gambling market moved another important pace forward this week with the news that the national parliament has approved the empowering legislation, which gives the proposed regulator (see previous InfoPowa reports) 180 days to set up shop and frame the regulations and tax and licensing process.
The European Commission's approval of the final legislation is also awaited, but Portuguese sources say this should be a formality.
The new legislation largely does away with the monopoly enjoyed by the national lottery Santa Casa da Misericordia, and observers expect the tax burdens to be significant for operators in the Portuguese market.
There have been predictions that online sports betting operators could face up to 16 percent taxation on GGR, with casino gaming licensees hammered even heavier at up to 30 percent.
The Remote Gaming Association, a European trade body that represents the interests of online gambling operators, has already been critical of proposed Portuguese tax rates, warning that the rates being bruited about would make the market untenable for operators, and that special tax rates for the retained retail sports betting activities of Santa Casa da Misericordia are unfair (see previous InfoPowa reports).
Vikings add veteran free agents Lacey, Jackson
The deals were done on Monday. The Vikings also waived punter T.J. Conley.
Lacey and Jackson were with Detroit last year. Lacey, who played three prior seasons for Indianapolis after going undrafted out of Oklahoma State, has six career interceptions. Jackson was a first-round pick by Seattle in 2008 out of USC who played two years for the Seahawks before leaving for the Lions in 2010. He has 19 1/2 career sacks.
Conley was added to the roster in January but became expendable when the Vikings drafted Jeff Locke out of UCLA in the fifth round on Saturday. Locke could push veteran Chris Kluwe out of the job.
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