NetEnt launches Narcos
The big summer release of 2019 has to be Narcos from NetEnt, one of the leading software providers in the online casino industry. This game has capitalised on the popularity of the Netflix series of the same name and you can spin and win big with this Pablo Escobar themed slot game and make the most of some great hidden treasures, you might even find Pablo Escobar’s millions. The slot machine has a 96,23 % RTP which is good for players and means your chances of winning are reasonable.
The game has a setup of 5 reels and 3-rows and its main features are Locked-up, Drive- by, Walking Wilds and Free Spins. But be warned, getting your hands on Pablo’s fortune is not easy and the free spins mode is hard to unlock. If you are successful, however, you could be in for an awesome pay-out. Narco’s is available on a number of top UK online casino sites and you can play it for between 0.20 cents and €400 per spin on all devices, including desktops, laptops, smartphones, and tablets.
Gambling is big business –for the taxman in Sweden
The Swedish government is benefitting enormously from Sweden’s new online gambling license. Sweden’s Skatteverket tax agency (STA) said that its revenue from gambling tax for the first half of 2019 was almost SEK1.84b (US$190.7m). That is double the amount that the government had estimated they would make when they launched their newly regulated online casino and gambling industry in January this year.
The director of Sweden’s Skatteverket tax agency, Marie Matsson said the government had made more in the first six months of the year than what they had expected to make from the online gambling industry in the entire year. There are currently 86 licenced gambling companies in Sweden, and they pay an 18% tax on their revenue plus altogether they have paid SEK67m for licenses and they have had to pay an extra SEK57m in supervision fees.
But it’s not all good news. Sweden’s online gambling industry has struggled to adapt and most of the 86 licence holders have reported a significant drop in their Swedish revenue. But according to Sweden’s Spelinspektionen regulatory body, the online casinos should be able to follow the rules, pay their tax and still make money. So, even if the online casino operators are not entirely happy, the Swedish taxman most certainly is, and the country is reaping the rewards of this burgeoning industry.