Does "turnover tax" on poker mean that a % is taken from every deposit, or from the rake in every hand? If a Palladium Elite made a one-time $1,000 deposit but now generates $20,000 rake every quarter, are you saying that Party keeps getting taxed on that $20K rake instead of once on the $1K deposit?
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Originally Posted by IClickButtons
This is because of the turnover taxes that ware introduced in some countries for gambling. Palladium Elite guys produce huge turnover in respect to EBITDA, so taxes would kill this EBITDA resulting to negative net profit over these guys. This was the true reason for removal Palladium Elite I guess.