Industry
October 16, 2024
Flutter CEO Advises Moderation in Taxation as Tax Hikes Continue
Peter Jackson, Flutter Entertainment’s chief executive officer, believes that the ideal online sports betting tax rate would be 18%. In an interview with The Financial Times, he shared his tax-related opinions about the US wagering sector. Flutter’s CEO Promotes a Golden Middle Jackson’s proposed tax rate is noticeably higher than the tax rate of certain […]
Industry
October 16, 2024
Vietnam: $70M Illegal Gambling Ring Results in Dozen Arrests
Gambling remains prohibited in many countries across Asia and while in some jurisdictions it is completely banned, others permit it under strict rules. Despite the tough laws that in some cases carry lengthy prison sentences, illegal gambling remains a challenge for countries in the region. Police Seize Cash, Electronic Devices and Jewelry In one operation […]
Industry
October 16, 2024
IGT Wins $5.3M Tender to Supply Tech to LET’s Manila Project
Gaming tech & content leader International Game Technology (IGT) has won a $5.3 million tender to supply its cutting-edge gaming equipment to LET Group Holdings’ new casino project in Manila. The former company’s experience and rich suite of products were major factors in the successful tender. The Supplier Will Empower the New Casino As per […]
Industry
October 16, 2024
BTS’ Jimin Victim of Fraud by Comedian Lee Jin Ho over Gambling Debt
Across the globe, people affected by problem gambling can quickly pile up debt. This in turn pushes some into criminal activities such as theft, fraud, or even murder in some cases. A crippling gambling addiction is the main reason for the tarnished reputation of one popular South Korean comedian who accumulated debt and asked fellow […]
Industry
October 16, 2024
Baltimore Ravens vs. Tampa Bay Buccaneers Week 7 Odds, Time, and Prediction
Both teams have been amazing lately, each with a 4-2 record coming into Week 7. In the case of the Ravens, it’s no surprise given that they’ve got an amazing roster in 2024. With the Bucs, it’s a bit different story. This team isn’t packed with superstars, but they just seem to keep on putting […]
Industry
October 16, 2024
Francis Ngannou vs. Renan Ferreira Odds, Time, and Prediction
Francis Ngannou vs. Renan Ferreira is the headliner fight of PFL Super Fights: Battle of the Giants, which is arguably the biggest event ever produced by the Professional Fighting League (PFL). The promotion is paying more than $10 million to Ngannou, which is more than triple what Conor McGregor got from the UFC for the […]
Industry
October 15, 2024
Racing Executive Asks for Taxation Changes Amid Tax Hike Rumors
Martin Cruddace, Arena Racing Company’s chief executive officer, has appealed for lower betting duty rates and an increase in the statutory levy. His appeal follows a rumored proposal to increase Britain’s gambling tax. Lower Betting Duties, Higher Levy As the October 30 budget approaches, lawmakers are reportedly mulling over a gambling tax hike, much to […]
Industry
October 15, 2024
Brazil’s Attorney General Asks Court to Limit Loterj’s Influence
The Attorney General’s Office of Brazil (AGU) continues its efforts to block the Rio de Janeiro State Lottery (Loterj) from offering nationwide licenses to operators. As the country prepares to regulate online betting, Loterj’s authority to license operators has been put into question, triggering a complicated regulatory standoff. AGU Wants to Prevent Loterj from Influencing […]
Industry
October 15, 2024
Sportsbet Steps Away from Novelty Bets amid Regulatory Concerns
Sportsbet, Australia’s largest online betting platform, has halted offering novelty betting options. The operator previously allowed users to wager on events such as the Grammys or reality shows like Australian Survivor. Sportsbet’s decision likely stems from growing regulatory scrutiny in Australia and rising concerns regarding the effect such offerings could have on high-risk bettors. The […]
Industry
October 15, 2024
More Than Half of UK Residents Support iGaming Tax Hike, Survey
Ahead of the release of the UK government’s Autumn Budget, a newly released study suggests more than half of the Brits support the idea of increasing taxes for online gambling. Three Quarters Support Raising Gambling Taxes Recently, the Labour Party in the country encountered a £22 billion ($28.7 billion) “black hole.” In an effort to […]
