Taxes

American daily fantasy sports firms receive alarming tax news

Adam Morgan
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Sports betting, Fantasy Sports, Taxes
In the United States and prominent daily fantasy sports operators FanDuel Group and DraftKings Incorporated could reportedly be in trouble after the Internal Revenue Service (IRS) ruled that such firms are to b...

National Revenue Agency put in charge of regulating Bulgarian gambling

Adam Morgan
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Bulgaria, Economy/Finance, Lottery, Sports betting, Online Gambling News, Tax Evasion, Crime, Licensing, Taxes
In Bulgaria and the National Revenue Agency tax bureau has reportedly been charged with regulating the country’s gambling industry after federal lawmakers enacted a measure to abolish the previous State Commiss...

British online gamblers could soon face a £100 monthly ‘soft cap’ on losses

Adam Morgan
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Technology, Economy/Finance, The Players Lounge, Online Gambling News, Licensing, Taxes, United Kingdom
In the United Kingdom and a prominent cross-party think-tank is reportedly set to recommend that the nation’s online gamblers not be allowed to lose more than £100 ($131) a month without first undergoing a stri...

American Gaming Association boss heralds legalized sportsbetting market

Adam Morgan
Washington D.C., U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Licensing, Taxes
In the United States and the Chief Executive Officer for the American Gaming Association, Bill Miller (pictured), used a special hearing in front of federal legislators yesterday to herald the importance of the...

The Daily Fantasy Football Company has its Malta licence cancelled

Adam Morgan
Online gaming software, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, The Players Lounge, Sports betting, Online Gambling News, Fantasy Sports, Licensing, Taxes, Malta
The gambling regulator for Malta has announced that it has cancelled the business-to-consumer license of iGaming operator The Daily Fantasy Football Company Limited for multiple breaches of its regulations. ...

Sportsbetting legalization takes a step forward in Kentucky

Adam Morgan
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Poker, Poker, Sports betting, Online Gambling News, Fantasy Sports, Licensing, Taxes, Kentucky
A committee of the Kentucky House of Representatives reportedly passed proposed legislation yesterday that could soon see the southern state become the latest to legalize sportsbetting, fantasy sports contests ...

Michigan legalizes online casino and sportsbetting

Adam Morgan
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Licenses, The Players Lounge, Sports betting, Online Gambling News, Taxation, Licensing, Taxes, Michigan
In Michigan and Governor Gretchen Whitmer has reportedly given iGaming afficionados the perfect Christmas gift by putting her signature to a wide-ranging piece of legislation that has seen the Midwestern state ...

Dutch gaming regulator issued record-setting annual fines

Adam Morgan
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, The Players Lounge, Sports betting, Online Gambling News, Licensing, Fines, Lawsuits & Litigation, Taxes, Netherlands
In the Netherlands and the past twelve months have reportedly seen the nation’s Kansspelautoriteit gaming regulator issue fines against online casino and sportsbetting firms totalling some €3.5 million ($3.9 mi...