American daily fantasy sports firms receive alarming tax news
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 be required to pay federal excise tax on their entry fees.
According to a Friday report from the Bloomberg news service, the decision was revealed via an internal memo from the federal authority and could result in the two daily fantasy sports behemoths becoming liable for millions of dollars in unpaid taxes and late payment fees.
Significant sums:
Bloomberg reported that American daily fantasy sports firms charge entry fees that subsequently allow punters to compete for cash prizes based on the performance of athletes in a virtua…
Microgaming’s Mega Moolah pays a €6.6 million March jackpot
The Mega Moolah slot from online casino game studio Microgaming has produced another millionaire, one who will be taking home a cash prize of €6.6 million (US $7.1 million), according to an official press-release from the Isle of Man company.
The jackpot was hit last Tuesday, March 14th, 2017, by a player at the Zodiac Casino referred to as “CF”, who triggered Mega Moolah’s jackpot while playing on his mobile phone. The total amount he won was €6,681,487, which, as was the case with previous progressive jackpots won at Microgaming slots, will be paid out to the lucky winner in a single payment.
Spearhead Studios launches new Book of Gates online slot via Wunderino
Successful developer Spearhead Studios has announced their latest online slot launch, Book of Gates. Available at Wunderino, a German casino operator, the game features Sir Percy Forcet, a British explorer in search of hidden treasures. Join the explorer as he travels inside the tomb of a mighty pharaoh using a unique ancient Egyptian scroll for guidance.
Quality Game:
Book of Gates is a 5×3 online slot game with high volatility. The title offers ten paylines and can produce a maximum win of more than 11,000x. The title offers amazing graphics presenting an immersive experience via the amazing pharaohs and the special hero explorer.
The new Spearhead Studios game can be played via mobile devices, so players can en…
Sports Betting Strategies – Key Considerations When Betting On Basketball Matches
When it to be able to football betting lines there seems end up being a lot of confusion. Often times people will go to certain football sites only to look at the football betting lines as whenever they were hieroglyphics. You need to be to understand your betting lines work will contribute into a betting success. So i am going to attempt to provide a genuinely short lesson.
Today, betting is advanced and a crucial part of the sport. Fans can place their bets on the web. This makes them enjoy many of online football betting benefits. It’s easy and the fans only will need open an account online and also they can place bets most there is really a match.
This being said, individuals prefer to utilize the usual methods you can get. Sports books have scrutinized the games i…
Sports wagering revenue reports released in Pennsylvania
Last week, the Pennsylvania Gaming Control Board posted the initial monthly report for sports wagering in the state. The only facility covered in the report is the Hollywood Casino at Penn National Race Course, as the time frame covered runs from November 15th until the 30th. The facility was the first to open in the state.
Breakdown of Wagers:
The report, which will be provided monthly by the Gaming Control board, covers several areas of the new sports betting industry. The total handle collected as well as taxes owed to the state and gross revenue are included in the numbers. During the sixteen-day time frame, the casino was able to see a handle of $1,414,586.55. After payouts, the adjusted gross for the venue was just over $508,000.<…
Taylor Swift’s Appearance at Kansas City Chiefs Game Credited For Boosting Wagers By 27 Percent
The game between Kansas City Chiefs and New York Jets played on 1 October 2023 reportedly drew 27 million viewers to stand for the most-watched Sunday show since the Super Bowl played on 12 February 2023. As reported by USA Today, the appearance of the celebrity singer Taylor Swift made on the Chiefs’ stadium during their Week 3 game against Chicago Bears and the speculations about her romantic involvement with the Chiefs’ tight end Travis Kelce resulted in a 27 percent increase in bets on Chiefs within one-week time.
Celebrity Appearance Increased Wagering Handle:
USA Today reports that the Taylor Swift‘s appearance made on the MetLife Stadium during the Week 3 game against Chicago Bears…
The Games Company Limited inks ‘strategic’ distribution deal
Independent online casino games developer The Games Company Limited has announced the signing of a ‘strategic’ distribution deal with British platform and software provider Bede Gaming Limited that will see its remote games server innovation utilized by online gaming sites operated by The Rank Group.
The Games Company Limited revealed that its remote games server is powered by technology from Black Cow Technology Limited and will soon begin delivering games including the five-reel Mariachi Mayhem video slot to MeccaBingo.com and GrosvenorCasino.com subsequent to adding additional titles on a monthly basis.
Hans Winkelmann, Managing Director for The Games Company Limited declared that he was ‘delighted’ to have inked the deal with Bede Gaming Limited and is now lookin…
Swiss online gambling limit proposals draw criticism
In Switzerland, a leading information and communications technology federation has called for caution as the lower house of the nation’s legislature begins considering new measures that would introduce limits on foreign online gambling websites.
According to a report from the Telecompaper news service, the Swiss Association For Information, Communications And Organization Technology has warned that the introduction of any kind of Internet barriers could jeopardize online security and the nation’s digital economy.
The group reportedly explained that the measures being considered by the National Council would be largely ineffective as most modern browsers offer users the ability to override network locks while warning that such processes would be inaccurate and “almost i…
Twain Sport Grows Presence in Africa via Hollywoodbets Partnership
Hybrid Sports League and BetGames have recently released live sport vertical, Twain Sport. It proved successful since Twain Sport has already extended its presence in Africa.
The company partnered up with top-tier operator, Hollywoodbets, which helped Twain enhance its presence in the fast-growing market.
Expanding to the African market:
Hollywoodbets’ players will be happy with this partnership because Twain Sport’s unique hybrid sport product will be available to the players. The leading market in Africa is the fast-growing South Africa, but there are other countries where the brand operates very successfully.
T…
GGMasters WSOP Edition a huge success at GGPoker
GGPoker is currently hosting the WSOP Online Series, offering players from around the world an opportunity to compete in gold bracelet events. In total, players can compete in 54 WSOP gold bracelet events, with a nice mix of options on the schedule. Just this past weekend, the GGMasters WSOP Edition took place and surprised everyone by seeing a massive turnout and a huge increase in the guaranteed prize pool. The event was one of three to provide a gold bracelet on Sunday.
Details of the Event:
The GGMasters WSOP Edition had a buy-in of $1500, as it was a High Roller event. The field of the event consisted of 9,835 players which helped to increase the $1 million prize pool guarantee to a who…