The UK gaming industry could face an extra annual tax burden of £200m on top of the devastating impact of the FOBT’s on UK bookies’ profits if the remote tax is raised to 20% from 15%, analysts have warned. Sector profitability could be reduced by 66% at the EBITDA level, Paul Leyland of Regulus Partners said.
Even so, shares of GVC, William Hill and Paddy Power Betfair rose by 2 to 4 percent on Thursday.
Don’t forget: until May 30, you can nominate your Dutch-licensed gaming company for the Responsibility in Gaming Awards. It’s free!
Former VAN Kansspelen board member Harry Vale passed away on Tuesday at the age of 86.
Italy’s new coalition government appears set to do some major damage to the local gambling industry.
Kambi Group has signed a multi-year deal to provide its sportsbook technology to Rush Street Interactive, one of the fastest growing online gaming operators in the United States.
A founder of Paddy Power resigned in frustration over the failure of senior management to properly tackle problem gambling.
Partypoker will relaunch in the Italian market by the end of this year.
Affiliate marketing group Better Collective has disclosed that it intends to pursue a public listing on the Stockholm Nasdaq Exchange.
The Australian government has published draft legislation to ban lottery betting and keno providers.
Hong Kong Jockey Club’s security and integrity chief, Martin Purbrick, has warned industry leaders in South East Asia of the rising amount of illegal wagers in the region.
Gambling.com lists some of the best prop bets for Prince Harry and Meghan Markle’s wedding.
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It’ll be 💥💥!