Indian business news sources have reported that the nation’s tax authorities are revising how to charge a ‘goods and services tax (GST)’ on the burgeoning Indian daily fantasy sports (DFS) industry. State level tax authorities are said to be reviewing whether to charge DFS operators on GST applicable to net commission earned from DFS games and prize pools, or whether …
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Racing content and data distributor SIS (Sports Information Services) has confirmed the appointment of Anze Gantar as new Digital Sales Manager, with a view to strengthening its international sales force. Gantar is the former Commercial Manager for Bwin’s B2B division (2013-2017), maintaining sales responsibilities for its sports data-capture software TRACKCHAMP. Joining SIS, Gantar will be responsible for supporting the growth of …
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The Bulgarian Ministry of Finance has confirmed the appointment of Alexander Georgiev as the new Chairman of the State Commission on Gambling Bulgaria. Georgiev has formerly served as the Deputy Director for Bulgaria’s national tax agency since 2017. The appointment was confirmed by Bulgarian Finance Minister Vladislav Goranov, who has approved a restructure to the Commission’s leadership. The appointment sees …
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Frankfurt Xetra-listed online betting group bet-at-home AG has detailed a strong start to 2019 trading, with core corporate metrics ‘significantly above last year’s levels’. Publishing its first quarter 2019 trading update (period ending 31 March), bet-at-home records a 12% increase in group revenues to €37.2 million (Q1 2018: €33.2m) as the bookmaker benefits from an increased wagering volume of €827 …
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Industry strategic consultancy Regulus Partners reviews a week of industry ‘virtue signalling’, as debate on the need of a ‘safer gambling levy’ is now finely balanced… ___________ UK: Regulation – GVC learns that there’s no pleasing some folk. Mirror, mirror on the wall, who is the most virtuous one of all? Could it be Kenny, could it be Phil? Or …
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Issuing a short corporate statement this morning, Stockholm-listed sports betting platform supplier Kambi Group Plc has confirmed that it will provide a sportsbook vertical for William Hill’s Swedish market operations. The FTSE betting group enters the re-regulated Swedish online gambling marketplace having acquired the assets of European online gaming group MRG Group (Mr Green) for €270 million (deal completed January …
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Mims Davies MP, the UK Minister for Sports & Civil Society (DCMS), has stated that the UK government will fully support the UK Gambling Commission (UKGC) in implementing its new ‘National Strategy to Reduce Gambling Harms’. Appointed last November as UK Sports Minister, following the well-publicised resignation of Tracey Crouch in protest of ‘FOBTs delays’, Davies details the UKGC’s national …
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A Mexican federal court has denied Grupo Codere the right to open a further 45 casino/betting establishments, hindering the Bolsa Madrid gambling group’s LATAM expansion plans. Last week, Mexican news sources revealed that on 15 April a Mexican Tribunal on administrative matters had revoked ‘Recreativos Codere’ its previous exemption from Ministry of Interior rules on licensing gambling properties. The tribunal’s …
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Stockholm-listed industry affiliate marketing network Raketech Group Plc has moved to expand its presence within Finland, acquiring legacy sports listings portal – Tvmatsit.com. Updating investors, Raketech confirms that it has secured an x5.2 EBITDA transaction, valuing TVmatsit.com at a purchase price amount of €1.6 million. In addition, Raketech will enhance its acquisition offer, with a further €300,000 in incentives to …
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Hard Metrics the strategic joint-venture formed by Metric Gaming and Bethard Group has announced its first commercial partnership, powering the launch of Toro Bet Mexico. Entering 2019, Metric Gaming and Bethard Group formed joint-venture Hard Metrics, delivering turnkey sports betting platform provisions for a changing North American market. Announcing its first partnership, new Mexican sportsbook Toro Bet will be powered …
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