Montenegro’s gambling sector faces likely fiscal changes as the Ministry of Finance endorses a 15% tax charged on customer winnings. The government of Montenegro has received proposals to amend articles of the Personal Income Tax and the Law on Games of Chance to apply the tax charge sought by the Ministry of Finance. The proposal carries the “dual goals of …
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The British online betting and gaming sector has gained another company, as online sportsbook and casino operator JeffBet secured market launch. Issuing an update, the online brand revealed that it had been awarded operating licences by both the UK Gambling Commission (UKGC) and Malta Gaming Authority (MGA). The plans to offer UK bettors a ‘wide range of sports betting verticals’ …
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The Kenyan betting and gaming sector has encountered a major fiscal hurdle, as the country’s government reimposes a 20% tax on wagering stakes as well as doubling its taxation of foreign tech firms. Publishing the 2022 Finance Bill, the Treasury detailed that the 20% tax rate would be reintroduced, just under two years after it was abandoned in 2020 after …
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Gamban and PayPal have entered into a new partnership, with the payments provider enabling its customers in selected territories to block gambling transactions. The duo have identified PayPal as a common method of payment for gamblers via both online and offline verticals, covering sports betting, horse and greyhound racing, person-to-person wagering and on gaming machines. PayPal and Gamban’s partnership comes …
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Groupe FDJ has joined wider business organisations in supporting France’s Plug and Play ecommerce accelerator programme. As the operating firm of France’s National Lottery, maintained by its Française des Jeux unit– Groupe FDJ will provide its expert guidance on French retail and e-commerce disciplines to new start-ups. Recognised as one of global tech’s most successful investment platforms, Plug and Play’s …
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Online payment service providers are coming up with new ways to aid pandemic-struck consumers, said ConnectPay CEO Marius Galdikas, as he commented on some of the up and coming trends he believes will soon dominate the industry. The current circumstances called for implementing novel solutions in the payments market to accommodate the heightened demand for cashless options, as well as …
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The Football Association (FA) enters an official payments partnership with PayPal that plans to transform how players pay their fees at grassroots level. By pushing payments through ‘The FA Matchday App’, the collaboration hopes to enable grassroots footballers to pay their match fees with their smartphones – bringing in possibly millions of extra pounds for grassroots clubs every season. Problems …
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It has come to light that Paypal is concerned with the legality and regulations around payments linked to esports tournament sites. Dexerto reported that the main area of concern is whether the payments are associated with gambling when processed through certain tournament sites. The company has requested letters from lawyers in a number of countries and individual US states to ensure …
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EBay owned payment processing operator PayPal is considering allowing customer transactions in US state licensed igaming territories. The news that PayPal the world largest payment processor could allow payment transactions for US igaming customers was brought to light by Poker news website – Onlinepokerreport.com. “Sources tell OPR that PayPal will start processing regulated US online #gambling payments in coming months,” …
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Ladbrokes has unveiled new features to bring mobile apps and HMTL5 to the forefront of operator’s sportsbook offerings. Customers can now deposit via PayPal, access the mobile service from Windows and Blackberry phones and see real-time in-play match action, statistics and timelines. It is estimated that 30 per cent of mobile customers currently use PayPal as their primary payment channel. …
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