Tag Archives: tax

Thomas Smallwood CEO SKS365 – Group GmbH , parent company of Planetwin365,  sheds insight and opinion on the current industry debate surrounding the conduct and misuse of player protection and tax issues by governments and regulators. Can an appropriate context really be set on the subject matters  which would benefit players, the industry and national governments? Taxation Noun: the act of …

888 Holdings has announced ‘another record-breaking year’, as the operator posted its 2014 full year performance, with reported growth on all top line metrics. The igaming operator was able to record revenue increases in both of its key product divisions, as B2C saw a 11% jump to $391 million (FY 2013: $352 million) and B2B increased 32% to $64 million …

UK Gambling Commission CEO Jenny Williams believes that the transition to the UK point of consumption licensing has gone ‘pretty smoothly really’. In an interview with John Hagan of the Harris Hagan law firm at ICE, Williams revealed that the regulator now believes it has total coverage of the UK market. She said: “Nearly all the 150 plus overseas operators …

Smarkets CEO Jason Trost is hoping to carve out more business for his betting exchange by keeping its commission charges low. In an interview with February’s edition of Betting Business interactive, Trost said that sports betting customers will continue to become more informed and more demanding, meaning that the value offered by companies will be crucial towards success. He explained: …

Listed gaming operator Mr Green & Co is putting aside SEK 108 million (£11.5m) from its 2014 accounts in case it loses its Austrian tax dispute. Mikael Pawlo, outgoing CEO of Mr Green & Co, commented: “We contest the tax liability and are hopeful that our objections will be given due consideration.” While Mr Green Ltd operates from Malta and …

Paul Leyland, Principle Consultant at Regulus Partners, is of the opinion that a heavy tax burden will hit growth in the industry this year, although there are prospects for the industry to flourish longer-term. 2015 was always going to be a difficult year for gambling operators from a fiscal perspective: UK remote Point of Consumption taxes (15% revenue from December …

Paul Leyland, Principle Consultant at Regulus Partners, takes a look at the news that there is to be another attempt at a Judicial Review on the UK’s Point of Consumption regime and asks whether it is altogether wise. The Gibraltar Betting and Gaming Association, having failed to overturn the UK remote Gambling (Licensing and Advertising) Act, is now attempting a …

The Gibraltar Betting & Gaming Association (GBGA) has called for an EU framework for online gambling legislation after its appeal against the UK’s point of consumption licensing was dismissed by the courts. In a statement after Friday’s judgment, the GBGA said: “We remain concerned the UK regulator will find it difficult to hold companies to account in jurisdictions outside of …

The long running tax battle between Football Pools operator Sportech plc and Her Majesty’s Revenue & Customs (HMRC) is set to continue after Sportech announced that it has lodged an application for permission from the Upper Tribunal (Tax and Chancery Chamber) to appeal to the Court of Appeal in relation to the VAT repayment claim on the ‘Spot the Ball’ …

Rank Group, owner of the Grosvenor casino and Mecca bingo brands, has announced a 13% increase in ‘continuing business revenues’ for the 12 months to 30 June 2014, with retail growth considerably outstripping its digital performance. Revenues increased 15% for its venues, while the digital channel achieved 2% growth. The fastest growing channel of distribution continues to be mobile where …