This Wednesday the Michigan House of Representatives legalizes sports betting, internet gaming and gambling on fantasy sports, even though lawmakers haven’t reached a consensus with Gov. Gretchen Whitmer. The Sports Betting Act passed by a vote of 63-45. The new bill introduces an 8.75% tax on sports betting, and an extra 3.25% tax for Detroit casinos. For online betting, the tax would start at 4% … Continue
The Philippines Representative Joey Salceda filled a new bill in the House of Representatives proposing a new 5% tax on the revenue generated by the Philippines Offshore Gaming Operators (POGOs) and their service providers register as resident corporations. The bill also sets out a $10,000 monthly tax on table games, and a $5,000 monthly fee levied on random number generator (RNG) based games such as … Continue
Ukraine government has approved the new Action Program, which includes draft legislation that would regulate gambling in the country. The content of the draft bill (No. 2285) is not currently publicly available, but according to the cabinet’s announcement, the law would permit gambling “exclusively on the territory of hotels, with the use of gambling equipment with software that meets international standards.” The government was on … Continue
No matter if we discuss the Bitcoin, Etherum, Ripple, etc., or even the so much waited for Libra from Facebook, all cryptocurrencies tend to capture more and more of people’s attention. The main interest is in speculative gains such as those generated by the fluctuations of these cryptocurrencies in relation to the classical currencies such as Dollar or Euro. In addition to the people who … Continue
The changes proposed by the BC government to the Gaming Control Act will ensure a stable, long-term source of revenue for B.C. First Nations. If passed, will provide B.C. First Nations with 7% of BC Lottery Corporation’s net income for 23 years. The gaming control amendment act will allow the government to finalize a long-term agreement to share approximately $100 million per year from provincial … Continue
The French government has introduced new gambling regulations, including the creation of a new gambling authority the National Gambling Authority (L’autorité nationale des jeux – ANJ), before the planned privatisation of state-owned gaming and lottery operator FDJ. The new authority will be composed of nine members who will be appointed for a term of six years, with the French president appointing the president of the … Continue
Malta Gaming Authority (MGA) issued a warning to the gambling companies operating from the UK, bringing to attention that they need to make changes if they want to continue to hold a valid licence. To be able to obtain and hold a gambling licence in Malta, the gambling companies must be established in the EEA which means that they have to transfer their operations from … Continue
In Spain, a number of citizens started a protest against the increasing number of betting shops. They are asking that instead of betting, people should do some other, more decent activities. Adrian Belaire, the spokesperson of the platform that organized the march, stated that the main goal of the protest was to set off a “constant, daily and committed struggle” to achieve “the end of … Continue
This Thursday, the Superior Court Judge Joan Zeldon granted the request of local citizens to put on hold a five year $215 contract awarded to Intralot to launch a mobile sports betting product. The first $30m installment for the no-bid contract was due on October 1, but that payment is now on hold. DC Resident Dylan Carragher was the one who challenged the contract in … Continue
The gaming regulation and the internal regulation – the special part, proposed by the gambling organizers and approved by the Supervisory Committee of the National Office for Gambling, are mandatory documents when granting the exploitation authorization, for each type of gambling, which follows be organized and exploited. The Supervisory Committee of the National Gambling Office, after analyzing the Gambling Regulations and the special part of … Continue
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