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Tax crack down worries gambling companies in Ireland

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Tax crack down worries gambling companies in IrelandReading Time: 2 minutes

The Irish gaming companies are finding it hard to cope with the excessive interference of authorities in the name of tax crack down. The authorities are putting pressure on them over tax and licensing non-compliance. But the gambling operators say it is all because of unclear regulatory regime.

The Revenue Commissioners, the Irish government agency that oversees taxes began a crackdown on tax and licensing non-compliance in the gaming sector and has sparked concerns among operators. According to gaming companies, there’s a lack of clear legislative framework for the industry and they are worried about the uncertainty that Dublin’s operators are facing.

“Revenue (the agency) is intent on addressing all forms of licensing non-compliance in the gaming and amusement sector,” a spokeswoman for the government’s body stated. “Any trader [operating without licence] is liable to have the gaming machines seized and be prosecuted.”

Since the crackdown started, Revenue has collected more than €1.1 million in unpaid taxes and issued 4000 new licences which generated €899,465.

However, some Dublin operators operate under Revenue-issued licences which apply to amusement machines due to a Dublin City Council directive from 1988 which bans gambling machine licenses from being issued for facilities within city limits.

Revenue’s chairman Niall Cody issued a letter to lower house member Mick Wallace explaining that, before the crackdown began, a group of casino owners made a legal submission raising concerns about the constitutionality of the present gambling law. Nonetheless, there has been little progress -or none at all- to save the Gambling Control Bill 2013, which would regulate the situation but continues to be delayed.

David Hickson, director of the Gaming and Leisure Association of Ireland, said: “At the moment our law dates back to 1956, so we need to update the legislation for a whole host of reasons. Progress towards regulation has been remarkably slow and bedevilled by delays.”

 

Source: FocusGamingNews


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Integration of EGT Global Jackpot with Winbet and Club King Marks Great Success

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Integration of EGT Global Jackpot with Winbet and Club King Marks Great SuccessReading Time: 1 minute

 

The EGT Global Jackpot’s integration with Winbet and Club King has achieved success through offering entertainment and winnings for both operators and players.

The operators’ success and players’ entertainment are always the core objectives of EGT sales, development and production teams. When innovation joins these approaches, EGT solutions are the reliable choices for winning businesses.

EGT supports the operators to make proposals to its customers they couldn’t refuse, with the integration of the EGT Global Jackpot into their gaming halls. Global Jackpot is developed to connect all slot machines and any type of roulette from all locations of operators across the country. Thus, the total bet generates the possibility of higher winnings compared to those offered by the local jackpots.

At Winbet, the Global Jackpot has been functional since March this year and has brought multiple winnings to the luckiest players. Recently, Club King has also integrated the Global Jackpot in favour of top entertainment and winnings for both operators and players.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Integration of EGT Global Jackpot with Winbet and Club King Marks Great Success

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New York State Lottery Reports Record Revenues for the 2018 Fiscal Year

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New York State Lottery Reports Record Revenues for the 2018 Fiscal YearReading Time: 1 minute

 

The New York Lottery has recorded $8.2 billion in sales for the state fiscal year that ended in March 31, 2019. That includes sales from Powerball, Jackpot, Mega Millions, Scratch Off, Quick Draw and other games, plus revenues generated by the state’s licensed video lottery locations.

The video lottery net win for the 2018-2019 fiscal year was $2.08 billion, third largest in the world behind two Italian lottery operators. The combined sales and net win earnings for the last fiscal year are a new record for the New York Lottery. The New York Lottery generated $3.47 billion in aid designated to support the state’s schools.

The lottery revenues are distributed to school districts according to the same formula used for state aid. A larger, poorer district will receive a higher percentage than a smaller, more affluent one. Lottery contributions account for 13% of all state aid to education for 2018-2019.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: New York State Lottery Reports Record Revenues for the 2018 Fiscal Year

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Spillemyndigheden Introduces Whistleblower Scheme

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Spillemyndigheden Introduces Whistleblower SchemeReading Time: 1 minute

 

Spillemyndigheden, the Danish industry regulator, has launched a new whistleblower scheme for the employees of gambling operators who wish to report evidence of money laundering.

Spillemyndigheden has detailed that employees can report a company’s violation or potential violation of the anti-money laundering legislation to the regulator via a dedicated, anonymous contact form which will then trigger a legal investigation. All submissions will be encrypted to ensure that submissions are secure.

In April, Spillemyndigheden has blocked access to 25 gambling websites after petitioning the country’s telecommunications providers. Danish internet providers have now been obliged to block access to ten igaming sites, in addition to 15 skin betting websites.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Spillemyndigheden Introduces Whistleblower Scheme

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