UK to offset FOBT stake cut with 6% tax hike

UK Chancellor Philip Hammond presented his Autumn Budget for the House of Commons which included the increase of the remote gaming duty for online casino revenue from 15% to 21%—a move aimed at offsetting the reduction in maximum wagers in UK betting shops from £100 to just £2.
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CalvinAyreNews
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—Max Aaron
30th October 2018
CalvinAyre Newsletter
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INVITE FRIENDS
UK gov’t to hike online casino tax from 15% to 21% in October 2019
Carrying the burden

The Story

UK Chancellor Philip Hammond presented his Autumn Budget for the House of Commons which included the increase of the remote gaming duty for online casino revenue from 15% to 21%—a move aimed at offsetting the reduction in maximum wagers in UK betting shops from £100 to just £2.

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POKER
Ivonne Montealegre fights for what she believes in

Ivonne Montealegre fights for what she believes in

CalvinAyre.com’s Lee Davy talks with the Malta Poker Festival founder about her legal battle with Casino Malta and why she decided to start another poker tournament.

Read More
FROM COINGEEK.COM
UK mulls ban on crypto derivatives

UK mulls ban on crypto derivatives

Citing the need to protect consumers from risks, the UK’s Financial Conduct Authority is set to hold consultations on a “potential prohibition” of cryptocurrency-based derivatives.

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GLOBAL ROUND UP
ASIA
BUSINESS
Singapore Pools taking over Turf Club’s race betting operations
Read More
CASINO
Belle Corp year-to-date income up despite lower Q3
Read More
NORTH AMERICA
BUSINESS
Court: New York lacked authority to okay daily fantasy sports
Read More
CASINO
California pledges to crackdown on illegal card rooms
Read More
SOUTH AMERICA
BUSINESS
Study: Mexico’s online gamblers as rare as unicorns
Read More
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PRESS RELEASE

Nissi Online Casino adds horse betting

Patrons of the Nissi Online Casino can now enjoy three virtual horse betting games which can be played right from the browser.

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SHOUT OUT
Congratulations to Ben Watiwat for being appointed as the new CFO of Silver Heritage! Watiwat will be replacing Basil Jong who stepped down “by mutual agreement with the board.”
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