The Brazilian government has recently introduced a temporary tax reform measure, proposing to raise the gambling tax rate from 12% to 18%. Together with income tax and local taxes, the overall tax burden for operators could approach 50%. This move has sparked strong backlash from the industry, with
The British gambling industry is facing the risk of increased tax burdens. The Betting and Gaming Council (BGC) cited a recent survey indicating that if the government proceeds with plans to uniformly increase the online gambling tax rate, two-thirds of gamblers might abandon licensed platforms and
In the early 1990s when internet gambling first started, it was the Wild West. Claims were made by optimistic would-be online-gaming entrepreneurs that the internet was outside the jurisdiction of any country, so anything was allowed. And to be fair, gaming regulators had not even thought about what
Netizen submission:It is reported that the price of the 7-day "one-time entry card" used for short-term tourism in Ruili City, China, has recently skyrocketed in the hands of black market intermediaries. Originally, the entry card, which only cost 2,000 Myanmar Kyat, is now being priced up to 1.3 mi
Flutter Entertainment CEO, Peter Jackson, has warned increasing tax may well have a damming impact on the fate of smaller operators and the growth of the black market.Speaking to the Financial Times, Jackson emphasised that the heightening of taxes, which have been touted by a myriad of states, will
According to CEO Andrew Rhodes, tackling the black market is a top priority for the Commission, with the regulator dedicating significant resources and expertise to the effort.The size and potential growth of the UK gambling black market has become a big topic in recent years following accusations s
Some time ago, when Telegram’s founder Pavel Durov was arrested in France for facilitating illegal transactions and for insufficient cooperation with law enforcement, it was also revealed that Telegram hosts numerous illegal gambling platforms, particularly those operating with cryptocurrencies. Als
Swedish MP Carl Nordblom has called for a review of the country’s recently increased gambling tax to boost the channelisation rate.The Moderate Party politician tabled the motion in Sweden’s parliament yesterday (2 October) alongside several others that would aim to re-examine Swedish gambling law.I
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