Author: OnlineGamblingDaily

Munich’s Federal Fiscal Court (BFH) ruled on September 26 that sales from the operation of slot machines are still subject to value-added tax (VAT) after a change in the law for virtual slot machines that came into force on July 1, 2021. In the case at hand, the applicant, who operates arcades, had successfully applied to the Finance Court (FG) to suspend the execution of the sales tax advance payment for August 2021, explains a press release from the Federal Fiscal Court. “The Lower Tax Court considered it ‘seriously doubtful’ that the sales tax liability of so-called land-based slot machine…

 October 29, 2022 We speak with E. Sequoyah Simermeyer of the National Indian Gaming Commission about California sports betting and the Federal considerations and requirements surrounding the regulation of the activity. The NIGC would be involved with the oversight of sports betting conducted at Tribal Casinos, including technological considerations, the Indian Gaming Regulatory Act and compact considerations, and helping Tribal Gaming develop partnerships to deliver sports betting to customers. Sports betting in California will go before voters soon, and they will decide what form of wagering (if any) will become regulated. The two dueling propositions on the ballot would either…

Las Vegas-based sports betting operator SuperBook Sports is now live in Iowa. Bettors in the state can download the SuperBook Sports Iowa app or visit ia.SuperBook.com to place wagers through the product. SuperBook Chief Executive Officer Mark Lipparelli said: “We’re excited to bring the SuperBook brand and our decades of experience to the state of Iowa. From the Cyclones and Hawkeyes to the Field of Dreams, Iowa has one of the best sports traditions in the country. Many sports fans from Iowa have undoubtedly visited our iconic Las Vegas sportsbook, and now they can access those same great betting options from…

California Gov. Gavin Newsom is opposing Proposition 27, one of two competing proposals to legalize sports betting in the state. Newsom has now weighed in, publicly voicing his opposition to the sportsbook-backed ballot measure, which would legalize online sports wagering apps in the Golden State. “Proposition 27 is bad for California,” Newsom said in a statement this week. “It would hurt California’s Indian Tribes, increase the risks of underage gambling, and push billions of dollars out of California and into the pockets of out-of-state corporations. Vote No on 27.” Proposition 27 is up against Proposition 26, a tribal-backed measure that…

Nevada has exceeded $1 billion in gambling revenue for 19 straight months, according to the Nevada Gaming Control Board’s latest report. Casinos in the Silver State posted $1.2 billion in revenue for September, which marks an 18% increase from the same month in pre-pandemic 2019 and is also up 8% year-on-year Additionally, the state is on pace to break last year’s record-setting gaming revenue total of $13.4 billion. Over the last nine months, Nevada casinos generated $11 billion in revenue, which is 13.2% above the same period in 2021. This has been partly credited to a strong Las Vegas Strip…

According to local reports, Albania will reintroduce legal sports betting. The measure is set to be implemented on January 1, 2023, four years after sports wagering, casinos, and online gambling were made illegal. The move is expected to provide revenue for the government, which currently faces a debt of over 90%, increasing pressure to subsidize rising energy costs and calls to support the vulnerable amid the global crisis. The measure, which has been on the cards since the summer, is set to be effective at the start of the next year. Experts on the matter estimate that some €17 million…

iGaming industry content provider Pragmatic Play has announced the launch of a new Ancient Greece-themed slot title, Sword of Ares. The game is set across 6×5 reels, implementing a pays-anywhere mechanic. Chariots, shields, and swords fall onto the matrix, with eight or more of these needed to trigger a win. All winning symbols are removed from play and replaced via a tumble feature with new symbols, allowing for additional wins to be formed.   A multiplier collection feature sits above the reels with three varying multipliers being unlocked when milestones of 20, 50, and 100 winning symbols are gathered. These provide a boost to all…

MGM Springfield announced at a Thursday hearing with the Massachusetts Gaming Commission its financial results for its operations through the end of September, reporting $191 million in gaming revenue from slot machines and table games. The revenue reported at the meeting is slightly above the $181 million the casino raked in during the same period in 2021. The casino reported $62.8 million in gaming revenue during Q1, $64.8 million for Q2, and $64 million during Q3. MGM Springfield Vice President Augustine Kim stated that the casino is “very pleased with the way things are going”, MassLive reported.  “You can tell…

Gaming technology provider Win Systems reflected on its participation at the latest edition of G2E Las Vegas. The company described the event as “the perfect scenario to show our commitment as a global supplier to the industry.” The company said that its commitment and innovation drew the attention of visitors, which was “reflected in the constant flow of attendees” who approached the booth, interested in learning about the latest developments. The company showcased its WINUP Wallet, which “caused a sensation among operators” for offering all the functionalities of a wallet while including access to various casino services. Furthermore, the group said that…

Sports betting and digital entertainment company BetMGM announced Thursday the appointment of Rhea Loney as Chief Compliance Officer, joining the company’s executive team.  Loney will oversee BetMGM’s compliance department, including online and retail operational compliance, registration and licensing, AML and financial compliance, and responsible gaming. Adam Greenblatt, CEO of BetMGM, said: “Rhea brings extensive industry knowledge and regulatory experience to BetMGM and is a phenomenal addition to our team as we continue to grow rapidly in a dynamic industry.” Loney joins BetMGM from Penn Interactive, the online subsidiary of Penn Entertainment, where she served as VP of Compliance, Regulatory Affairs &…

Kindred Group has posted its financial report for the third quarter of the year. For the period ended September 30, the online gambling operator delivered total revenue (B2C and B2B) of GBP 277.8 million ($321.5 million), down from GBP 298.4 million ($345.3 million). Total revenue year-to-date was GBP 763.2 ($883 million), down from GBP 1 billion ($1.2 billion) in the comparable period of 2021. Other report highlights find underlying EBITDA down by 52% to GBP 40.3 million ($46.6 million), and profit before tax amounting to GBP 60.3 ($69.8 million). Furthermore, the company’s number of active customers during the quarter decreased…

iGaming products and services provider Amusnet Interactive announced Thursday it will be exhibiting its products at SiGMA Europe, which will take place in Malta, from November 15 to 17. At stand G5, the provider will showcase its portfolio of slots, advanced keno games, and its live casino platform. SiGMA Europe is one of the largest iGaming exhibitions in Europe. The event, which will take place in Malta’s largest convention center, is set to gather over 14,000 operators, affiliates, gaming content and payment solution providers, regulators, and investors that will make connections, demonstrate their solutions and discuss industry trends.   — amusnet_interactive (@amusnetinteract) October 27, 2022…

Politics does make strange bedfellows. Although, it’s not such a stretch to see California sportsbooks uniting with cardrooms. After all, many sports bettors enjoy poker… and many a poker player has been known to make the occasional sports bet. But now, the stakes are high. What’s on the line is the future of  gambling in California. If you are just hearing about this, perhaps a crash course in what’s happening with sports betting in the state is in order. You can read about how the convoluted issue of sports betting began there. Or the recent coalition of mayors in the…

Casino developer and operator Red Rock Resorts has reported its financial results for the third quarter of the year. The Nevada-based firm posted $414.4 million in revenue, flat from $414.8 million in the same period last year. Meanwhile, net income was down by $22.5 million to $95.5 million. Officials said they haven’t seen inflation or other macroeconomic pressures affecting demand at its resort casinos. Red Rock Resorts, which operates Green Valley Ranch Resort, Palace Station, Red Rock Resort, and other locals-focused properties, said that its flat year-over-year growth in net revenue and cash flow for the quarter ending September 30 indicates seasonality…

Gaming provider Play’n GO announced Friday it has released a new title called Count Jokula. This new game is described by the company as “a cobweb-filled coven of fear,” and is the latest instalment in the company’s expansive Joker series.  The game’s story ventures into the castle of Count Jokula, where players are left to question whether they are being played with their minds, or if “something spooky lurks in the shadows,” the provider said of the game’s theme. Count Jokula is a classic slot that boasts two unique features” to propagate engaging gameplay fit for a wide range of…

Six players and a coach have been indefinitely disqualified from NBA 2K League’s activities for violating gambling and fantasy rules. The NBA 2K League is an official esports competition, a team effort of both the NBA and NBA 2K publishers Take-Two.  An investigation found Christopher Lafanette, Dorian Earl Miller and Robert Nastasi of Blazer5 Gaming, Kimanni Ingram of Jazz Gaming and Zekirri Dennis of Mavs Gaming all wagered or attempted to wager on NBA 2K League games, either on their own or through other individuals, according to a statement released by the League.  The five players also broke the rules…