Italy’s Senate has approved a bill that would result in a spike in gambling tax rates by January 2019. The government plans to hike tax rates on online casino revenue (from 20% to 25%), sports betting (from 22% to 24%) and virtual betting (from 20% to 22%). As a result, Playtech warned its investors that the new tax rates would cut its projected full-year 2019 earnings by “approximately €20-25 million before any mitigating actions.”
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| The future does not look bright |
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The Story
Italy’s Senate has approved a bill that would result in a spike in gambling tax rates by January 2019. The government plans to hike tax rates on online casino revenue (from 20% to 25%), sports betting (from 22% to 24%) and virtual betting (from 20% to 22%). As a result, Playtech warned its investors that the new tax rates would cut its projected full-year 2019 earnings by “approximately €20-25 million before any mitigating actions.”
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CalvinAyre.com’s Becky Liggero spoke to SG Digital’s Keith O’Loughlin on the company’s various products at the G2E Las Vegas Conference.
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With 2018 becoming a bear market, CalvinAyre.com’s Rafi Farber makes some predictions on what is in store in 2019 for China, Europe, and the United States.
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The Japan-based internet giant had decided to stop its business of developing, manufacturing, and selling mining equipment, citing “extraordinary loss.”
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With the granting of its Swedish license to operate, customers now have the opportunity to access the games of their choice, including the chance to bet on America’s Mega Millions and Powerball draws.
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Congratulations to Mark Claxton for his appointment as the new Head of Games at iSoftBet! With 17 years in the industry, Claxton has created some of the industry’s well-known real-money and casual gaming titles.
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Once the ego inflates, it will only come back to 
