The Italian government reportedly plans to impose a new 12% tax on gamblers’ winnings under €500, a move that might result in a decrease in gambling tax revenue.
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The Story
The Italian government reportedly plans to impose a new 12% tax on gamblers’ winnings under €500, an amount that is currently not subject to tax. The new tax regime also features a variable rate that would escalate along with the value of winnings. Analysts have warned that the new tax regime will result in a decrease in revenue from gambling. However, the Italian government is unbothered by this fact as it has implemented various policies all aimed at reducing the Italians’ willingness to gamble such the increases in both online and land-based taxes and the ban on gambling advertisements and sponsorships.
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The head of Gzesh Law Ltd. shared with CalvinAyre.com’s Becky Liggero the factors that affiliates should consider if they want to take advantage of the growing legalized sports betting industry in the US.
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Facebook founder and CEO Mark Zuckerberg has had a difficult time convincing governments and companies that its stablecoin will be viable global banking solution.
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Players will only have until October 15 to choose the top 10 candidates for the Best Casino 2019, Best New Casino 2019 and Best New Slot 2019 of the third AskGamblers Awards.
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Congratulations to BetInvest for being shortlisted in three categories at the SBC Awards 2019! The company received nominations for Sportsbook Supplier of the Year (Sports), Esports Supplier of the Year (Sports), and Innovation of the Year (Sports and Casino)!
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To be prepared is half the victory.
