May 21, 2024; Chicago, Illinois, USA; Chicago Cubs outfielder Cody Bellinger (24) scores against the Atlanta Braves during the 10th inning at Wrigley Field. Mandatory Credit: Kamil Krzaczynski-USA TODAY Sports The Illinois Senate approved a budget that includes a new progressive sports betting tax rate for operators The graduating sports betting tax rate tops out...
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DraftKings (DKNG) Stock Falls as Illinois Senate Passes Sports Betting Tax
Source: Lori Butcher / Shutterstock.com DraftKings (NASDAQ:DKNG) stock fell 7% over the weekend after the Illinois Senate passed a hike to the state’s sports betting tax. The Senate package is different from a bill already approved by the Illinois House. The two proposals must be reconciled before they can be signed. The bill hikes the...
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Setting defensive lines against the threat of fraud in Europe
With many operators setting their sights on expansion across Europe, one consideration that can often fall by the wayside is how to effectively overcome the challenges posed by a continent-wide rise in fraudulent activity. With operators hit with $6.8bn in fraud related costs in 2023, now is the time for operators to take action. SlotsMaker...
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Greg Sankey reveals SEC’s stance on banning prop betting in legalized gambling
Greg Sankey toed the fine line with college sports betting, especially in terms of prop bets. The SEC Commissioner said they haven’t had too much conversation regarding any sort of ban. Basically, you have to be aware of sports gambling, legal and “unsanctioned,” as Sankey put it. Getting it under control? Well, what’s control? And...
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Top 3 Online Casinos in Malaysia 2024: Best Sites for Secure & Fun Gaming
Established in 2024, U9Play has quickly grown into a powerhouse in the Malaysian online gambling scene. This platform has become a trusted favorite among regional players thanks to its unwavering commitment to providing an unforgettable gaming experience. Pros: Boasts an extensive library of over 2,500 games, catering to a diverse array of user preferences. Security...
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Rachel Reeves says Labour ‘natural party of business’ as she sets out economic plan
Labour is the “natural party of British business” and that includes paying bosses large salaries, the party’s shadow chancellor has said. In her first major speech of the election campaign, Rachel Reeves sought to persuade voters Labour are now pro-business and pro-workers. She also said they would bring the UK closer to the European Union,...
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Online sports betting operators jolted by tax legislation in Illinois
ilbusca/E+ via Getty Images Sports betting stocks were jolted in early action on Tuesday after the Illinois State Senate passed a bill on Sunday proposing higher taxes on online sports betting operations. Under the new proposal, online sports betting operators will begin paying higher taxes on July 1, ranging from 20% to 40% depending on...
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UK’s Online Slot Boom: How Online Play Tripled in Just 3 Years
Wrexham.com > News Posted: Tue 28th May 2024 Promotional feature… From 2015 to 2018, the popularity of online slots tripled, showcasing an excellent surge like no other. It has also paved the way for Digital entertainment and gambling to become even more popular. This growth can be credited to technological advancements, Regulatory changes, and ever-evolving...
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Illinois Senate passes progressive sports betting tax
The proposal would introduce a progressive rate up to 40 per cent. US.- The Illinois Senate has passed a bill that would introduce a new method for calculating sports betting taxation from July 1. The state would move to a progressive tax rate on operator revenue. HB 4951 passed 37-22, with one key amendment added...
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Dutch gambling changes could see at-risk players switch to illegal operators
A ban on online gambling in the Netherlands could lead to almost half of at-risk players switching to illegal online casinos, according to a new survey. The Online Gaming Barometer 2024, the annual survey of Dutch gambling published by industry association Netherlands Online Gambling Association (NOGA), found a decrease in at-risk players as a proportion...
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Alderney gambling regulator raised £2.3m in profit for the jurisdiction in 2023
Profit was up by 27 per cent year-on-year. Alderney.- The Alderney Gambling Control Commission (AGCC)has reported that it gave £2.35m of profit to the Channel Island jurisdiction in 2023. The profit was £636,000 higher than in 2022. The commission, which has regulated the island’s gambling sector since the year 2000 cited a “strong rebound by...
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Swintt gains market access in Ontario
The approval marks the slot software provider’s debut in the North American market. Canada.- Slot software provider Swintt has gained market access to the Canadian province of Ontario. Players in Ontario will now have access to games including Aloha Spirit XtraLock and upcoming Elysium Studios release Driven. The approval marks the company’s debut in the...