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According to a Friday report from the Bloomberg news service, the decision was revealed via an internal memo from the federal authority and could result in the two daily fantasy sports behemoths becoming liable for millions of dollars in unpaid taxes and late payment fees.“The company is among the UK’s biggest names and its premium quality customer offering fits perfectly with our industry-leading portfolio.eveloper Red Tiger Gaming has put pen to paper for the third time this month, adding popular online casino brand 32Red to its growing list of partners....
Defective approach:Jason Robins, Chief Executive Officer for DraftKings Incorporated, reportedly used a Friday conference call with investors to proclaim that the IRS is ‘deeply flawed in its analysis’ of what actually constitutes a sportsbetting wager and that its latest stance will not be binding in court should The lawyer purportedly detailed that daily fantasy sports operators could furthermore be hit with late payment penalties for taxes they didn’t previously pay.According to a Friday report from the Bloomberg news service, the decision was revealed via an internal memo from the federal authority and could result in the two daily fantasy sports behemoths becoming liable for millions of dollars in unpaid taxes and late payment fees....
According to a Friday report from the Bloomberg news service, the decision was revealed via an internal memo from the federal authority and could result in the two daily fantasy sports behemoths becoming liable for millions of dollars in unpaid taxes and late payment fees.”August content deals:As mentioned, the casino games development company has already scored a hat trick’s worth of new partnership deals this month, having most recently joined forces with white-label and gaming platform provider, The Mill Adventure, and entering the Estonian market for the first time with leading casino brand Betsafe earlier in August.For its part, 32Red UK General Manager, Neil Banbury, added…“Red Tiger is a tier one provider with a track-record of popularity among a wide variety of audiences....
The lawyer purportedly detailed that daily fantasy sports operators could furthermore be hit with late payment penalties for taxes they didn’t previously pay.UK presence:Commenting on the new partnership, Commercial Director for Red Tiger Gaming, Chris Looney said in a company press release…“We’re delighted to partner with 32Red, and look forward to entertaining its players with our favourite games and the new titles we have planned.Defective approach:Jason Robins, Chief Executive Officer for DraftKings Incorporated, reportedly used a Friday conference call with investors to proclaim that the IRS is ‘deeply flawed in its analysis’ of what actually constitutes a sportsbetting wager and that its latest stance will not be binding in court should...
Considerable consequences:Kate Lowenhar-Fisher from the Nevada law firm of Dickinson Wright reportedly told Bloomberg that such a state of affairs could be ‘potentially business-destroying’ in some jurisdictions as it would equate to a hefty 20% tax on revenues.Lowenhar-Fisher reportedly told the news service…“This is one of the most significant events in the evolution of sportsbetting in the United States that has happened in a long time.Lowenhar-Fisher reportedly told the news service…“This is one of the most significant events in the evolution of sportsbetting in the United States that has happened in a long time....
