Offshore Gambling Operators to fall under Secondary UK Online Gambling Tax

There is a major discrepancy in the profits earned by the offshore and local ventures, thanks to the extremely lenient taxation rules that are levied on the offshore operators. Owing to such rules, offshore ventures have managed to cash in much more than their UK-based operators have been able to do. Currently, the offshore operators … Continue Reading

Panama Papers reveal George Soros’ deep money ties to secretive weapons, intel investment firm

The database links Soros Capital to Dongya Ports Limited, owned by a tangle of offshore entities. On May 9, client data stolen from the Mossack Fonseca law firm in Panama was published online by the ICIJ as part of its Offshore Leaks database. The searchable database contains a portion of the offshore financial records given … Continue Reading

Offshore Gambling Operators to fall under Secondary UK Online Gambling Tax

As a result of this, the government has decided to apply a secondary tax on all such offshore gambling ventures. In the recent turn of events, UK officials have decided to investigate the online gambling taxation scenario in the country and have declared that a commissioning body has already been formed for the same. There … Continue Reading

Deutsche Telekom and Centerbridge to bid for betting firm Tipico: sources | Reuters

XIO Group, a China-based buyout firm, is also expected to bid, while Czech lottery firm Sazka, which is owned by investors Emma Capital and KKCG, is unlikely to present a high offer, two other sources said. The planned offer may value Tipico at about 1 billion euros ($1.1 billion), or roughly 9 times its expected … Continue Reading

5 myths of sports betting legalization

This mirrors a similar concern that some had 25 years ago when Indian and commercial casinos began sprouting up all over the U.S. In that time span, we all know that Vegas has flourished. Illegal sports betting has some characteristics that can lead to problem gambling more than legal betting would. The thought process here … Continue Reading

Using Reverse Line Movement To Win

Keep a close eye on Canbet here, as that Australian sportsbook cracked the top five both years. The proper way to make a sports bet using reverse line movement is to place your bet as soon as there is an RLM of one full point (or 10 cents in MLB and NHL) off of the … Continue Reading