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Milos Markovic

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New Irish Gambling Act 2015 In Force From August

[caption id="attachment_1017" align="alignright" width="300"] With the tax and licensing fee money, the country will see additional yearly revenues of around €25 million[/caption] After over three years of delays, the new Gambling Act 2015 has finally been introduced in Ireland. It was proposed earlier this year and it has finally been signed by the country’s president. The new set of rules introduced in the amendment bill will define the conditions under which online gambling in Ireland ...

Milos Markovic

News

IRS to Reduce The Threshold on Winnings Reporting

[caption id="attachment_919" align="alignright" width="300"] For every $600 won players will have to fill in a tax form[/caption] The IRS have made a proposal to lower the threshold for winnings on slots, bingo and keno that are supposed to be report for taxation. Current threshold of $1200 is suggested to be reduced to half the amount, that is to say, $600. American Gaming Association, together with the land casino companies on US territory openly oppose to this proposal. Reducing the Winni...

Tag: regulation

New Irish Gambling Act 2015 In Force From August

IRS to Reduce The Threshold on Winnings Reporting