UK tax hikes prompt Evoke to scale back operations and cut jobs Summary Evoke plc, owner of William Hill and 888, said it will cut thousands of jobs and scale back UK investment after the government raised remote gaming duty and increased taxes on online sports betting. The new rates — remote gaming duty to […]
Kalshi’s legal disputes intensify with nationwide class action alleging illegal sports betting Summary Kalshi, a CFTC-regulated designated contract market (DCM), is facing intensified legal pressure after a nationwide federal class action filed in the Southern District of New York accused the firm of operating an unlicensed sportsbook. The suit alleges Kalshi and affiliated market-maker entities […]
Brazil will close 2025 as the world’s fifth-largest betting market Summary In its first year of formal regulation, Brazil is on track to finish 2025 as the world’s fifth-largest betting market, with estimated net revenue of USD 4.139 billion (around BRL 22 billion), according to Regulus Partners and reported by BBC Brasil. The regulatory framework […]
UK Gambling Operators Scramble to Respond to Sudden Tax Shock Summary Chancellor Rachel Reeves announced sharp increases to digital gambling taxes in the Autumn Budget, catching the industry off guard. The online casino duty will jump from 21% to 40% from next April, while the digital sports betting rate will rise from 15% to 25% […]
China Construction America and BML Settle over $1.6B Baha Mar Construction Summary China Construction America (CCA) and BML Properties Ltd have reached a comprehensive settlement that resolves a US$1.6 billion dispute over the construction of the Baha Mar resort in the Bahamas. CCA has not admitted wrongdoing. The settlement follows a New York judgement that […]
Kalshi resisting judge’s order to stop writing sports contracts in Nevada Summary KalshiEx LLC is refusing to comply with a U.S. district judge’s recent decision that dissolved a preliminary injunction which had allowed the company to offer yes-or-no sports event contracts to Nevada residents. Nevada gaming regulators view those event contracts as sports wagers that […]
H2GC: UK gambling tax hike will yield only half of Treasury’s expected windfall Summary H2 Gambling Capital (H2GC) finds the planned UK gambling tax rises will generate roughly £800m by FY28 — about half the Treasury/OBR’s headline forecast of £1.6bn (and significantly below the OBR’s behavioural-adjusted £1.1bn). H2GC’s analysis accounts for behavioural shifts: reduced player […]
South Africa Treasury proposes 20% tax on online gambling Summary The South Africa National Treasury has published a discussion paper proposing a 20% national tax on gross gaming revenue (GGR) for online and interactive gambling. The draft argues that online operators have not faced the same regulatory and tax scrutiny as land-based establishments, despite a […]
Immigrant advocates brace for more challenging U.S. citizenship requirements Summary immigration advocates in Las Vegas say a recent overhaul of the U.S. naturalisation process will make it harder for many green-card holders to become citizens. The changes — implemented under the current administration and set to roll out fully in the months after 20 October […]
DraftKings Pays Largest Online Casino Jackpot Worth $22.4M Summary DraftKings paid a $22.4 million jackpot on Thanksgiving to a Michigan player who won from a $0.20 wager on the slot Huff N’ Even More Puff. The payout is the largest single online casino jackpot paid in the United States, more than doubling an earlier record […]
