Brazil: More tax developments, as Defence Ministry pushes for a piece of the pie
Senator Eduardo Braga plans to raise the betting tax gradually, reaching 18% by 2028.
Senator Eduardo Braga plans to raise the betting tax gradually, reaching 18% by 2028.
The operator formed a multi-year partnership with the Kansas City Royals MLB franchise to gain market access in Missouri but was still under review for a sports betting license from the MGC.
Horseracing did not see an increase in betting duty, despite other sectors seeing taxes almost double. But will the knock-on effects from operators end up hurting horseracing anyway?
Not every gambling industry sector was treated equally when it came to the UK Autumn Budget earlier today.
Two municipalities in Brazil are defying sector limits as they plan to expand their operations.
The football player highlighted that gambling should be seen as entertainment and not an investment in a new campaign with Blaze.
The share prices of many major UK gambling companies, including Entain, Flutter, Rank Group and Playtech, have trended upwards following the Chancellor's address.
Miami International Holdings has announced the sale of 90% of its MIAX Derivatives Exchange to Robinhood Markets in partnership with SIG, while retaining a 10% stake.
The decision, which passed with only one dissenting vote, came after an initial application requested approval for a roulette-themed game.
Rachel Reeves delivered the Budget statement to Parliament this afternoon, with gambling tax reforms estimated to raise £1.1bn ($1.45bn) by 2029/30.