CIDE-Bets push intensifies in Brazil
Brazil's industry forum is reinforcing its call to advance the 15% CIDE-Bets tax amid rising betting activity.
3 min read • Nov 20 • By
Layla Victoria
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GR8_TECH
Bally’s Intralot
Galaxsys
GammaPlus
1spin4win
BetConstruct
Makeberry Affiliates
Euro Games Technology
N1 Partners
SPAYZ.io
Vegangster
OMNIPLAY
SmartSoft
bet365 Partners
GammaStack
DATA.BET
GammaSweep
ONLYPLAY
ReferOn
AMATIC Online
JDB Gaming
Global Gaming Awards
Titans
Z-Gaming
Imagine Live
DYG
Logifuture
Linebet
Brazil's industry forum is reinforcing its call to advance the 15% CIDE-Bets tax amid rising betting activity.
The program aims to improve officers' understanding on how illegal 'route' gambling machines work.
Following significant AML and social responsibility failings, the operator will have to undergo an independent audit on top of the fine.
Legal proceedings conclude after years of investigation into a large-scale scam centre.
The UK Government has introduced a voluntary code of conduct for prize draw operators, setting out new standards for player protection and transparency across the gambling sector.
Former Prime Minister Gordon Brown has called on MPs to examine whether betting operators are using offshore structures to reduce their UK tax liabilities.
RWA warns of growing consumer harm as unregulated sites expand rapidly.
Assembly Bill 601 would configure a 'hub and spoke' model similar to that of Florida, where Tribes oversee online sports betting in Wisconsin and receive a share of revenue from operators.
The Board revoked establishment and individual principal licenses and ceased operations for Mann & Sidhu, which operate VGTs at Bald Eagle Truck Stop in McElhattan, Pennsylvania.
The proposal would have seen the tax rate on operators' GGR rise to 18%, which would have a 'considerable impact' on the tax burden of companies licensed to operate throughout Brazil.