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In the United States and prominent daily fantasy sports operators FanDuel Group and DraftKings Incorporated could reportedly be in trouble after the Internal Revenue Service (IRS) ruled that such firms are to be required to pay federal excise tax on their entry fees.Considerable consequences:Kate Lowenhar-Fisher from the Nevada law firm of Dickinson Wright reportedly told Bloomberg that such a state of affairs could be ‘potentially business-destroying’ in some jurisdictions as it would equate to a hefty 20% tax on revenues.One of the most played slots on the market, the original Gonzo’s Quest based on the Spanish conquistador Gonzalo Pizarro y Alonso was released by NetEnt in 2013 and features its unique trademarked avalanche game engine....


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This court stardust cas ino inc nplwcase purportedly found that such entry fees were outside the definition of a sportsbetting wager although it had focused on season-long fantasy games rather than one-off contests.2 billion in such duties in 2018 alongside around 5 million in total revenues.UK presence:Commenting on the new partnership, Commercial Director for Red Tiger Gaming, Chris Looney said in a company press release…“We’re delighted to partner with 32Red, and look forward to entertaining its players with our favourite games and the new titles we have planned....


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The lawyer purportedly detailed that daily fantasy sports operators could furthermore be hit with late payment penalties for taxes they didn’t previously pay.Significant sums:Bloomberg reported that American daily fantasy sports firms charge estardust cas ino inc nplwntry fees that subsequently allow punters to compete for cash prizes based on the performance of athletes in a virtual line-up.Significant sums:Bloomberg reported that American daily fantasy sports firms charge estardust cas ino inc nplwntry fees that subsequently allow punters to compete for cash prizes based on the performance of athletes in a virtual line-up....


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