Daily news

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    The UK Competitions and Markets Authority (CMA) has announced that it will make a decision on the proposed merger of Ladbrokes and Gala Coral by June 24, after opting to proceed with a ‘fast track’ investigation of the agreement.

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    Dutch coalition MPs have called for the introduction of a uniform tax for gambling activities, stating online gaming should face the same rates of tax as the land-based sector when it is legalised in the country.

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    Newham Council has resubmitted proposals to cut the maximum stake on fixed odds betting terminals (FOBTs).

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    The UK Competition and Markets Authority (CMA) has given its clearance to the proposed merger between Betfair and Paddy Power.

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    The UK Competition and Markets Authority (CMA) has said that it may carry out a ‘fast track’ investigation of the proposed merger between rival bookmakers Ladbrokes and Gala Coral.

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    Italian authorities have announced that they are to introduce new tax rules for online sports betting operators in the country, confirming that companies will now pay a 22% tax on betting revenue.

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    The Australian Bureau of Statistics (ABS) has revealed that the operators active in the country’s gambling market experienced a record level of betting activity during the 12 months through to September 30.

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    Ladbrokes said it is to consider its options after losing out in a tax avoidance case worth £53 million (€76.1 million/$80.6 million) against UK tax authority Her Majesty’s Revenue and Customs (HMRC).

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    The Czech Republic looks set to raise tax on gambling winnings after lawmakers in the country’s lower house gave their initial approval to a bill that would allow for an increase.

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    The Australian Transaction Reports and Analysts Centre (Austrac), the country’s anti-money laundering agency, has filed a civil court action against Tabcorp after accusing the gambling operator of failing to take sufficient precaution against money laundering and terrorism financing activities.

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    The High Court of England and Wales has ruled the UK’s point of consumption (POC) tax regime must be referred to the European Court of Justice (CJEU).

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    Boylesports has failed in its effort to secure details about the Ladbrokes Ireland business, an operation that the Irish independent bookmaker has declared its interest in acquiring.

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    UK Chancellor George Osborne used his 2015 Budget announcement to unveil plans for the introduction of a new Racing Right under which bookmakers will pay for the right to accept bets on British racing.

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    Scottish Labour leader Jim Murphy has become the latest high-profile politician to speak out in support of reducing the maximum stake on fixed-odds betting terminals (FOBTs) in the UK.

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    Czech Republic Finance Minister Andrej Babis has reportedly urged the country to increase taxes on betting companies from 2016 in a move that would almost double the amount it takes from the gambling industry.

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    A group of 93 local councils in England has petitioned the UK Government to cut the maximum stakes on fixed-odds betting terminals (FOBTs) from £100 (€126/$157) to £2.

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    The Court of Justice of the European Union (CJEU) has issued a ruling that confirms the differentiated Danish tax regime for online gambling in the country.

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    Shareholders and creditors of Spanish and Latin American focused gambling operator Codere have reached an agreement on a €1.1 billion ($1.4 billion) debt restructuring that will allow bondholders to take control of the company.

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    Gareth Davis, chairman of bookmaker William Hill, has issued a warning on the amount of state intervention in Great Britain, despite the improving health of the country’s economy.

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    Stars in their eyes

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