Monthly Archives: April 2020

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HMRC FOBT VAT appeal dismissed

The Upper Tribunal has dismissed HMRC’s appeal relating to the VAT treatment of fixed odds betting terminals (FOBTs) and could lead to VAT refunds for the UK’s bookmakers.

By |2020-04-16T12:24:19+01:00April 16th, 2020|Uncategorised|Comments Off on HMRC FOBT VAT appeal dismissed

Betting does its bit

The betting shops might be closed and the sporting calendar lies bare but betting firms have been doing their bit in the efforts to combat the pandemic.

By |2020-04-13T13:33:29+01:00April 13th, 2020|Uncategorised|Comments Off on Betting does its bit

60% of global gambling restricted by virus

Gambling activities account for 60% of global gambling revenues have been subject to restriction or shutdown since the start of 2020, as part of measures to halt the spread of the COVID-19 virus.

By |2020-05-04T15:54:24+01:00April 9th, 2020|Uncategorised|Comments Off on 60% of global gambling restricted by virus

Naga issues upbeat update

Cambodian casino operator NagaCorp has issued an upbeat statement amidst all the gloomy news for the global casino sector. NagaCorp made the statement after the government required casinos to close their doors from 1 April 2020 until further notice.

By |2020-04-02T16:57:10+01:00April 2nd, 2020|Uncategorised|Comments Off on Naga issues upbeat update

Macau revenues down 60% in Q1

Macau’s gaming revenues have fallen by 60% in the first quarter of 2020, as travel restrictions and quarantine lockdowns continue to be imposed in the region to combat the COVID-19 virus.

By |2020-04-01T10:59:56+01:00April 1st, 2020|Uncategorised|Comments Off on Macau revenues down 60% in Q1