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BAD NEWS FOR BRIT GAMBLING GROUPS

Sunday  November 13, 2011 : HM Revenue and Customs wins a top European court decision that could see it clawing back GBP100 million in disputed Value Added Tax.
 
The legal triumphs of some British gambling groups fighting for the return of Value Added Tax (VAT) payments made to Her Majesty's Revenue and Customs could be short-lived following an appeal by the tax authority to a European court, reports The Guardian newspaper.
 
The disputes with the Brit taxman centred on litigation to reclaim millions in allegedly unfairly levied VAT that bingo hall and pub operators had paid. Domestic court decisions resulted in the taxman having to return the payments, boosting the coffers of the gaming companies.
 
Having been vindicated by the European Court of Justice on the slot questions, however, it now appears likely that HM's tax officials may be knocking at the door and demanding refunds of the refunds, probably in excess of GBP 100 million, the newspaper reports.
 
The Court issued a series of clarifications over the complex legal position on VAT for slot machine and bingo games following rulings in the British courts forcing rebate payouts to firms such as Rank Group, JD Wetherspoon, Gala Coral and Whitbread.
 
The companies had successfully argued that the UK authorities had taken an unfairly skewed approach to VAT, demanding it from some classes of gambling machine but not others. This, they claimed, was in breach of European rules on "fiscal neutrality".
 
Spokesmen for HM Revenue & Customs said the ECJ judgment had helpfully clarified the rules. "We are studying the judgment and will issue further advice once the potential implications have been identified," they told The Guardian.
 
In a more positive aspect of the litigation, the ECJ sided with bingo companies, finding that rebates of the order of GBP 254 million claimed by companies like Rank Group were justified. The news proved to be a fillip for Rank shares, which spiked upward 13p.



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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