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UK POC TAX GOOD FOR MYLOTTO24 LTD
Wednesday October 15,2014 : UK POC TAX GOOD FOR MYLOTTO24 LTD
No longer bound by duties on business derived outside of the UK from December 1, 2014
Tipp24 SE’s London-based MyLotto24 Limited is expecting a significant reduction in expenses when the UK Gambling (Licensing and Advertising) Bill and the ensuing place of consumption (POC) tax comes into force later this year.
The company said its MyLotto24 will no longer be bound by duty on its gross gambling yield derived from business outside of the United Kingdom as of December 1, 2014.
Had the new rules already applied to the gross gambling yield of the past four quarters, consolidated direct costs of operation would have been reduced by Euro 15.5 million with a corresponding positive effect on the EBIT, the company said.
Financial analysts consider a saving of Euro 20 million in 2015 entirely possible as the company’s share price leapt almost 30 percent this week.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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