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Sportech awaiting VAT case Ruling
Saturday May 3,2014 : SPORTECH AWAITS TAX RULING
Government appeal in respect of GBP 95 million VAT case has now been heard.
UK gambling group Sportech will have to wait until summer for the latest, and hopefully final, decision on its long-running tax dispute with Her Majesty's Revenue and Customs following the completion of appeal hearings on the GBP 95 million case this week.
The Value Added Tax issue based on Sportech's "Spot the Ball" game was heard on appeal by the Upper Tax Tribunal after HMRC was granted permission to appeal against the decision of the First Tier Tax Tribunal.
The claim, for approximately GBP 95 million including simple interest, was successfully determined in the Sportech's favour by the FTT in March 2013. Sportech Management has advised that the claim has not been recognised in the Group's latest financial statements.
The decision of the Upper Tribunal is expected later this summer.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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