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The current World Series of Poker champion Peter Eastgate (22) apparently stands to lose much of his $9.1 million first prize to Denmark's taxman, according to the well informed poker writer Thomas Somach on Poker  
As a resident of Denmark - a bastion of socialism-offering its citizens everything from free health care to free college education, and a consequently heavy tax regime - Eastgate is liable to pay 45 percent on the first $4 million he won, and an even higher 75 percent on the rest. That will only leave him with something like $2.5 million. Pokerstars
Eastgate has been looking for alternatives, according to newspapers following the story. During the enforced 117 day hiatus between making the final table and the start of the final table action, the forward thinking Eastgate apparently explored the possibilities of moving to the UK, where the British taxman levies a more acceptable flat 40 percent tax on winnings. That would improve Eastgate's takings considerably to $5.5 million, assuming the Danish tax authorities let him go with his winnings intact.
However, Somach observes, the young professional could do even better in Monaco, where there is no income tax at all for citizens.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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