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In the Philippines and President Rodrigo Duterte (pictured) has reportedly signed a piece of legislation into law that has been designed to more than double the amount of tax collected from domestic holders of an offshore gaming license.Serious sanctions:This new franchise tax is to be applied to the higher of either a local iGaming operator’s monthly gross turnover or a pre-arranged revenue minimum. Kevin Hall serves as Executive Director for the Virginia Lottery and he purportedly told Richmond-based WWBT-TV that the new policies moreover explicitly prohibit wagering on collegiate contests featuring teams from ‘The Old Dominion State’ as well as any sporting event where participants are under the age of 18....

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The source detailed that the revised structure has been designed to bring in more cash so as to help fill an estimated .According to a Tuesday report from local television broadcaster WWBT-TV, the governor-appointed panel authorized the jurisdiction’s first-ever rules on sportsbetting yesterday after responding to feedback from several prominent operators and is now hopeful of being able to kick off the required licensing process from sometime next month.”...

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In the Philippines and President Rodrigo Duterte (pictured) has reportedly signed a piece of legislation into law that has been designed to more than double the amount of tax collected from domestic holders of an offshore gaming license.Hall reportedly declared…“Creating a regulatory structure for sportsbetting within the aggressive timeline that was mandated by the legislature consumed a lot of bandwidth over the summer and today’s Virginia Lottery Board action represents a really significant step forward.Serious sanctions:This new franchise tax is to be applied to the higher of either a local iGaming operator’s monthly gross turnover or a pre-arranged revenue minimum....

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The source detailed that the revised structure has been designed to bring in more cash so as to help fill an estimated .Hall reportedly declared…“Creating a regulatory structure for sportsbetting within the aggressive timeline that was mandated by the legislature consumed a lot of bandwidth over the summer and today’s Virginia Lottery Board action represents a really significant step forward.Legislative license:Both houses of the Virginia General Assembly comfortably passed legislation to legalize sportsbetting earlier this year before reportedly tasking the Virginia Lottery Board with formulating a detailed set of rules to regulate how the growing industry is to be operated....