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According to a Friday report from the Bloomberg news service, the decision was revealed via an internal memo from the federal authority and could result in the two daily fantasy sports behemoths becoming liable for millions of dollars in unpaid taxes and late payment fees.In the United States and prominent daily fantasy sports operators FanDuel Group and DraftKings Incorporated could reportedly be in trouble after the Internal Revenue Service (IRS) ruled that such firms are to be required to pay federal excise tax on their entry fees. This court star casino melbourne kaeqcase purportedly found that such entry fees were outside the definition of a sportsbetting wager although it had focused on season-long fantasy games rather than one-off contests....

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UK presence:Commenting on the new partnership, Commercial Director for Red Tiger Gaming, Chris Looney said in a company press release…“We’re delighted to partner with 32Red, and look forward to entertaining its players with our favourite games and the new titles we have planned.eveloper Red Tiger Gaming has put pen to paper for the third time this month, adding popular online casino brand 32Red to its growing list of partners.According to a Friday report from the Bloomberg news service, the decision was revealed via an internal memo from the federal authority and could result in the two daily fantasy sports behemoths becoming liable for millions of dollars in unpaid taxes and late payment fees....

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Significant sums:Bloomberg reported that American daily fantasy sports firms charge estar casino melbourne kaeqntry fees that subsequently allow punters to compete for cash prizes based on the performance of athletes in a virtual line-up. The domestic industry as a whole purportedly generated about .”Partnership perks:Red32 has also joined the supplier’s Daily Drop Jackpots Network, which allows it to offer the studio’s exciting daily and hourly jackpots to players....

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“We are excited by the opportunities this agreement presents and look forward to working alongside their team in the months to come.”August content deals:As mentioned, the casino games development company has already scored a hat trick’s worth of new partnership deals this month, having most recently joined forces with white-label and gaming platform provider, The Mill Adventure, and entering the Estonian market for the first time with leading casino brand Betsafe earlier in August.”Litigious lifeline:However, Bloomberg reported that the IRS’ latest stance on daily fantasy sports is at odds with the 2007 ruling from the United States District Court for the District of New Jersey in the matter of Humphrey v Viacom....