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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.”The exciting MegaWays engine, which is under license from Big Time Gaming, creates added functionality and a variety of ways to win on every spin.Considerable consequences:Kate Lowenhar-Fisher from the Nevada law firm of Dickinson Wright reportedly told Bloomberg that such a state of affairs could be ‘potentially business-destroying’ in some jurisdictions as it would equate to a hefty 20% tax on revenues....
The lawyer purportedly detailed that daily fantasy sports operators could furthermore be hit with late payment penalties for taxes they didn’t previously pay.Under the terms of the deal, the NetEnt subsidiary will supply the UK-facing operator with its entire HTML5 catalog, including classics such as Dynamite Riches and Piggy Riches MegaWays, as well as Gonzo’s Quest MegaWays.“We are excited by the opportunities this agreement presents and look forward to working alongside their team in the months to come....
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