Online Betting Taxes Hit Australian Operators in 2019

A range of new betting taxes is set to hit the profits of online gambling operators in the Australian market in 2019, as New South Wales, Victoria, Western Australia and the Australian Capital Territory introduce their new ‘point-of-consumption’ taxes on January 1.   The new taxes will focus on digital gambling losses where a bet is placed, rather than the location …

Macau Casinos Thrived in 2018

Gambling is thriving in the Chinese territory of Macau, according to the latest figures, which show a significant rise in revenue in 2018. Revenue grew by 14 percent in 2018, marking a second successive year of growth, as Macau continues to recover from a slump.   Figures released on Tuesday by the Gaming Inspection and Coordination Bureau showed …

Ball Street Launches Sport Prediction Market

A new sports betting market has been launched in the US, which offers players the chance to trade live sporting events.   On Friday, BallStreet Trading unveiled its real time prediction market, that is being billed as a peer-to-peer marketplace, set up on a tournament basis, thereby eliminating the traditional house versus punter model in favour of a trader versus trader approach.   …