MyLotto24, the UK arm of German online lottery brokerage Tipp24, has said that it expects the introduction of the UK’s Gambling (Licensing and Advertising) Act to significantly reduce its costs, as it will no longer be expected to pay duty on its non-UK operations.

The company said that when the new regulatory regime comes into force, it will cease to be liable for the payment of duty on gross gambling yield derived from business outside the UK.

Premium subscribers continue here to the full article.


GIQ Magazine Digital Edition