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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.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.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....

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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.”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. The lawyer purportedly detailed that daily fantasy sports operators could furthermore be hit with late payment penalties for taxes they didn’t previously pay....

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”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.“Red Tiger is a tier one provider with a track-record of popularity among a wide variety of audiences.“Red Tiger is a tier one provider with a track-record of popularity among a wide variety of audiences....

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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. The domestic industry as a whole purportedly generated about ....

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