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UPDATED: Guardia di Finanza Accuses a Malta-based gambling operator for unfaithful tax return

Niji Narayan

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Photo source: usaonlinecasino.com
Reading Time: 2 minutes

 

Guardia di Finanza, the financial police in Italy, has accused SKS365, the Malta-based gambling operator, for unfaithful tax return.

The fiscal probe conducted by the Guardia di Finanza law enforcement agency in the coastal city of Reggio Calabria concluded that SKS365 had failed to declare about 4 billion euros in taxable income between 2015 and 2016. Investigators said the company made the money by “carrying out gambling activities illegally in Italy.”

Ramphastos Investments acquired SKS365 for 158 million euros in August 2016 and November 2017. During the police sweep in 2018, the prosecutor’s office clarified that “no claims of responsibility” emerged against the company’s new owners.

SKS365 told that its current management has no links to the company’s previous activities and that it is now suing the company’s previous owners and seeking compensation.

Colonel Cesare Antuofermo, a Guardia di Finanza officer involved in the case, told that the legal entity liable for the tax offenses remains the same, even if the corporate structure — and its shareholders — have changed.

Antuofermo added that the latest allegations are “the largest ever tax evasion claim issued against an online gambling company in Italy.”

SKS365 will now have 60 days to make its case to the Italian Revenue Agency, which has taken over the tax evasion case from the Guardia di Finanza. The tax authority will then issue a notice that formally certifies the amount of taxes owed by SKS365 and the payment deadline.

In a statement, SKS365 told OCCRP it “reserves the right to take legal action aimed at protecting its interests and those of its investors. The company does not provide comments or specific information on its legal actions.”

LATER, SKS365 has sent a clarification notice to our press room which states the following:

Technical explanations

1) Firstly, it should be noted that the document issued by the Tax Police of Reggio Calabria (Guardia di Finanza, “GDF”) to SKS365 is a tax inspection report (Processo Verbale di Constatazione, “PVC”).

Pursuant to the Italian law, the PVC is a document issued by the Italian Tax Authorities at the conclusion of a tax inspection which summarizes the findings/potential violations (rilievi) found during the tax inspection.

In any case, the PVC (i) does not contain a definitive assessment of the potential tax violations described therein; and (ii) does not contain any payment obligation for the taxpayer – the taxpayer will not be forced to pay any amount until the final tax assessment is issued.

Within 60 days from the issuance of the PVC the taxpayer has the right to file a defensive brief (osservazioni al PVC) to the competent office of the Italian Tax Authorities (which varies depending on the specific tax involved).

After the issuance of the PVC, the competent office of the Italian Tax Authorities will evaluate whether the findings of the PVC by issuing the definitive tax assessment can be confirmed or not. Please note that should the competent office of the Italian Tax Authorities issue a tax assessment, it is obliged to specifically evaluate the content of the defensive brief filed by the taxpayer if any.

2) Secondly, it has to be pointed out that the expression “tax evasion”, reported by the press, is not coherent with the PVC and with the findings/potential violations therein contained.

Indeed, the GDF challenged to SKS365 the violation of unfaithful/incorrect tax return (infedele dichiarazione) mainly deriving from the alleged wrong allocation of taxable income between SKS365 (which is resident in Malta) and its Italian permanent establishment.

The GDF of Reggio Calabria is contesting a non-correct allocation of income between Italy and Malta.

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So How Does a No Deposit Bonus Work?

George Miller

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So How Does a No Deposit Bonus Work?
Reading Time: 3 minutes

 

All around the world, online and retail casinos design special bonus offers to attract new customers and grow their member base. One of the most common types of welcome bonuses is the matched deposit promotion available at many small deposit casinos. however, there are casinos that will grant you a certain signup bonus without any deposits. If you want to learn more about them and how they work stay tuned.

How Do You Qualify for a No Deposit Bonus?

In order to qualify for a no deposit bonus, you will have to complete the registration process and opt for the offer. Moreover, the signup process is similar among all the online casino real money with no deposit in Australia and it usually goes like this:

  • Filling in some personal details such as name, surname, DOB, address, etc.
  • Creating a username and password for your casino account
  • Opting for the no deposit bonus & entering a bonus code (if any)
  • Fulfill al the wagering requirements as well as T&C
  • Claiming the bonus and playing your favorite casino games

Types of No Deposit Bonuses

Generally speaking, there are a few types of no deposit offers and they could be divided into free play, free spins, and cash bonuses. The end goal is to provide a chance at getting some winnings for free. Nevertheless, each of these types of bonuses might have different wagering requirements.

Free Play No Deposit Bonus

With this kind of no deposit bonuses, the players will get some casino credits to play with, but over a limited period of time. Finally, once you are done playing, you will have to fulfill some requirements to be able to cash out.

Free Spins No Deposit Bonus

If you are a slots enthusiast you will love this one. These kinds of bonuses allow players to get free spins and use them to play slots and get some great winnings. Of course, the winnings could be withdrawn after some conditions have been met.

Cash No Deposit Bonuses

The name of this type of bonus says it all – the players will get a certain sum of money to spend on playing casino games. Once the playthrough requirements are met, you can get your bonus and winnings.

Wagering Requirements

With these kinds of bonuses, you will encounter different wagering or playthrough requirements. This means that once the player meets all the T&C, they will be able to cash out. In other words, you will have to wager a certain amount in order to be eligible for cashing out the bonus.

Game Restrictions

The casino operators providing no deposit bonuses will list all the games that can contribute towards the wagering requirements. This means that you cannot play the games that you want, but rather pick from the selected ones. Sometimes the games will have reduced contribution towards the wagering goal, but you will still be able to play it.

The timeframe on Wagering Requirements

Every bonus has an expiry date, and the same applies to the no deposit bonuses. The thing with this bonus types is that their wagering requirements timeframe is often really short. This means that you will have to meet the T&C within a certain period of time, and it usually goes from 1 day up to a month.

Maximum Bets

Casino players often have strategies when playing with their bonus funds. Sometimes it includes placing max bets or big wagers to meet the T&C fast enough, with the goal of getting some winnings from the promo. This is a great strategy unless the operator decides to limit the bet amount.

Required Deposit

Some of the online casinos will have some additional conditions for cashing out and withdrawing, such as the required depositing. This means that they will condition the player to make even a small deposit and add a payment method to be able to withdraw the money.

 

 

 

Author: Frankie Wilde is a content writer at various gambling sites. Also, he is a passionate traveller and a great cook. Frankie shares informative articles with the world.”

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Gambling in the USA

IGT Launches PeakBarTop Cabinet

Niji Narayan

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IGT Launches PeakBarTop Cabinet
Reading Time: < 1 minute

 

International Game Technology PLC (IGT) has launched its next-generation bartop hardware, the PeakBarTop cabinet.

Guests of Cache Creek Casino Resort in Brooks, Calif., Morongo Casino Resort & Spa in Cabazon, Calif., San Manuel Casino in Highland, Calif. and Golden Nugget Hotel & Casino in Las Vegas, Nev. can be among the first players in the world to experience IGT’s much-anticipated PeakBarTop cabinet.

“Launching the PeakBarTop builds on IGT’s decades of commanding leadership in video poker and positions us to transform the entire bartop market segment. It provides our customers with a compelling, technologically advanced cabinet for market-dominating IGT video poker games such as Game King, Super Star Poker and Ultimate X Poker, in addition to Proven Performer IGT slot games such as Scarab and Solar Disc,” Nick Khin, IGT’s Chief Operating Officer for Gaming, said.

“IGT customers can launch the PeakBarTop with confidence, knowing that it’s backed by the gaming industry’s most talented and experienced video poker product team and extensive focus group testing with players, operators and bar staff,” Nick Khin added.

The PeakBarTop cabinet includes a 23-inch curved, full-HD display, a front-mounted ticket printer and an embedded card reader. The PeakBarTop cabinet also includes features such as enhanced lighting and sound, a USB mobile device charging port, a play-level indicator for service staff, and embedded Bluetooth technology that enables operators to seamlessly integrate with IGT’s cashless gaming systems technology.

The PeakBarTop cabinet supports an expansive library of IGT game content. In addition to housing the most popular video poker titles of all time, the PeakBarTop portfolio offers new IGT video poker games such as Ultimate X Bonus Streak Poker, exciting Keno games such as Da Vinci Diamonds Keno, Proven Performer slot games such as Mistress of Egypt and a variety of roulette games.

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Eastern Europe

Authentic Gaming Signs Live Roulette Deal with FavBet

Niji Narayan

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Authentic Gaming Signs Live Roulette Deal with FavBet
Reading Time: < 1 minute

 

Online sportsbook operator FavBet has entered into a deal with the market-leading live roulette provider Authentic Gaming.

Under the deal, FavBet players will now be able to access highly entertaining live roulette titles streamed from Authentic Gaming’s modern ARENA Studio located in Malta. This includes 24/7 Roulette, Grand Roulette and the provider’s flagship Blaze Roulette variant.

The deal also includes Authentic Roulette, which allows players to sit down next to real players and wager at real tables located on the floors of real casinos around the world.

FavBet has also taken two branded auto-roulette tables, providing players with a bespoke live roulette offering that allows the operator to stand out from its rivals.

“We are delighted to have joined forces with FavBet and to be proving its players with the most authentic live roulette experience on the market. Blaze has proved to be hugely popular with players in markets all over the world, while our Authentic Roulette titles really do take players to the heart of the action taking place on the casino floor. We believe this will be a successful partnership for Authentic Gaming, FavBet and most importantly FavBet players,” Jonas Delin, CEO of Authentic Gaming, said.

“Live casino is becoming increasingly popular with our players, so we wanted to expand our offering with unique, quality live dealer content. Authentic Gaming is the absolute market leader when it comes to live roulette, and we are delighted to have integrated its full suite of games into our live dealer lobby,” Aleksey Tserkovnyi, Product director at FavBet, said.

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