Following months of negotiations, the government of Colombia will apply a new formula to calculate VAT charges on gambling licences.  Announced on 31 December by Fecoljuegos, Colombia’s online gambling trade body, the  government has undertaken a fiscal correction, confirming that Value Added Tax (VAT) on online betting will now be calculated on Gross Gaming Revenue …

GG.BET has become the latest bookmaker to opt out of the UK, and although its exact motive has not been revealed, the timing does stand out. A statement posted on the company’s UK domain revealed that it is winding down operations under its UK Gambling Commission (UKGC) licence. GG.BET will complete its platform shutdown by …