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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.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.For its part, 32Red UK General Manager, Neil Banbury, added…“Red Tiger is a tier one provider with a track-record of popularity among a wide variety of audiences....

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“We are excited by the opportunities this agreement presents and look forward to working alongside their team in the months to come.2 billion in such duties in 2018 alongside around 5 million in total revenues. We have no doubt its games will be well received by our players....

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The domestic industry as a whole purportedly generated about .“Red Tiger is a tier one provider with a track-record of popularity among a wide variety of audiences. 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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