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The new Golden Genie game was launched in early July and includes an Arabian genie theme.Robins reportedly declared…“Our position continues to be, which we believe has been reaffirmed through state legislatures and courts throughout the country, that daily fantasy sports is not wagering. We believe that the arguments at the federal level are incredibly strong....
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.Lowenhar-Fisher reportedly told the news service…“This is one of the most significant events in the evolution of sportsbetting in the United States that has happened in a long time.Check out both of these titles today as well as additional content created by Nolimit City....
Players are taken to the Arabian Desert and plenty of extra features can be found while spinning including the Genie Wilds and Genie Wishes.Nolimit City Product Owner Per Lindheimer commented on the new game by stating: “Classic fruits are Immortal in our world and partnering up with a classic fortune wheel on the dance floor; we hope the players enjoy Immortal Fruits with a fresh retro-vibe chasing those lucrative Jackpots.”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....
” This court case purportedly found that such entry fees were outside the definition of a sportsbetting wager although it had focused on season-long fantasy games rather than one-off contests.Lowenhar-Fisher reportedly told the news service…“This is one of the most significant events in the evolution of sportsbetting in the United States that has happened in a long time....
The lawyer purportedly detailed that daily fantasy sports operators could furthermore be hit with late payment penalties for taxes they didn’t previously pay.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. We believe that the arguments at the federal level are incredibly strong....
