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Nigeria Announces Automated VAT Collection Process on Lottery and Gaming Activities
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The Federal Government in Nigeria has unveiled an automation collection process that would be used to charge Value Added Tax (VAT) on lottery and gaming activities.
The forum, organised by the Federal Inland Revenue Service (FIRS) in conjunction with the National Regulatory Commission (NLRC), had the FIRS Chairman, Tunde Fowler, assure the sector operators that every concern would be addressed and transparently.
“This is not a tax on the business, but on a bettor, who hopes to win. You also have to realise that 85% of VAT goes to the state, which are supposed to be closer to us. In this case, we are all winners.” Also at the event were the Director-General of NLRC, Lanre Gbajabiamila; the representatives of the Senate Committee Chairman on Sports; the Chairman, House Committee on Governmental Affairs; and industry operators.
Speaking at the session, Gbajabiamila stated that lottery and gaming operators collect VAT from users of the industry’s services without remitting such to the government, a situation that results in revenue losses. He also noted that betting slips issued to consumers do not indicate VAT as they should.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Nigeria Announces Automated VAT Collection Process on Lottery and Gaming Activities
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GGPoker Announces The Return of Flip & Go Millionaire With $1M Guaranteed Prize Pool
GGPoker, the World’s Biggest Poker Room, is excited to announce the return of its hugely popular Flip & Go Millionaire tournament. Running from November 1 through November 11, this thrilling event offers players the chance to win a share of $1,000,000 guaranteed—all for a low $11 buy-in!
For the third consecutive year, GGPoker’s Flip & Go Millionaire series promises to deliver fast-paced action and a unique tournament format that has captivated players around the world. The Flip & Go format, which lets players “skip the grind” and jump directly into the most exciting stages of the game, has grown in popularity with both recreational and seasoned players alike.
“Flip & Go Millionaire has quickly become a favorite event in the GGPoker calendar,” said Sarne Lightman, Managing Director of GGPoker. “The beauty of this format is that it offers the perfect mix of luck and skill, allowing everyone a shot at life-changing money in no time at all. The fact that we’re hosting it for the third year in a row speaks volumes about how much our players love it.”
The tournament format is simple but thrilling:
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Flip Stage: After registration ends, players go all-in immediately, with each player receiving three hole cards and discarding one before the hand plays out. Win the flip, and you’re on your way!
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Go Stage: Players who advance past the Flip Stage are immediately in the money and continue playing in a standard No-Limit Hold’em structure until a winner is crowned.
With hourly Flip Stages running every day up until November 11, and the Go Stage set for 19:00 UTC on November 11, players will have plenty of opportunities to secure their spot and chase their share of the $1,000,000 prize pool.
For those looking to satellite their way into the event, qualifiers start as low as $0.11, making Flip & Go Millionaire accessible to every player.
Don’t miss your chance to get in on the action! Register now and flip your way to a share of a million.
The post GGPoker Announces The Return of Flip & Go Millionaire With $1M Guaranteed Prize Pool appeared first on European Gaming Industry News.
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ZITRO LAUNCHES LEGENDARY SWORD
Zitro is proud to announce the launch of its latest slot game, Legendary Sword. This captivating 3×5 multigame features a 4-level jackpot link, inviting players to step into the roles of valiant knights on a quest for glory. Within this fantastical realm, players can harness the power of “Honor,” which multiplies rewards, while “Glory” grants extra lives. The mystical “Magic Sword” doubles any Link symbol that lands on the boosted column. Players can activate —by mystery—one or a combination of these features, discovering up to seven different Bonus Links.
Legendary Sword enhances the gameplay experience with its innovative 3-level Link Evolution, introducing unique twists to the action. As players embark on their adventure, they will encounter a bonus round featuring 6×5 reels, where the top three rows gradually unlock with 8, 14, or 30 link symbols, significantly enhancing the potential for big wins. With just 15 link symbols, players can trigger a jackpot wheel and spin it to win the MEGA or, even better, the GRAND MEGA jackpots. A single symbol can also secure the Minor or Mini jackpots during the bonus link.
With its blend of engaging game mechanics and visually stunning graphics, Legendary Sword promises that every spin will be a legendary experience. Prepare to wield Excalibur and achieve Glory with Honor!
The post ZITRO LAUNCHES LEGENDARY SWORD appeared first on European Gaming Industry News.
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Unmasking Spinmatic’s latest game: 9 Masks of Voodoo
Spinmatic, B2B developer and supplier of outstanding casino games, is excited to announce the release of its latest game, 9 Masks of Voodoo. Set deep within the Caribbean jungles, this game offers players a captivating experience filled with mystery, ancient magic, and the promise of legendary treasures. Guided by the enigmatic high priestess of a mysterious Voodoo cult, 9 Masks of Voodoo plunges players into a mystical world where powerful spirits and hidden riches await those daring enough to explore the depths of the jungle.
9 Masks of Voodoo features a straightforward 5×3 reel setup with 20 fixed paylines, making it accessible to a wide range of players. However, beneath its simplicity lies an exciting and dynamic gaming experience, driven by the collection of mystical Voodoo masks. With an innovative Scatter pay’s feature, players will get automatic rewards when obtaining three to nine masks on any reels. The more masks, the rewards get bigger and better!
Players can trigger the Mini Jackpot with seven masks, unlock the Midi Jackpot with eight, and claim the Maxi Jackpot the top prize up to 176,000 Euros by landing all nine masks.
Adding to the thrill, the game offers a Free Spins with Multiplier round, activated when players land Free Spin Scatter symbols on reels 1, 3, and 5. A double spin wheel then determines the number of Free Spins (ranging from 5 to 30) and the multiplier (ranging from x2 to x5) applied to their winnings. During Free Spins, the Voodoo masks continue to pay out without being affected by the multipliers, making every spin potentially rewarding.
Visually, 9 Masks of Voodoo immerses players in a richly detailed environment that enhances the overall gaming experience. The reels are bathed in an eerie glow, with symbols pulsing with the magic of the Voodoo theme. The backdrop blends mystery and allure, featuring a stone hut with a bubbling cauldron and a starry night sky. creating a setting where the line between reality and magic blurs.
The post Unmasking Spinmatic’s latest game: 9 Masks of Voodoo appeared first on European Gaming Industry News.
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