Broadway Gaming Lost an Appeal over £4.9 Million Tax Refund
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Broadway Gaming lost its appeal against HMRC over a £4.9 million ($6.39 million) gaming tax refund.
Broadway Gaming's claim concerning a gaming duty repayment from December 2014 to September 2017 was dismissed. The First-tier Tribunal ruled that Broadway Gaming provided insufficient evidence of expenditure. Broadway gaming claims that it is entitled to treat free plays as expenditure on prizes for calculating profit purposes.
Broadway Gaming lost an appeal over £4.9 million tax refund. Broadway Gaming's subsidiary company Saphalata Holdings Ltd acquired 888's B2C and B 2B bingo business for $ 54 million. 8 88 decided to sell its bingo business in order to focus on its casino activities and betting offerings. Itai Pazner, chief executive officer of 868, commented that the sale of its business would allow the company to concentrate more on the development of casino and betting products.
