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The situation is very slow in Colombia
The public sector has become a crucial player in the behavior of GDP. The question is whether it is sustainable to grow at the expense of public spending amid a fiscal squeeze that the current government has not known how to control and that only demonstrates improvisation and poor economic management.     A report prepared by Anif ( national merchants association ) recorded that the execution of the investment item reached 9.1%, according to data from the Economic Transparency portal of the Treasury portfolio itself. Which means that of every $100 approved in the document, only $37 was paid for Government obligations. It would be expected that now, with a scenario where interest rates begin to fall and with a favorable tax reform for companies, where the private sector would take the reins of growth.   There are already some signs in that sense. According to calculations by the Financial Superintendency, the country has had real negative growth in the commercial portfolio for months and, now, for the first time, it is approaching 0% growth, which shows an upward trend.   The low growth of the portfolio continues to deepen (+0.9%), which since December has grown at less than 3% annually, a past due portfolio that continues to advance, although it slowed its growth rate to 16.3%, after growing on average 34% since February 2023 and a lower profitability when compared to the same period of the previous year, reaching 6.3%. However, although there is a change in the trend, it is still not enough for the country to make leaps in its competitiveness and productivity; in advancing and consolidating the diversification of its productive apparatus and its exports; as well as making progress in the fight against poverty and reducing business and labor informality.   In the same way, the Government must cut spending and better target subsidies, while advancing structural reforms such as pension and labor reforms; What is true is that the economic outlook is reflected in our casinos and halls, where collections remain very stable.   Remember that casinos do not have access to bank credit and the presence of Coljuegos is zero in support, we will have to overcome all of this alone with the help of industry suppliers.  
The world championship that has more views than the Superbowl final and that moves bets on the rise.
Participants are competing across 21 games in 22 different contests, and it has brought together 30 eSports organizations from Europe, North America, Asia, South America and the Middle East. The prize money for the biggest event in the eSports industry is being split between a number of categories including the Club Championship, individual Game Championship, Qualifiers and MVP Awards. Players are competing on games such as Counter-Strike 2, Overwatch 2, Apex Legends, Fortnite and Street Fighter 6.   Dota 2 – The Riyadh Masters The largest prize pool, $5 million, is available through the Riyadh Masters and it requires players to compete on Dota 2. It is an action multiplayer online battle arena game that features two teams of five. Each team can choose from more than 120 avatars and they compete to destroy each other’s Ancient.   The tournament at the eSports World Cup will feature 28 teams and three stages over a two-week period. The Group Stage is currently taking place and the tournament will run until Sunday, 28 July.   It is a favorite of eSports players with the Dota Pro Circuit and The International tournaments offering prize pools of more than $40 million. The Riyadh Masters playoffs are currently taking place and the Grand Final is scheduled for Sunday, 21 July.   PUBG Mobile – Competing for $3 Million   PUBG Mobile is a free-to-play battle royale game that was developed by LightSpeed & Quantum Studio and PUBG Studios. It was released in 2018 and since then, the mobile adaptation of PUBG: Battlegrounds has been downloaded more than 1.3 billion times.
New Jersey won't see its new gambling tax proposal until 2025.
New Jersey Senator John McKeon proposed a bill in March 2024 that would include a tax hike on New Jersey online casinos and sportsbooks to 30%. However, it won’t be part of the 2024 fiscal year budget proposal.   Online casinos in New Jersey are currently taxed 15%, while sportsbooks are taxed at 13% The proposed bill has been delayed until at least the fall, when the next session begins. Online casinos in New Jersey are taxed at 15%, and sportsbooks are at 13%. An increase to 30% might entice some operators to leave the state.   According to Senate Bill 3064, taxes would be paid into the Casino Revenue Fund and an additional tax of 1.25% would be remitted by the State Treasurer to the Casino Reinvestment Development Authority for marketing and promotion of Atlantic City.   New Jersey launched online casino play in 2013, five years before the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA). Taxes will stay the same in 2024, but they could change next year.   Nearby states Massachusetts, New York, Ohio, and Pennsylvania all have higher tax rates. Pennsylvania has a 54% tax on slots and 16% on table games. New York sports betting has a 51% tax rate as well.   Massachusetts nearly increased its tax rate from 20% to 51% Massachusetts Sen. John F. Keenan (D-Norfolk/Plymouth) proposed an amendment to the Senate’s FY 2025 state budget to increase the online sports betting tax rate from 20% to 51%, a 155% increase.   Nonetheless, Keenan’s amendment was roundly rejected by his Senate colleagues. The proposed tax rate would have put the commonwealth in line with New York.   Additionally, Ohio has doubled its tax rate from 10% to 20% over the last fiscal year. Despite the higher taxes, both New York and Pennsylvania are still two of the highest-earning states in gambling revenue.   New Jersey could join the two aforementioned states next with a 30% tax increase. As of June 2024, the state has generated nearly $1.2 billion in revenue and is set to surpass the $1.9 billion set in 2023.   In March 2024, the Garden State’s sports betting handle reached $1.33 billion. It was the fourth-highest amount since sports betting was legalized. It was also a 29.6% year-over-year increase from the $1.03 billion in total bets placed in March 2023.
Italia: Online gaming announcement, technical rules stand still in the Eu Commission until October 18th.
The quarterly stand still of the Technical Rules, which establish the new criteria for operating in the online gaming sector in Italy through the next concessions which will be announced at the beginning of 2025 will expire in October, the 18th. The technical rules were filed by the Italian Ministry on July, the 17th, to the attention of the European Commission and the other Member States, who may present any objections.   The notification published on the European Commission website states: "The draft of technical rules contains the technical specifications that describe the performances and functions, as well as the technical requirements that the concessionaire must guarantee for the operation and remote collection of public games.   The first part describes the concessionaire's obligations necessary to be able to offer gaming; in particular, chapter 1 and paragraph 1.1 focus on these aspects, while paragraph 1.2 sets out the contents of the technical report of the telematic infrastructure. Chapter 2 outlines the exchange of information between the concessionaire's system and the centralized system, chapter 3 contains the rules for the compliance technical verification.   The second part illustrates the minimum technical requirements: in particular, chapter 4 outlines the IT structure of the concessionaire and the characteristics that the related telematic system must have, which is divided into a plurality of subsets such as: the gaming system(s), responsible for the provision of gaming services, the system for presenting the gaming offer (website and/or app), the gaming account system, the accounting system for setting the amounts due, according to current legislation, the monitoring and control system, also in automatic mode, of the hardware and software infrastructure, which allows the correct functioning of all components, the telematic connection network for the transport of information.   It has been decided that the resources necessary for the creation of the concessionaire's system infrastructure must stay within the territory of the European Economic Area, even if created with cloud computing solutions.   Specific provisions are then set to ensure the maximum guarantees in terms of capacity, availability, scalability, performance, security and monitorability, also in terms of privacy of player data. Specific provisions and measures are also set to guarantee the exercise of supervisory and control action by the Agency.   Particular importance was given to specific means (self-limitations, self-exclusions, blocking) to prevent pathological gambling. All the operational infrastructures are then identified in their different declinations: chapter 5 represents the gaming system, the following chapter 6 the gaming platform, chapter 7 the gaming applications, chapter 8 the gaming acceptance system.   Chapter 9 is dedicated to the concessionaire who is a service provider for other concessionaires.   In these cases, if a service provider concessionaire makes its gaming systems available to other concessionaires, these must be physically or logically separated, where possible based on the type of game. It must always be possible to isolate the data that ca be referred to each concessionaire. Chapter 10 concerns the system of presentation of the gaming offer, depending on whether it is developed on a website or in applications and the related technical characteristics. Chapter 11 concerns the telematic connection network for the transport of information and chapter 12 the gaming account system. In this last regard, we highlight the peculiar regulation aimed at preventing compulsive gaming, especially for players aged between 18 and 24, in terms of spending and time limits, as well as accurate recording of all operations carried out.   Pursuant to article 6, paragraph 5, of the legislative decree of 25 March 2024, n. 41, the Agenzia delle Dogane e dei Monopoli, in compliance with the regulatory principles established by article 3 of the same decree and the principles emerging from the European legal system, must issue, following the outcome of a public tender, the concession for the operation and the remote collection of one or more of the public games provided for in Article 6, paragraph 3 of the same legislative decree, by virtue of which the operation and remote collection of public games are permitted to subjects in possession of the requirements and who assume the obligations referred to in paragraph 5, to which the Agency, following specific public tender procedures announced in compliance with national and Eu provisions, assigns the concession for a maximum duration of nine years, with the exclusion of renewal.   Currently, the remote operation and collection of games is entrusted to n. 89 companies, the concessions of which are being extended until 31 December 2024. The legislative decree imposes some requirements and conditions for the subjects who must manage remote gaming and provides a series of technical indications regarding the IT systems, which made it necessary to adopt the draft technical rules subject to the information procedure".   As anticipated by, the tender won't therefore move on to the next phase at least before the end of October, even in the best-case scenario. Even considering a quick response from Palazzo Spada, where it is reasonable to expect that the opinion cannot arrive beyond the next three months, the European process remains to be respected. Although, it must be said, Italy could still decide to proceed with the tender anyway, once it has had the green light from the Council of State, even with the European procedure still open, and then possibly reserve the right to intervene subsequently with possible changes, if requested by the Commission. A partial forcing, this, which in any case had already been used previously for other measures, when their adoption was considered urgent.   Although in this case it is difficult to imagine that the regulator could proceed in this direction, taking into account the sensitivity of the tender and, above all, the possible observations that could come from Brussels, given that the tender for the renewal of online concessions had received criticism from some of foreign and European organizations. In fact, we would like to remind you that the new online concessions will be assigned at a cost of €7 million each, as has never happened before in any country in Europe or the world.   Although, as we have found, Adm estimates that their value may even increase during the 9 years of validity of the authorizations.  

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