iGaming Business – Net Entertainment has vowed to take its battle with Swedish Tax Agency to the country’s Administrative Court after the authority rejected an appeal by the digital gaming supplier. In May, Net Entertainment launched an appeal after the regulator imposed additional taxes of SEK92.1 million (€10.6 million/$14 million) on the company following an audit of its operations from 2007 to 2010. The authority has now rejected the appeal, but Net Entertainment has pledged to fight on. “The Swedish Tax Agency stated in its decision that the transfer pricing that had been applied between the Swedish based parent company…

Press Release – Australian bingo fans will be pleased to hear that bingo.com.au, a bingo related site with a difference, has been launched on the Web. Bingo.com.au is not yet another bingo hall on the already saturated Aussie market, but rather an online bingo information clearing house. Bingo.com.au performs impartial investigations of Internet bingo sites which are geared toward Australian players. The reputable, licensed online bingo rooms are rated according to certain selected criteria, namely, game experience, customer support and promotional offers. The service is free and no registration or sign up is required to take advantage of the bingo…

The Age – Asian gambling houses believed to be behind Victoria’s match-fixing scandal are generating huge profits from an illegal betting market estimated by Interpol to top $500 billion a year. One of the world’s top sports investigators, Chris Eaton, said the money involved dwarfs the turnover from sport itself. He said the sport is under unprecedented attack from criminals and opportunists who conspire to manipulate the results of competitions around the world, to frequently win tens of millions of dollars a day. ”A vast majority of this money is being invested into the black and grey betting markets of…

Gambling911 – A 19-year-old man has been arrested in Argentina for allegedly hacking into online gambling sites and payment processors. Dubbed “the superhacker”, the teenager was making $50,000 (£31,500) a month, working from his bedroom in Buenos Aires, police told the Reuters. Police actually shut down power to the suspect’s neighborhood in order to prevent the deletion of sensitive data. The unidentified man and his accomplices utilized thousands of dummy computers to attack targets with malware viruses. The police operation, which occurred following a year long investigation, included five raids in the capital and the city of Rosario, about 300km…

Gaming Intelligence – The UK’s Committee of Advertising Practice Code has amended the gambling section of the CAP Code following a public consultation, which will give betting operators “a narrow and targeted exemption” by allowing them to use individuals under the age of twenty-five in marketing communications. The consultation was launched in December 2012 after concerns were raised by online gaming industry body the Remote Gambling Association (RGA), over the extension of the CAP Code’s remit to regulate gambling advertising. SOURCE

iGaming Business – Interactive gaming company NetPlay TV has posted a 47% year-on-year increase in profit before tax to £2.3 million (€2.7 million/$3.6 million) in the first half of 2013. NetPlay TV said that a 36% increase in net revenue, from £10.4 million to £14.2 million, had helped earnings before interest, tax, depreciation and amortisation to rise by 17% from £2.3 million to £2.7 million. A 31% increase in new depositing players (to 32,618) was the key driver behind the impressive results. However, NetPlay TV’s increasing investment in new media platforms has also seemingly reaped rewards, with mobile and tablet…