Taxation

Jake’s 58 Breaking Ground for $210 Million Expansion Project in Islandia; New York to Suspend Property Taxes to Village Residents

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino expansion projects, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Horse Racing, Taxation, New York
The Suffolk branch of the New York City Off-Track Betting Corporation is breaking ground today, on 15 April 2024, for a $210 million expansion of Jake's 58 Casino Hotel facility operated by the public benefit c...

Bally’s Chicago Reports 12.7% Revenue Growth in March 2024 as Bally’s Corp. Mulls Takeover Bid

Marija Malenovic
Casino Sales, Casino News, Latest Casino and Gambling News, U.S.A., New Hotels, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Taxation, Illinois, Taxes, Financial Press Releases, Rhode Island
Following a takeover bid by its biggest shareholder, an $800m financing gap for the construction of a planned Chicago casino, a project worth $1.7bln, and a credit downgrade by the rating agencies, business flo...

Romania Bans Gambling Facilities in Less Populated Areas to Combat Illegal Operators

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Unlicensed Operation, Licenses, Online Gambling News, Taxation, Sports betting, Romania
Following the Prime Minister's approval, the Romanian Chamber of Deputies passed a law to ban land-based gambling operations in small cities and villages with populations of less than 15,000 residents. As repor...

Caesars New Orleans Expands Casino and Opens New Hotel in 2024 to Reach Employment Compliance in 2025

Radosav Milutinovic
U.S.A., Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino expansion projects, New Hotels, World Casino News, Casino project updates, Gaming Industry News, Employment & Careers, Licenses, Taxation, Labor Relations, Louisiana
The announcement that the 2025 Super Bowl will be held at the Caesars Superdome in New Orleans seems to have been the starting gun for a leading entertainment and gaming corporation to get to work immediately. ...

Brazil Seen as Future of Sports Betting; Could Replace US as Next Main Market for Sports Betting Gold Rush

Marija Malenovic
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Brazil, Online gambling regulation, Gaming Industry News, Central & South America Gaming, Economy/Finance, Online Gambling News, Sports betting, Taxation, Taxes
The official legalization of sports wagering in Brazil occurred at the end of previous year, and the beginning of betting is projected to start during the next or this quarter, while watchdogs work through thei...

Detroit’s 3 Casinos Reach Highest Monthly Gross Income for March 2024 since 2019

Marija Malenovic
Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, Sports betting, Taxes, Financial Press Releases, Michigan
MGM Grand Detroit, Hollywood Casino at Greektown and MotorCity Casino, aka Detroit’s 3 licensed casinos, announced that they managed to collect $123.86m in monthly gross income for the previous month, i.e. Marc...

Virginia Governor’s Amendments Return Skill Game Bill to General Assembly for Further Consideration

Radosav Milutinovic
Virginia, Casino Destinations, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino project updates, Gaming Industry News, Economy/Finance, Lottery, Licenses, Online Gambling News, Taxation
Following the recent legalization of slot machine-like games of skill in Virginia, the 2024 General Assembly session is currently home to the debate over Senate Bill 2012, passed to legalize electronic skill ga...

Singapore Excludes Criminal Legal Aid Recipients from Setting Foot in Casinos

Marija Malenovic
Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Asian Casino News, Taxation, Crime, Fines, Lawsuits & Litigation, Taxes, Singapore
Accused persons currently getting criminal legal assistance aren't permitted to set foot in Singapore’s jackpot rooms or casinos, nor to gain access to their Singapore Pools wagering accounts as long as they ha...

Genting Might Increase New York’s Tax Revenue by 1$ Billion if Awarded New License

Vanja Mitic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Casino proposals, Gaming Industry News, Economy/Finance, Licenses, Taxation, Licensing, Taxes, New York
Since the opening of Genting Malaysia Bhd’s Resorts World casino in New York City, the place has become very popular among the residents and tourists, and the popularity will be further increased by expanding t...

Georgia Fails Again to Legalize Sports Wagering due to Disagreements Between Lawmakers Over Tax Money

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Sports betting, Taxation, Georgia-Eurasia, Taxes
An attempt to officially approve sports wagering in Georgia failed again this year. The reason for this is that lawmakers couldn't reach compromise on how to spend the collected tax money. Both bills couldn'...

New Jersey Bill Proposes Tax Increase on Online Sports Betting and Casino Gaming to 30%

Marija Malenovic
Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, Online gambling regulation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Taxation, Taxes, New Jersey
New Jersey is contemplating raising the state's online casino gaming and sports wagering tax rate to a maximum of 30%. Additionally, Senator John McKeon is cited as the lead sponsor of the tax rate hike legisla...

Georgia Makes Necessary Updates to “Electronic Registry of Citizens” to Comply with Amendments to its Gambling Laws

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, European Casino News, Taxation, Online Gambling News, Georgia-Eurasia, Taxes
Georgia's Ministry of Finance has overhauled the "electronic registry of citizens" to abide by the impending amendments to the gambling laws of the Caucasus nation. Updated laws: Implemented by the execut...

Amended Maryland Online Casino Bill Heads to Senate After House Passage

Marija Malenovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Licenses, Online Gambling News, Sports betting, Taxation, Licensing, Taxes, Maryland
Online casino bill, HB 1319, authored by Maryland Rep. Vanessa Atterbeary, has officially passed the House of Representatives and is on its way to the Senate for approval. Non-unanimous vote: On March 16,...

Bay State Casinos Made $156M in February 2024; Sportsbooks Handled $5.98B Since 2023 Launch

Radosav Milutinovic
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Taxation, Online Gambling News, Sports betting, Financial Press Releases, Massachusetts
The Massachusetts Gaming Commission (MGC) has reported that the state gaming industry generated $156.12 million in gross gaming revenues (GGR) in February 2024. According to the MGC data, three land-based casin...