Taxes

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

Marija Malenovic
Casino Sales, U.S.A., Casino News, Latest Casino and Gambling News, 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...

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

Marija Malenovic
Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Brazil, Online gambling regulation, Central & South America Gaming, Gaming Industry News, Economy/Finance, Taxation, Online Gambling News, Sports betting, 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
U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Sports betting, Taxation, 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...

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 Destinations, Casino proposals, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, 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, Taxation, Sports betting, 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
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, Sports betting, Taxation, Online Gambling News, 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
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Online gambling regulation, World Casino News, 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
Gaming Law & Legislation, U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Licenses, Taxation, Online Gambling News, Sports betting, 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,...

Hard Rock Casino Northern Indiana Hit $37.9Million Gaming Win In February 2024

Radosav Milutinovic
U.S.A., Casino Destinations, Casino News, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Taxation, Indiana, Taxes, Financial Press Releases
An iconic gaming and entertainment venue, Hard Rock Casino Northern Indiana, generated almost one fifth of the total gaming revenues in the state in February 2024. According to the Indiana Gaming Commission (IG...

Nevada Reps. Get Support From IRS Advisory Council In Effort To Lift Tax Threshold On Slot Machine Jackpots

Marija Malenovic
Jackpot Winners, Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, Taxes, Nevada
Leaders of Congress, including Dina Titus (D-NV) who have been requesting from the Internal Revenue Service (IRS) to increase the tax reporting limit on jackpots from slot machines for almost a decade, have rec...

Detroit Casinos Generate $94.4 Million in Revenue In January 2024

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Taxation, Taxes, Michigan
In January 2024, the three Detroit casino operators experienced a decline in table games and slot revenue across their land-based facilities in comparison to the same month last year. Michigan Gaming Control Bo...

Penn Entertainment Acquires Sports Betting License for ESPN Bet Launch in New York

Radosav Milutinovic
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Licenses, Online Gambling News, Sports betting, Taxation, Mergers, Acquisitions & Partnerships, Licensing, Taxes, New York
Casino corporation Penn Entertainment has bought a betting license to launch its vertical ESPN Bet to the largest legal sports betting market in the United States. The state of New York originally made only nin...

Gov. Shapiro Plans To Regulate Skill Games In July In His 2024 Budget Plan

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Game manufacturers, Taxation, Taxes, Pennsylvania
Recently, Josh Shapiro, Governor of Pennsylvania, gave his budget speech for FY 2024/2025 at the decorated Capitol Rotunda in Harrisburg. During his speech, he revealed that he intends to regulate games of skil...