Economy/Finance

Genting Berhad Raises New Funding as Takeover Drive Continues

Johnny K.
Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Malaysia, Mergers, Acquisitions & Partnerships, New York
Genting Berhad has intensified its financing activities as it works to increase its ownership of Genting Malaysia Berhad, unveiling a major notes program and issuing additional debt through two subsidiaries. Re...

Estonia Moves Forward With Online Gambling Tax Cut

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Estonia, Online Gambling News, Taxation
Estonia has taken a significant legislative step by approving a phased reduction of its online gambling tax, setting the rate on a path from 6 percent to 4 percent over two years. The decision followed a 51–31 ...

Brazil Senate Panel Moves Forward on Tax Changes for Bets and Dividends

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, Brazil, World Casino News, Gaming Industry News, Central & South America Gaming, Economy/Finance, Taxation, Sports betting, Online Gambling News, Taxes
A bill reshaping tax obligations for online betting operators, fintechs, and dividend payments cleared the Brazilian Senate’s Economic Affairs Committee (CAE) this week with a broad majority. The measure passed...

UK Finalises Major Gambling Tax Overhaul Following OBR Budget Leak

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Taxation, Online Gambling News, United Kingdom
The UK gambling sector is preparing for the most dramatic reshaping of its tax environment in years after official documents released in error confirmed sweeping increases affecting online casinos and sports be...

Rivers Enterprise Finalizes $991M Recapitalization of Pittsburgh Casino

Vanja Mitic
U.S.A., Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Pennsylvania
Rivers Casino Pittsburgh in Pennsylvania has undergone a major ownership transition, with Rush Street Gaming’s affiliated entity Rivers Enterprise Borrower, LLC now assuming complete control of the property. Th...

German Probes Connect Calvin Ayre to Wirecard’s Third-Party Money Flows

Vanja Mitic
Cryptocurrency, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Employment & Careers, Germany, Crime, Fines, Lawsuits & Litigation, Financial Fraud
The fallout from Wirecard’s collapse continues to widen, with new reporting from Bayerischer Rundfunk (BR) and Tagesschau indicating that hundreds of millions of euros routed through Wirecard Bank’s so-called t...

Ontario iGaming Hits New Heights With Record Spending and Revenue in October

Johnny K.
NBA, NHL, Latest Casino and Gambling News, NFL, Casino News, World Casino News, Canada, North America Casino News, Gaming Industry News, Economy/Finance, Ontario, Sports betting, Online Gambling News, Financial Press Releases
Ontario’s regulated online gambling market delivered its strongest performance to date in October, marking the third straight month of record-setting growth in player spending and operator revenue. Fresh data r...