Economy/Finance

Indian Government Hits iGaming Industry With 28% Tax

Marija Malenovic
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, India, Economy/Finance, Asian Casino News, Online Gambling News, Taxation, Fantasy Sports, Fantasy eSports, Taxes
It was recently revealed that the Indian government has stated that it would levy a 28% tax on the funds online gaming firms earn from their clients from each game. In addition, companies have so far paid littl...

KHRC Validates Introduction Of Sports Betting For Retail In Kentucky; To Take Effect Concurrently With Beginning Of NFL Season

Marija Malenovic
Gaming Law & Legislation, U.S.A., NFL, Horse Racing, Casino News, Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Licenses, Horse Racing, Taxation, Sports betting, Licensing, Taxes, Kentucky
Yesterday, July 10, it was revealed that the Kentucky Horse Racing Commission (KHRC) has validated the introduction of sports wagering. In addition, it will go into effect when the NFL season officially starts ...

Colossus Bets Won 4 IP Challenges Related to Checkout, DraftKings Loses

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gaming software, North America Casino News, Online gambling regulation, Gaming Industry News, Technology, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Crime, Fines, Lawsuits & Litigation, United Kingdom
It's not a good week for the famous DraftKings. The United States Patent and Trademark Office decided that the claims that DraftKings violated some of the inter parties (IP) related to the checkout.  Violati...

Virginia Exceeds $1 Billion In Gross Sports Betting Profits

Marija Malenovic
Virginia, Casino News, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Sports betting, Taxation, Taxes, Financial Press Releases
Recently, licensed operators submitted a May 2023 sports betting activity report to the Virginia Lottery, which the Lottery then officially unveiled. The report showed that Virginia exceeded $1 billion in gross...

Sandman Comedy Club Seeking Conversion Into Casino Bar Through Charitable Gaming

Radosav Milutinovic
Virginia, U.S.A., Casino proposals, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Poker Tournaments, Gaming Industry News, Brick-n-Mortar Poker Rooms, Economy/Finance, Poker, Licenses
After a series of different uses, Sandman Comedy Club at 401 E. Grace St. in Virginia is being prepared for transformation into a Sandman Casino Bar. As reported, Michael Sands intends to have a former downtown...

Nevada’s Casino Gaming Wins $1.29 Billion to Remain Strong in May 2023

Radosav Milutinovic
Gaming Law & Legislation, U.S.A., Las Vegas, Casino News, Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Taxation, Online Gambling News, Sports betting, Financial Press Releases, Nevada
As Review Journal (RJ) reports, the gross generated revenue of the Nevada casino industry reached the level of $1.29 billion in May 2023, according to the data of the Nevada Gaming Control Board. Although Clark...

PointsBet Agrees to Sell Its US Business to Fanatics Betting and Gaming For $225 Million

Radosav Milutinovic
Casino Sales, U.S.A., Australia, Casino News, Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Licenses, Online Gambling News, Sports betting, Oceania Casino News, Mergers, Acquisitions & Partnerships
After lengthy negotiations, PointsBet sold its US wagering business to Fanatics for $225 million, as New York Post (NYP) reports. The sale came in the photo-finish of the bidding war between the Fanatics and Dr...

Sri Lanka’s Cabinet Of Ministers Validates Establishment Of Gambling Regulatory Authority

Marija Malenovic
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Casino expansion projects, World Casino News, Gaming Industry News, Economy/Finance, Licenses, Asian Casino News, Taxation, Licensing, Taxes, Sri Lanka
The Cabinet of Ministers of Sri Lanka officially validated a proposal to draft legislation to create the Gambling Regulatory Authority (GRA), whose main task will be to supervise the industry and make sure that...

Green Valley Ranch Resort To Undergo Redevelopment Throughout Property

Marija Malenovic
U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, The Players Lounge, Nevada
On June 23, officials at Green Valley Ranch Resort, a premier resort and casino based in Henderson, Nevada, revealed that the casino-resort will undergo a property-wide renovation, which will include, among oth...

Blackstone Reportedly Considering Sale Of Stake In Bellagio Casino In Las Vegas

Marija Malenovic
Casino Sales, U.S.A., Las Vegas, Casino News, Latest Casino and Gambling News, North America Casino News, New Hotels, World Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships
After selling the Cosmopolitan Casino and Hotel Las Vegas to MGM Resorts in 2021 and agreeing to sell its half stake in the MGM Grand Las Vegas and Mandalay Bay resorts to partner VICI Properties Inc., on June ...

Morgan Stanley: Macau Earnings to Reach 69% of 2019 Levels in Q2 2023

Radosav Milutinovic
Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Online Gambling News, Financial Press Releases
As Inside Asian Gaming (IAG) reports, banking group Morgan Stanley expects that the earnings before interest, tax, depreciation, and amortization (EBITDA) of the Macau industry will reach US$1.6 billion in the ...