Taxation

North Carolina Bill Seeks to Boost High School Coaches’ Pay Using Sports Betting Revenue

Johnny K.
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Sports betting, Taxation, Online Gambling News, North Carolina
Lawmakers in North Carolina have introduced a new measure aimed at addressing financial challenges faced by high school athletic coaches. Senate Bill 657, also known as the "Keeping Our Coaches Act," proposes a...

Bipartisan Effort to Eliminate Outdated Sports Betting Tax Gains Momentum

Vanja Mitic
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Mobile gaming, Licensed online casinos in USA, Sports betting, Online Gambling News, Taxation, Taxes
In a persistent move to modernize sports betting regulations, bipartisan co-chairs of the Congressional Gaming Caucus, Democratic Representative Dina Titus of Nevada and Republican Representative Guy Reschentha...

New Jersey’s Proposed Tax Hike on Online Gambling Sparks Industry Backlash

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Taxation, Taxes, New Jersey
In a bold fiscal move, New Jersey Governor Phil Murphy has proposed significant tax increases on online sports betting and internet gambling, sparking widespread concern among casinos and betting firms. The pro...

FDJ Navigates Challenges with Strategic Initiatives Amid Regulatory Changes

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, France, Online Gambling News, Taxation, Sports betting, Taxes, Financial Press Releases
La Française des Jeux (FDJ), a leading name in the European betting and gaming landscape, has reported a robust performance for the year 2024. The company's revenue soared to €3,065 million, marking a significa...

SkyCity Entertainment Resolves Long-Running South Australian Tax Dispute with AU$38.1 Million Settlement

Vanja Mitic
Gaming Law & Legislation, Casino Destinations, Australia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Taxation, Fines, Lawsuits & Litigation
SkyCity Entertainment Group has successfully reached a resolution with the South Australian government, bringing an end to a prolonged and complicated legal and tax dispute. The dispute, which revolved around t...

PAGCOR Cuts E-Games Fees to Strengthen Legal Market

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Taxation, Licensing, Taxes, Philippines
The Philippine Amusement and Gaming Corporation (PAGCOR) has announced a further reduction in Electronic Games (E-Games) fee rates, bringing them down from 35% to 30% effective January 1, 2025. This decision is...

Bally’s Requests Property Tax Discount for $1.7B Chicago Casino Project Amid Ongoing Struggles

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino Destinations, Casino News, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Taxation, Illinois
Bally’s, a Rhode Island-based gambling company, is seeking a significant property tax break to support its $1.7 billion integrated casino and hotel project along the Chicago River, Illinois. The venue, planned ...

Supreme Court of India Stays Tax Notices for Online Gaming Companies

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, World Casino News, Gaming Industry News, India, Taxation, Online Gambling News, Asian Casino News, Taxes
The Supreme Court of India has temporarily halted ₹1.12 lakh crore in Goods and Services Tax (GST) show-cause notices issued to online gaming companies. This decision, delivered on January 10, 2025, suspends on...

Massachusetts Casinos and Sports Betting Generate Over $181 Million in November

Vanja Mitic
Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Online Gambling News, Taxation, Sports betting, Financial Press Releases, Massachusetts
Massachusetts casinos and sports betting operations combined for a significant financial milestone in November 2024, generating over $181 million in revenue. The Massachusetts Gaming Commission's latest report ...