Taxation

Oxford Casino revenue up; Maine town receives $180k more in 2018

January 28, 2019

Latest Casino and Gambling News, Casino News, Economy/Finance, Taxation, Maine

In Maine, the small town of Oxford saw an uptick last year in the amount of revenue it received from the Oxford Casino Hotel versus its take from 2017. According to the Press Herald... In 2018, the town o...

Atlantic City to pay Hard Rock casino $4.8M in tax appeal settlement

K Morrison

January 24, 2019

Latest Casino and Gambling News, Casino News, Taxation, New Jersey

After announcing in 2017 that a number of casino tax appeals covering casinos in Atlantic City had been settled, it appears as though the iconic Boardwalk city will be required to pay out millions after all. ...

Playtech agrees to pay €28m in Israeli back taxes

K Morrison

January 7, 2019

Latest Casino and Gambling News, Israel, Taxation

Leading supplier of online gaming and sports betting software, Playtech (LON:PTEC), recently agreed to pay tax authorities in Israel €28m (approximately US$32 million) after a decade-long audit of its activitie...

Dover Downs casino open on Christmas Day for the first time ever

K Morrison

December 24, 2018

Latest Casino and Gambling News, Casino News, Delaware, Taxation

Dover Downs Hotel & Casino will reportedly be open on Christmas Day for the first time ever in the small Mid-Atlantic state's history. According to the Delaware State News, for the first time since slot ...

MGM Springfield casino earnings fall $4.7m in October

K Morrison

November 20, 2018

Latest Casino and Gambling News, Casino News, Casino project updates, Taxation, Financial Press Releases, Massachusetts

After what President and Chief Operating Officer for MGM Springfield, Mike Mathis called a "solid visitor volume" for the new casino's first full month of operations, a recent report reveals that players at bot...

Online gaming possibility for Buenos Aires Province

Adam Morgan

November 7, 2018

Latest Casino and Gambling News, Argentina, Online Gambling News, Sports betting, Taxation, Licensing

The largest and most populous province in Argentina could soon reportedly institute a 2% duty on bingo and casino winnings so as to finance a new ‘social fund’ while issuing up to seven online gambling licenses...

Macau gaming regulator receives Macau Jockey Club investment plan

Adam Morgan

August 17, 2018

Latest Casino and Gambling News, Horse Racing, Licenses, Macau, Taxation

In Macau, the Gaming Inspection and Coordination Bureau regulator has reportedly announced that it has received a detailed investment plan from Macau Horse Race Company Limited concerning the city’s Macau Jocke...

Nepal operators unhappy with apparent government u-turn

Adam Morgan

August 2, 2018

Latest Casino and Gambling News, Gaming Law & Legislation, Taxation, Nepal

Tourism and casino operators in the mountainous Asian nation of Nepal have reportedly expressed disappointment at an apparent government move to scrap proposed bespoke legislation that would have governed the l...

Kansas warned against sports betting over-optimism

Adam Morgan

July 23, 2018

Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Sports betting, Taxation, Kansas

Legislators in Kansas have reportedly been warned that bringing legalized sports betting to ‘The Sunflower State’ may not end up being the magic pill that will help them to solve an estimated $320 budget defici...

Kenyan lawmakers support updated gaming legislation

Adam Morgan

June 25, 2018

Kenya, Latest Casino and Gambling News, Gaming Law & Legislation, Taxation

In Kenya, a parliamentary committee has reportedly approved legislation that would institute a 10% tax on winnings from lottery and sports wagers while conversely cutting operator revenue duties by over half to...

Goa casinos served with notice for failure to pay service tax

K Morrison

June 12, 2018

Latest Casino and Gambling News, India, Licenses, Taxation, Fines, Lawsuits & Litigation

In one fell swoop, 10 notices have been issued to as many Goa casinos by Indian intelligence agency, Directorate of Revenue Intelligence (DRI), for service tax evasion, and it has also begun an investigation in...

United Kingdom government to drastically cut maximum FOBTs stakes

Adam Morgan

May 17, 2018

Latest Casino and Gambling News, Gaming Law & Legislation, The Players Lounge, Sports betting, Taxation, United Kingdom

In hopes of helping to stamp out problem gambling, the government of the United Kingdom has reportedly announced that it is planning to reduce the maximum single stake for the nation’s over 34,000 fixed-odds be...

Chilean casinos record reduced revenues for March

Adam Morgan

May 7, 2018

Latest Casino and Gambling News, Chile, Economy/Finance, Taxation

In Chile, the nation’s gambling regulator has announced that aggregated gross gaming revenues for March fell by almost 1% year-on-year to stand at slightly in excess of $42.79 million while the growth rate over...

Majority of Goa casinos pay increased license fees

Adam Morgan

May 7, 2018

Latest Casino and Gambling News, India, Licenses, Taxation

In India, the government for the small state of Goa has reportedly collected around $29.75 million from eleven of the area’s casinos after the venues begrudgingly agreed to pay a range of increased fees for the...

British bookmakers see stock values tumble amid FOBTs speculation

Adam Morgan

April 25, 2018

Latest Casino and Gambling News, Gaming Law & Legislation, The Players Lounge, Taxation, United Kingdom

In the United Kingdom, yesterday reportedly saw the combined value of a trio of the nation’s largest bookmakers drop by more than £1 billion ($1.39 billion) after rumors emerged that the government is preparing...

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Oxford Casino revenue up; Maine town receives $180k more in 2018

Atlantic City to pay Hard Rock casino $4.8M in tax appeal settlement

Playtech agrees to pay €28m in Israeli back taxes

Dover Downs casino open on Christmas Day for the first time ever

MGM Springfield casino earnings fall $4.7m in October

Online gaming possibility for Buenos Aires Province

Macau gaming regulator receives Macau Jockey Club investment plan

Nepal operators unhappy with apparent government u-turn

Kansas warned against sports betting over-optimism

Goa casinos served with notice for failure to pay service tax

United Kingdom government to drastically cut maximum FOBTs stakes

Chilean casinos record reduced revenues for March

Majority of Goa casinos pay increased license fees

British bookmakers see stock values tumble amid FOBTs speculation

New currency rules may negatively impact Macau casinos

‘Life-changing’ cash prize awarded by Buffalo Grand video slot

Czech Republic alliance for Microgaming

MGM Resorts International eyeing Osaka

Atlantic City posts positive January results