Taxation

Sweden Proposes Gambling Tax Increase To Generate Additional $50 Million In Tax Revenues

Radosav Milutinovic
Sweden, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, European Casino News, Licenses, Taxation, Online Gambling News
Swedish government (Regeringen) has announced that the gambling tax rate in the country may increase from 18% to 22% of gross gaming revenue (GGR) since 1 July 2024. The proposal based on the belief that the ga...

Cambodian 2021 Gambling Law Brought the Number of Licensed Casinos to 87

Radosav Milutinovic
Gaming Law & Legislation, Casino Destinations, Cambodia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Asian Casino News, Online Gambling News, Taxation
Cambodian Commercial Gambling Management Commission (CGMC), the governmental body in charge of regulating the gambling market in the country, has reportedly issued a total of 87 casino licenses since 2021, when...
tabcorp

Tabcorp Settles the Dispute with Australian Taxation Office, Benefits about $83 Million

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Online gambling regulation, Gaming Industry News, Economy/Finance, Licenses, Taxation, Sports betting, Financial Press Releases
The largest gambling company in Australia, Tabcorp Holding Limited, settled the dispute it had with the Australian Taxation Office, which occurred because of the issues with the income tax treatment for many li...

Sportech Intends To Remove Stocks From London’s Junior AIM; Pre-Tax Loss Significantly Reduced

Marija Malenovic
Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Online Gambling News, Taxation, Taxes, Financial Press Releases, United Kingdom
UK-based entertainment and online gambling firm Sportech, intends to ask for shareholder validation to remove its shares from London’s junior Alternative Investment Market (AIM) because of the large burden of s...

Golden Matrix Unveils Earnings For Q3 2023; Net Loss Due To Pending Acquisition Costs Of MeridianBet Group

Marija Malenovic
U.S.A., Las Vegas, Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Casino moguls, Economy/Finance, Online Gambling News, Taxation, Mergers, Acquisitions & Partnerships, Taxes, Financial Press Releases
Golden Matrix Group Inc. (GMGI), one of the flagship global iGaming groups, which offers sportsbook, casino and competition products and is based in Las Vegas, revealed revenue data for its third quarter ended ...

Playtech Beats Market Forecasts As US Growth Causes Excellent H1 Revenues

Marija Malenovic
Isle of man, U.S.A., Latest Casino and Gambling News, Casino News, Brazil, World Casino News, North America Casino News, Gaming Industry News, Central & South America Gaming, Mobile gaming, Economy/Finance, European Casino News, Mexico, Online Gambling News, Sports betting, Taxation, Mergers, Acquisitions & Partnerships, Taxes, Financial Press Releases
Playtech, the largest global publicly traded online gaming software developer based in Douglas, Isle of Man, should beat market assumptions in 2023 due to excellent revenues throughout the first half of 2023. A...

Ohio’s Sports Betting Handle Exceeds $4 Billion In 2023

Marija Malenovic
Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, Casino News, Online gambling regulation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Lottery, Taxation, Online Gambling News, Sports betting, Taxes, Financial Press Releases, Ohio
Following the announcement that Ohio lawmakers officially passed a measure to legalize retail and online sports wagering in December 2021 and that both officially became legal on the first day of this year, the...

Nevada Breaks Record In July With $1.4 Billion In Gambling Income

Marija Malenovic
Casino News, Latest Casino and Gambling News, U.S.A., Las Vegas, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting, Taxation, Taxes, Financial Press Releases, Nevada
The Nevada Gaming Control Board, Nevada’s regulatory body, revealed that Southern Nevada’s players hit casinos so often in July, the most ever in state history, breaking "monthly gaming win records" across the ...

Star Entertainment Group Reveals FY23 Profit; Significantly Reduces Debt

Marija Malenovic
Australia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Casino moguls, Taxation, Oceania Casino News, Taxes, Financial Press Releases
Star Entertainment Group, an Australian-based gambling and entertainment company, revealed yearly earnings on August 29 as business continues to balance and profits grow in every segment, further helping the fi...

PGCB Granted Approval to Two PA Casinos For Gaming Floor Modifications

Radosav Milutinovic
Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Casino expansion projects, Gaming Industry News, Online Gambling News, Taxation, Pennsylvania
Pennsylvania Gaming Control Board (PGCB) granted approval to two Pennsylvania casinos for the gaming floor modification. The regulator reportedly allowed Hollywood Casino Morgantown to reduce the number of slot...

Illinois Gaming Board Considers Gaming License Revocation For Illegal Past Operations

Radosav Milutinovic
U.S.A., Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, World Casino News, North America Casino News, Brick-n-Mortar Poker Rooms, Gaming Industry News, Illegal Bookmaking, Poker, Licensed online casinos in USA, Unlicensed Operation, Licenses, Online Gambling News, Taxation, Illinois, Fines, Lawsuits & Litigation
The Illinois Gaming Board (IGB) is looking to revise the decision made in 2019 to award the gaming license to the establishment which was reportedly connected with a Chicago criminal group. As reported, IGB cla...

Potawatomi Hotel and Casino Income Rises 1.7% As Casino Prepares To Compete Against Latest Rivals

Marija Malenovic
Tribal Gaming, Tribal Gaming, U.S.A., Latest Casino and Gambling News, Casino News, North America Casino News, Casino openings, New Hotels, Casino expansion projects, World Casino News, Gaming Industry News, Economy/Finance, Conferences / Trade Shows, Taxation, Sports betting, Illinois, Taxes, Financial Press Releases, Wisconsin
The Potawatomi Hotel and Casino, operated by the Forest County Potawatomi tribe, saw income grow just 1.7% in the past 12 months through June 30, 2023. That's because the tribe is in the process of preparing to...

Tabcorp Reveals 5% Market Share Growth; Exceeds FY23 Predictions

Marija Malenovic
Latest Casino and Gambling News, Australia, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Conferences / Trade Shows, Online Gambling News, Taxation, Oceania Casino News, Mergers, Acquisitions & Partnerships, Taxes, Financial Press Releases
Tabcorp, a flagship Australian gambling company/provider of betting and gaming products and services based in Melbourne, stake rose over 5% on Thursday following a report of net income $66.5 million after tax, ...

U.S. Sports Betting Handle Hits $250 Billion To Mirror Support of 77% of American Adults

Radosav Milutinovic
Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Sports betting, Taxation, Online Gambling News, Licensing, Taxes, Financial Press Releases
Five years after the U.S. Supreme Court ruled to remove the federal ban on sports betting, the total handle for all 30 U.S. jurisdictions recently reached the threshold of $250 billion, according to reports. Th...

Michigan Gaming Control Board Votes Unianimously To Extend Licenses For 3 Detroit Casinos; Properties Collected $107.2M In Gambling Income In July

Marija Malenovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licenses, Sports betting, Taxation, Fantasy Sports, Fantasy eSports, Licensing, Taxes, Financial Press Releases, Michigan
Throughout its scheduled public meeting, the Michigan Gaming Control Board (MGCB) voted unopposed to validate license extensions for MotorCity Casino, MGM Grand Detroit and Hollywood Casino at Greektown, aka De...