Taxation | World Casino News

Rank Group executive slams government’s latest coronavirus-related closures

October 22, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Employment & Careers, Taxation, United Kingdom

In the United Kingdom and a senior executive for land-based and online gaming operator Rank Group has criticized a government decision that is to see casinos and bingo halls temporarily closed across large trac...

Illinois gaming industry hit hard by coronavirus

Adam Morgan

October 6, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Economy/Finance, Lottery, Online Gambling News, Sports betting, Taxation, Illinois

The American state of Illinois reportedly saw aggregated tax revenues from gambling for the twelve months to the end of June fall by 13.4% year-on-year largely due to the impact of the coronavirus pandemic. ...

Cambodian casino legislation passes important hurdle

Adam Morgan

October 6, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Cambodia, Casino News, Gaming Industry News, Economy/Finance, Licenses, Taxation

In Cambodia and draft legislation that would establish the basic capital requirements for any firm hoping to open a casino was reportedly yesterday overwhelmingly approved by the Asian country’s National Assemb...

ATG boss lambastes Swedish authorities for lack of financial support

Adam Morgan

September 29, 2020

Sweden, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Horse Racing, Online Gambling News, Sports betting, Taxation

In Sweden and the boss for the nation’s newly-privatized AB Trav och Galopp (ATG) horseracing operator has reportedly criticized the government for failing to make locally-licensed sportsbetting firms financial...

Macau legislator comes out in favor of limited legalized iGaming

Adam Morgan

September 23, 2020

Latest Casino and Gambling News, Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Lottery, Online Gambling News, Macau, Sports betting, Taxation

In Macau and a senior legislator has reportedly urged the government to consider legalizing some forms of iGaming so as to help the city’s public coffers recover from the ongoing impact of the coronavirus pande...

Colombia temporarily legalizes online scratchcard and bingo games

Adam Morgan

September 23, 2020

Bingo, Colombia, Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Casino closures, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Taxation

The gambling regulator for the South American nation of Colombia has reportedly published measures that are to regulate the temporary legalization of online scratchcard and bingo games. According to a report...

Gaming Industry Recovery Act consideration for New Mexico legislators

Adam Morgan

September 21, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Casino News, Gaming Industry News, Economy/Finance, Sports betting, Taxation, New Mexico

In the western American state of New Mexico and legislators are reportedly set to be presented with a proposal next month that is seeking to put the jurisdiction’s five racinos on virtually the same footing as ...

William Hill US records successful DC sportsbook premiere

Adam Morgan

September 18, 2020

D.C., Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Lottery, The Players Lounge, Online Gambling News, Sports betting, Taxation, Mergers, Acquisitions & Partnerships

The William Hill US subsidiary of British sportsbetting giant William Hill reportedly recorded aggregated stake worth approximately $9.1 million from its first full month of operation within the United States’ ...

Arkansas casinos recovering from coronavirus-related shutdown

Adam Morgan

September 16, 2020

Arkansas, Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Economy/Finance, Taxation

The three casinos in the southern American state of Arkansas together reportedly lost more than $1.4 billion in gross gaming revenues as a direct result of their enforced nine-week closures at the hands of the ...

Prague passes controversial city-wide gaming machine prohibition

Adam Morgan

September 15, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Czech Republic, Licenses, Taxation

In the Czech Republic and the city council for Prague has reportedly passed a contentious measure that is set to ban local premises from operating new electronic gaming machines including slots from the first d...

Prague considering city-wide gaming machine prohibition

Adam Morgan

September 10, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Czech Republic, Licenses, Taxation

In the Czech Republic and the city council for Prague is reportedly set to consider controversial legislation later today that would prohibit the operation of all electronic and mechanical gaming machines from ...

Macau gaming tax revenues being hit by coronavirus slowdown

Adam Morgan

September 10, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Macau, Taxation

The government of Macau has reportedly announced that the city’s 39 casinos handed over almost $76.82 million in aggregated gaming taxes for August to take their combined eight-month reckoning to just above $2....

Casinos Austria International bemoans first-half impact of coronavirus

Adam Morgan

September 3, 2020

Austria, Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Economy/Finance, European Casino News, Taxation

Global casino operator Casinos Austria International has reportedly announced that it chalked up a record first-half loss of just over €10 million ($11.8 million) owing to issues surrounding the coronavirus pan...

American daily fantasy sports firms receive alarming tax news

Adam Morgan

August 17, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Taxation, Fantasy Sports, Taxes

In the United States and prominent daily fantasy sports operators FanDuel Group and DraftKings Incorporated could reportedly be in trouble after the Internal Revenue Service (IRS) ruled that such firms are to b...

Ukrainian President signs legislation legalizing land-based and online gambling

Adam Morgan

August 12, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Gaming Industry News, Technology, Economy/Finance, The Players Lounge, Licenses, Online Gambling News, Sports betting, Taxation, Ukraine

In Ukraine and President Volodymyr Zelensky (pictured) has reportedly added his signature to a piece of legislation to officially legalize a wide range of gambling activities including those conducted online an...