Taxation

Macau casino operators would benefit from a rumored tax cut proposal

May 16, 2022

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

American investment bank JPMorgan Chase and Company has reportedly forecast that the over 40 casinos in Macau could boost their earnings by up to 15% a year should the local government decide to decrease the ra...

British iGaming trio found to have lobbied government over new rules

Adam Morgan

May 9, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Taxation, United Kingdom

Some of the largest online casino and sportsbetting operators in the United Kingdom have reportedly been quietly lobbying the government not to implement a wide range of proposed safeguards including new afford...

Kansas legislators endorse wide-ranging sportsbetting legalization measure

Adam Morgan

April 29, 2022

MLS, Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, NFL, Gaming Industry News, Economy/Finance, Licenses, Online Gambling News, Sports betting, Taxation, Kansas

In the American state of Kansas and legislators have reportedly approved a measure that would allow local sportsbetting aficionados to place wagers in person and via a host of mobile devices. According to a ...

Missouri State Senate to begin examining sportsbetting legalization measures

Adam Morgan

April 27, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Licenses, Online Gambling News, Sports betting, Taxation, Missouri

In the American state of Missouri and legislators are reportedly soon set to start considering a pair of measures that would look to legalize online and retail sportsbetting featuring associated tax rates of an...

GambleAware calls for the implementation of a 1% gross gaming yield levy

Adam Morgan

April 27, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Licensing, United Kingdom

In the United Kingdom and the organization behind the BeGambleAware.org responsible gambling resource has called on the government to implement a mandatory 1% levy to help fund programs tasked with combating an...

Macau chalks up reduced first-quarter gaming tax revenues

Adam Morgan

April 26, 2022

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

The over 40 casinos in the gambling-friendly enclave of Macau reportedly contributed almost $1.08 billion in aggregated taxes during the first three months of the year including approximately $371.21 million in...

Colombia posts record aggregated first-quarter gross gaming revenues

Adam Morgan

April 26, 2022

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

First-quarter aggregated gross gaming revenues in the South American nation of Colombia reportedly increased by 17% year-on-year to top $44.4 million with online casino activities contributing approximately $12...

Primorsky Krai extends casino tax relief measures as sanctions begin to bite

Adam Morgan

April 21, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Taxation, Mergers, Acquisitions & Partnerships, Russia

As international sanctions begin to bite and the government for the Russian territory of Primorsky Krai has reportedly passed legislation to extend a range of tax relief measure for local casino operators by a ...

Atlantic City sportsbetting tax windfall legislation makes it out of committee

Adam Morgan

March 25, 2022

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

In New Jersey and proposed legislation that would see Atlantic City receive even more of the tax revenues generated by the eastern state’s burgeoning sportsbetting industry has reportedly made it out of committ...

Virginia judge grants Richmond permission to hold a second casino ballot

Adam Morgan

March 22, 2022

Virginia, Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Licenses, Sports betting, Taxation, Mergers, Acquisitions & Partnerships

A judge has reportedly told the Virginia city of Richmond that it may take a second run at persuading local voters into allowing radio broadcaster Urban One to bring a $600 million casino resort to a 100-acre p...

Betting and Gaming Council signals support for Government’s revival plans

Adam Morgan

March 21, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Horse Racing, Online Gambling News, Sports betting, Taxation, Mergers, Acquisitions & Partnerships, United Kingdom

In the United Kingdom and the head of the influential Betting and Gaming Council lobby group has announced that his industry is prepared to back the government’s post-pandemic economic recovery plans. The Ch...

Macau casino operators not set to face increase in tax rates

Adam Morgan

March 17, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau, Taxation, Mergers, Acquisitions & Partnerships

The six licensed land-based casino operators in Macau are to reportedly not be asked to pay any more tax under the provisions of the draft gaming bill currently being considered by legislators. According to ...

New Jersey set to sue over quashed Atlantic City casino PILOT deal

Adam Morgan

March 15, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Taxation, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, New Jersey

The state of New Jersey is reportedly soon expected to officially appeal a February 25 court ruling that invalidated its amended payment in lieu of tax (PILOT) arrangement with the nine casinos in Atlantic City...

New York threatening Seneca Nation of Indians over revenue-sharing hold-up

Adam Morgan

March 14, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Casino News, Gaming Industry News, Economy/Finance, Taxation, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, New York

The eastern American state of New York has reportedly told the casino-operating Seneca Nation of Indians that it could soon face ‘enforcement and collection efforts’ tied to the pair’s long-running dispute over...

Wide-ranging Alabama gambling overhaul measures clear committee

Adam Morgan

March 10, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Casino proposals, Casino News, Alabama, Gaming Industry News, Economy/Finance, Lottery, Licenses, Sports betting, Taxation

In the southern American state of Alabama and proposed legislation that would establish a lottery, legalize sportsbetting and allow the jurisdiction to license up to five more land-based casinos has reportedly ...