Taxation

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, Economy/Finance, Mobile gaming, 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
Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Mobile gaming, Sports betting, France, Online Gambling News, Taxation, 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
Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Australia, Casino 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
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino Destinations, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, 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, World Casino News, Online gambling regulation, 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
U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Taxation, 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 ...

Michigan Lawmakers Propose Incremental Tax Hikes on Online Gambling

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Taxation, Online Gambling News, Taxes, Michigan
Michigan lawmakers have introduced two new bills aimed at increasing taxes on online sports betting and casino operators. The proposals, Senate Bills 1193 and 1194, were brought forward on December 5 by Senator...

Sports Betting Narrowly Approved in Missouri Amid High-Profile Campaigns

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Licensed online casinos in USA, Online Gambling News, Taxation, Sports betting, Licensing, Taxes, Missouri
Missouri voters have given the green light to legal sports betting, approving Amendment 2 by a razor-thin margin of 50.05%. With the certification of election results by the Missouri Board of State Canvassers, ...

Louisiana Lawmaker Postpones Controversial Bill to Raise Online Sports Betting Tax

Johnny K.
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Taxation, Taxes, Louisiana
A proposal to significantly increase the tax on online sports betting revenue in Louisiana has been deferred amid mounting opposition from the gaming industry. House Bill 22, introduced by Representative Roger ...