Taxation

Both Mayor Candidates Support Legalization of Video Gambling in Chicago

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino proposals, World Casino News, North America Casino News, Gaming Industry News, Casino moguls, Economy/Finance, Taxation, Illinois, Taxes
Both candidates for Chicago mayor - Paul Vallas and Brandon Johnson - would support the legalization of video gambling machines within their city limits if elected in the April 4 election. The candidates would ...

Rivers Casino Portsmouth Announces Profit of $24M in First Full Month of Operation

Marija Malenovic
Virginia, U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Taxes, Financial Press Releases
First stand-alone casino in Virginia, Rivers Casino Portsmouth, owned and managed by Chicago-based Rush Street Gaming, publicly announced $24.7 million in gaming income in its first full month of operation, acc...
tabcorp

Adam Rytenskild, CEO of Tabcorp, Wants a New National Regulatory Framework

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Licenses, Taxation, Licensing, Taxes
Adam Rytenskild, the Managing Director and CEO of the famous Australian company Tabcorp, is working hard towards initiating a national regulatory framework. Rytenskild wants to equalize the wagering playing fie...

Star Entertainment Collects $545M After Record Statutory Loss; Suspends Dividends

Marija Malenovic
Australia, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Money Laundering, Economy/Finance, Conferences / Trade Shows, Licenses, Taxation, Oceania Casino News, Crime, Licensing, Taxes, Fines, Lawsuits & Litigation, Financial Press Releases
Star Entertainment Group, one of Australia's leading gambling and entertainment companies based in Brisbane, has publicly announced that it is collecting AUD$800 million, which is approximately 545 million US d...

United Workers Union Calls on NSW Government to Negotiate Acceptable Casino Duty Rates

Radosav Milutinovic
Casino proposals, Australia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino project updates, Money Laundering, Employment & Careers, Poker, Taxation, Oceania Casino News, Fines, Lawsuits & Litigation
An influential Australian trade union has signalized to the New South Wales (NSW) government that the state's intention to significantly increase casino duty rates from 1 July 2023 will result in lost jobs in t...

Cambodia applies fresh revenue-based tax model for casinos

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, Cambodia, Casino News, World Casino News, Online gambling regulation, Gaming Industry News, Conferences / Trade Shows, Licenses, Asian Casino News, Taxation, Online Gambling News, Licensing, Taxes
From December 30, 2022, Cambodia's Ministry of Economy and Finance (MEF) began applying the latest revenue-based rules for taxes and procedures for commercial gambling business, aka casinos, to the self-proclai...

Alabama charges 11 persons for illegal sports betting operations

Radosav Milutinovic
Greyhound Racing, Horse Racing, Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, Alabama, Gaming Industry News, Mobile gaming, Economy/Finance, Illegal Bookmaking, Unlicensed Operation, Taxation, Sports betting, Tax Evasion, Online Gambling News, Conspiracy, Fines, Lawsuits & Litigation, Financial Fraud
Federal prosecutors said Friday that 11 people across Alabama have been charged with tax evasion, illegal operation, and money laundering activities in connection to an online sports betting organization. Ille...

Macau GGR expected to exceed $22 billion by 2027 to incur additional 20% tax to operators

Radosav Milutinovic
Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Taxation, Asian Casino News, Macau, Online Gambling News
Analysts at Morgan Stanley are predicting that Macau's gross gaming revenue values will exceed $22 billion by 2027. The predictions follow the signing of new gaming concession contracts by Macau's six operators...
maryland

Maryland’s Mobile Betting’s Report Has Been Announced – the State Generates $186m

Vanja Mitic
U.S.A., 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, Online Gambling News, Taxation, Financial Press Releases, Maryland
Maryland sports betting report has been published, and there is some interesting financial news. A big surprise was the amount of more than $180 million in the mobile handle. That money was spent during the Tha...

Ernst & Young report that compulsory affordability checks affect UK betting and gaming industry

Radosav Milutinovic
Casino News, Gaming Law & Legislation, Latest Casino and Gambling News, World Casino News, Online gambling regulation, Casino project updates, Gaming Industry News, Economy/Finance, Employment & Careers, European Casino News, Licenses, The Players Lounge, Taxation, Online Gambling News, Financial Press Releases, United Kingdom
After a recent study showed that affordability checks imposed by Government are already affecting revenues, Britain’s regulated betting and gaming sector has called on Government to publish a White Paper and se...

Macau introduces casino play zones for foreign players, offers up to 5% tax relief for attracting overseas customers

Radosav Milutinovic
Casino Destinations, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Taiwan, World Casino News, China, Casino reviews from Macau, Hong Kong, Gaming Industry News, Economy/Finance, The Players Lounge, Macau, Asian Casino News, Taxation, Online Gambling News
Following the recent announcement of Macau’s authorities that this Chinese Administrative Region would be gradually opening up for visitors from abroad and from mainland China,  Macau is to create distinct zone...

Jay-Z Roc Nation and Caesars cooperation for Times Square Casino proposal

Marija Malenovic
Las Vegas, Casino proposals, Gaming Law & Legislation, Casino News, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, New Hotels, Casino project updates, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Licenses, Online Gambling News, Taxation, Mergers, Acquisitions & Partnerships, Licensing, Taxes, New York
After partnering with SL Green, on Monday, December 5th,  Las Vegas-based Caesars Entertainment publicly announced that it has inked a partnership and support from Roc Nation, the full-service entertainment age...

Tabcorp files lawsuit to Supreme Court against Entain and NSW

Radosav Milutinovic
insider trading, Greyhound Racing, Horse Racing, Australia, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Lottery, Data Protection, Unlicensed Operation, Licenses, Taxation, Online Gambling News, Sports betting, Licensing, Fines, Lawsuits & Litigation, Financial Fraud, Taxes
Tabcorp, the Australian betting and entertainment provider,  has commenced proceedings in the Supreme Court against the competing provider Entain and the NSW division of the Australian Hotels Association. Tabco...