Taxation | World Casino News

Macau casinos post reduced July combined tax contribution

September 8, 2021

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

The over 40 casinos in Macau reportedly contributed just over $319.63 million in aggregated gaming taxes for July as they continued to be negatively affected by the impacts of the ongoing coronavirus pandemic. ...

Hungarian casinos have their licenses controversially extended

Adam Morgan

September 8, 2021

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

The Prime Minister for Hungary, Viktor Orban (pictured), has reportedly come under fire after agreeing to extend the operating licenses for five Budapest casinos majority-owned by one of his closest friends for...

Philippines regulator expecting to post improved annual tax revenues

Adam Morgan

September 7, 2021

Gaming Law & Legislation, Casino proposals, Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Licenses, Taxation, Online Gambling News, Sports betting, Philippines

The boss for the Philippine Amusement and Gaming Corporation (PAGCor) regulator has reportedly predicted that her organization expects to bring in aggregated tax revenues for this year of up to $756 million. ...

Coronavirus consequences for South Korean casino tax revenues

Adam Morgan

September 3, 2021

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

The tax contribution from the 17 casinos in South Korea reportedly fell by 82.4% on a comparative basis last year to approximately $70.7 million largely as a direct result of the turmoil associated with the ong...

The Hong Kong Jockey Club posts impressive annual performance

Adam Morgan

September 2, 2021

Latest Casino and Gambling News, Horse Racing, Gaming Industry News, Hong Kong, Mobile gaming, Economy/Finance, Sports betting, Taxation, Online Gambling News

The Hong Kong Jockey Club has reportedly chalked up an increase of 27.9% year-on-year in aggregated turnover for its most recent horseracing season to a record of approximately $35.98 billion. According to a...

Canada to permit single-game sportsbetting from as soon as August 27

Adam Morgan

August 13, 2021

NHL, Latest Casino and Gambling News, Gaming Law & Legislation, Canada, Gaming Industry News, Economy/Finance, Licenses, The Players Lounge, Taxation, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships

In Canada and a senior minister in the government of Prime Minister Justin Trudeau has reportedly announced that local sportsbetting aficionados could be allowed to begin legally placing single-game sports wage...

Saipan electronic slot arcade operators taking the government to court

Adam Morgan

August 10, 2021

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino closures, Gaming Industry News, Economy/Finance, Saipan, Licenses, Taxation, Fines, Lawsuits & Litigation

A pair of electronic slot arcade operators in the Commonwealth of the Northern Mariana Islands have reportedly filed a lawsuit against the local government’s recent move without any consultation to effectively ...

Italian football authority calling for two-year suspension of sponsorship ban

Adam Morgan

August 2, 2021

Gaming Law & Legislation, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Sports betting, Taxation, Online Gambling News, Mergers, Acquisitions & Partnerships, Italy

In Italy and the governing body for all professional soccer is reportedly calling on the government to temporarily lift a ban that currently prevents clubs from inking sponsorship and advertising deals with spo...

Richmond city council agrees provisions of One Casino and Resort deal

Adam Morgan

July 29, 2021

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

The city council for the Virginia city of Richmond has reportedly finalized the terms of the deal that could see the capital community’s envisioned One Casino and Resort open its doors to players and guests bef...

Dallas Cowboys owner in favor of bringing legalized sportsbetting to Texas

Adam Morgan

July 27, 2021

NHL, Latest Casino and Gambling News, Gaming Law & Legislation, NFL, MLB, Gaming Industry News, Economy/Finance, Taxation, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships, Texas

The owner of the Dallas Cowboys franchise of the National Football League (NFL), Jerry Jones (pictured), has reportedly thrown his considerable influence behind efforts to bring legalized sportsbetting to Texas...

Chicago considering measure to lift city-wide sportsbetting prohibition

Adam Morgan

July 22, 2021

Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, MLB, Online gambling regulation, Gaming Industry News, Economy/Finance, Licenses, Sports betting, Online Gambling News, Taxation, Mergers, Acquisitions & Partnerships, Illinois

In the American city of Chicago and politicians are reportedly considering new legislation that would legalize sportsbetting and subsequently give five area professional sports facilities permission to host lan...

Virginia Lottery Board approves southern state’s inaugural casino regulations

Adam Morgan

July 22, 2021

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

The four-member Virginia Lottery Board has reportedly approved a wide-ranging set of proposed rules that have been designed to regulate how the southern state’s soon-to-premiere collection of five commercial la...

Substantial delay for Richmond’s envisioned One Casino and Resort

Adam Morgan

July 9, 2021

Virginia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Licenses, Taxation, Mergers, Acquisitions & Partnerships

In the southern American state of Virginia and the projected opening date for the envisioned One Casino and Resort has reportedly been pushed back by some nine months to late-2024 owing to delays associated wit...

Kenyan President approves revised 7.5% gaming turnover tax

Adam Morgan

July 7, 2021

Kenya, Gaming Law & Legislation, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Licenses, Sports betting, Taxation, Online Gambling News, Mergers, Acquisitions & Partnerships

Bookmakers in Kenya are reportedly breathing a sigh of relief this week after President Uhuru Kenyatta (pictured) put his signature to legislation that has more than halved their blanket tax rate to 7.5%. Ac...

Legalization of single-game sports wagering on the horizon in Canada

Adam Morgan

June 23, 2021

NHL, Gaming Law & Legislation, Latest Casino and Gambling News, Canada, Gaming Industry News, Economy/Finance, Licenses, The Players Lounge, Sports betting, Taxation, Online Gambling News

After many years of lobbying and sportsbetting afficionados across Canada may reportedly soon be able to legitimately place single-game wagers after the vast nation’s Senate passed legislation yesterday to lega...

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Hungarian casinos have their licenses controversially extended

Philippines regulator expecting to post improved annual tax revenues

The Hong Kong Jockey Club posts impressive annual performance

Canada to permit single-game sportsbetting from as soon as August 27

Saipan electronic slot arcade operators taking the government to court

Italian football authority calling for two-year suspension of sponsorship ban

Richmond city council agrees provisions of One Casino and Resort deal

Dallas Cowboys owner in favor of bringing legalized sportsbetting to Texas

Chicago considering measure to lift city-wide sportsbetting prohibition

Virginia Lottery Board approves southern state’s inaugural casino regulations

Substantial delay for Richmond’s envisioned One Casino and Resort

Kenyan President approves revised 7.5% gaming turnover tax

Legalization of single-game sports wagering on the horizon in Canada

Thailand Moves Closer to Legalizing Casinos with New Entertainment Complex Law

Florida’s Gambling Overhaul Bill Moves Forward, Drawing Fire from Veterans and Racing Industry

Macau’s Mass Market Gaming Dominates 1Q25, But Revenue Growth Slows

Booming Games Brings Classic Springtime Cheer in Easter Classics Online Slot

Saks Fifth Avenue Drops Plans for Midtown Casino