Taxation

Illinois Senate Adopts Progressive Tax Plan for Sports Betting, Offers Relief for Operators; House Vote Next

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Horse Racing, Sports betting, Online Gambling News, Taxation, Illinois, Taxes
In a significant legislative move, the Illinois Senate passed a bill late Sunday night that aims to transform the state's sports betting tax structure into a progressive system based on operator revenue. The ch...

Pennsylvania’s Online Sports Betting Tax: Navigating Legislative Shifts and Industry Dynamics

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News, Taxation, Taxes, Pennsylvania
Pennsylvania stands at a critical juncture in its online sports wagering industry, grappling with the implications of potential tax hikes amid a rapidly evolving regulatory landscape. As neighboring states impl...

Paf Celebrates Record €177.1 Million Revenue, Warns of Impact from Rising Gaming Taxes

Johnny K.
Sweden, Latvia, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mobile gaming, Estonia, Finland, Online Gambling News, Taxation, Taxes, Financial Press Releases
Paf has achieved a record revenue of €177.1m (£150.8m/$191.4m) in its 2023 financial year, marking a 6.9% increase from the previous year. The Nordic gaming operator also posted a notable 23% rise in net profit...

CFG Challenges Sports Betting Alliance’s Opposition to Illinois Sports Betting Tax Hike, Urges Evidence-Based Policy Decisions

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Taxation, Sports betting, Illinois, Taxes
As gambling initiatives unfold across the U.S., the Campaign for Fairer Gambling (CFG) closely scrutinizes developments, particularly in Illinois. Governor J.B. Pritzker's proposal to raise the tax on legal spo...

Brazil Mandates Gaming Licenses by End of 2024; Non-compliant Operators Face Regulatory Action

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Brazil, World Casino News, Online gambling regulation, Central & South America Gaming, Gaming Industry News, Licenses, Online Gambling News, Taxation, Licensing, Taxes
The Brazilian government has established a December 2024 deadline for gaming operators to secure licenses or face penalties starting January 1, 2025. This requirement is detailed in Normative Ordinance 827, pub...

New Coalition Agreement Increases Gaming Tax in the Netherlands to 37.8%

Johnny K.
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Taxation, Online Gambling News, Netherlands
A significant change in the gaming tax rate is set to take place in the Netherlands as outlined in the recently published coalition agreement between the PVV, VVD, NSC, and BBB factions. The budgetary annex, re...

Brazil Introduces 15% Tax on Player Prizes in Betting and Online Gambling

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Brazil, Central & South America Gaming, Gaming Industry News, Economy/Finance, Mobile gaming, Licenses, Online Gambling News, Sports betting, Taxation, Licensing, Taxes
Brazil has solidified its tax framework concerning player prizes and winnings within its burgeoning betting market. The Federal Revenue Service (RFB) of Brazil has officially outlined its stance on personal inc...

New York Senator Pursues Incremental Online Gaming Strategy with Poker-Only Legislation

Johnny K.
Casino proposals, Casino News, Gaming Law & Legislation, Latest Casino and Gambling News, Poker Law, U.S.A., World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Online Poker, Poker, Licensed online casinos in USA, Licenses, Taxation, Online Gambling News, Licensing, Taxes, New York
In the realm of online gaming legislation, New York Senator Joseph Addabbo is recalibrating his approach. Faced with the challenge of garnering support for a comprehensive bill encompassing iGaming, online poke...

Nevada Gaming Income Down in March; First Drop in 8 Months

Marija Malenovic
Casino News, Latest Casino and Gambling News, Las Vegas, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Sports betting, Taxation, Taxes, Financial Press Releases, Nevada
According to profit data released by the Nevada Gaming Control Board (NGCB) on April 25, gaming earnings collected by the state has seen a drop over the past month. In addition, the drop occurred for the 1st ti...

Saracen Casino Seeks Regulatory Amendment to Launch iGaming in Arkansas

Radosav Milutinovic
Arkansas, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino News, Online gambling regulation, Casino expansion projects, Gaming Industry News, Online Poker, Mobile gaming, Economy/Finance, Horse Racing, Licenses, Online Gambling News, Sports betting, Taxation
After the 2022 legalization of online sports betting in Arkansas had already resulted in significant revenue figures, Saracen Casino Resort in Pine Bluff is seeking regulatory approval to launch an iGaming ...

Jake’s 58 Breaking Ground for $210 Million Expansion Project in Islandia; New York to Suspend Property Taxes to Village Residents

Radosav Milutinovic
Gaming Law & Legislation, U.S.A., Casino News, Latest Casino and Gambling News, Casino expansion projects, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Horse Racing, Taxation, New York
The Suffolk branch of the New York City Off-Track Betting Corporation is breaking ground today, on 15 April 2024, for a $210 million expansion of Jake's 58 Casino Hotel facility operated by the public benefit c...

Bally’s Chicago Reports 12.7% Revenue Growth in March 2024 as Bally’s Corp. Mulls Takeover Bid

Marija Malenovic
Casino Sales, Casino News, Latest Casino and Gambling News, U.S.A., New Hotels, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Taxation, Illinois, Taxes, Financial Press Releases, Rhode Island
Following a takeover bid by its biggest shareholder, an $800m financing gap for the construction of a planned Chicago casino, a project worth $1.7bln, and a credit downgrade by the rating agencies, business flo...

Romania Bans Gambling Facilities in Less Populated Areas to Combat Illegal Operators

Radosav Milutinovic
Gaming Law & Legislation, Casino Destinations, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Unlicensed Operation, Licenses, Taxation, Sports betting, Online Gambling News, Romania
Following the Prime Minister's approval, the Romanian Chamber of Deputies passed a law to ban land-based gambling operations in small cities and villages with populations of less than 15,000 residents. As repor...