Taxation | World Casino News

Kangwon Land Casino facing higher tax bill for license extension

February 24, 2021

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

In South Korea and an influential committee of the county’s National Assembly has reportedly recommended a legislative revision that could see Kangwon Land Casino obliged to pay a higher rate of tax in exchange...

Macau chalks up a substantial drop in annual casino tax revenues

Adam Morgan

February 19, 2021

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

The government of Macau has reportedly announced that 2020 saw the annual tax contribution from the city’s collection of almost 40 casinos plunge by 73.6% year-on-year to stand at approximately $3.73 billion. ...

Coronavirus precautions continuing to hurt Massachusetts gaming revenues

Adam Morgan

February 17, 2021

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

The trio of large gambling-friendly facilities in the eastern American state of Massachusetts reportedly had a disheartening January as their aggregated gross gaming revenues fell by about 28.2% year-on-year to...

Kentucky State Senate passes historical racing games legislation

Adam Morgan

February 10, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Horse Racing, Gaming Industry News, Economy/Finance, Sports betting, Taxation, Kentucky

The Kentucky State Senate reportedly passed legislation yesterday that would officially change the definition of parimutuel wagering so as to allow licensed facilities in the southern state to continue offering...

Yokohama holds inaugural integrated casino resort public briefing

Adam Morgan

February 8, 2021

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

In Japan and officials in the city of Yokohama have reportedly held the first of six online briefings so as to lay out the specific direction of their campaign to win one of the nation’s coming trio of integrat...

Gulfside Casino Partnership officially awarded fourth Arkansas casino license

Adam Morgan

February 2, 2021

Arkansas, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Casino proposals, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Licenses, Taxation, Fines, Lawsuits & Litigation

In the southern American state of Arkansas and an entity known as Gulfside Casino Partnership has reportedly been given official permission to build and operate a new $254 million resort casino being envisioned...

British horseracing industry suffers fresh government disappointment

Adam Morgan

January 15, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Horse Racing, Gaming Industry News, Economy/Finance, Sports betting, Taxation, United Kingdom

In the United Kingdom and the horseracing industry has reportedly been told that the government has no intention of launching a formal review into the nation’s Horserace Betting Levy before the end of the year....

Restrained return for Chilean casinos following coronavirus closures

Adam Morgan

January 15, 2021

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

The collection of eleven private and state-run casinos in Chile reportedly chalked up aggregated gross gaming revenues of $5.9 million last month and paid roughly $1.8 million in combined taxes. According to...

Live! Casino and Hotel Philadelphia to officially open from February 11

Adam Morgan

January 7, 2021

Latest Casino and Gambling News, Casino News, New Hotels, Casino openings, Economy/Finance, Sports betting, Taxation, Mergers, Acquisitions & Partnerships, Pennsylvania

In eastern Pennsylvania and the $600 million Live! Casino and Hotel Philadelphia is reportedly set to officially open to the public from February 11 following a little over two years of construction. Accordi...

Japan publishes final segment of ‘Basic Policy’ casino criteria document

Adam Morgan

December 21, 2020

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

In Japan and the coalition government of Prime Minister Yoshihide Suga (pictured) has reportedly published the concluding segment of its definitive criteria for those jurisdictions hoping to win the right to ho...

United Kingdom kicks off comprehensive gaming market review

Adam Morgan

December 10, 2020

Gaming Law & Legislation, Online gaming software, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Lottery, The Players Lounge, Licenses, Sports betting, Online Gambling News, Taxation, United Kingdom

In the United Kingdom and the government of Prime Minister Boris Johnson (pictured) has reportedly started its wide-ranging review into existing gambling laws by releasing its ‘terms of reference’ via 45 questi...

Grand redevelopment plans for Harrah’s New Orleans

Adam Morgan

December 9, 2020

Casino News, Latest Casino and Gambling News, Casino expansion projects, New Hotels, Gaming Industry News, Economy/Finance, Licenses, Taxation, Louisiana

Newly-enlarged casino operator Caesars Entertainment Incorporated has just unveiled plans that are to see it spend approximately $325 million in order to renovate and expand its Harrah’s New Orleans property. ...

Overseas gamblers to be exempt from coming Japanese casino prize taxation

Adam Morgan

December 4, 2020

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

In Japan and a prominent member of the ruling Liberal Democratic Party has reportedly pronounced that non-resident gamblers will not have to pay tax on any prizes they may win at the nation’s coming trio of int...

Spanish gambling industry enduring stark coronavirus-induced decline

Adam Morgan

December 3, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Employment & Careers, Lottery, Sports betting, Taxation, Online Gambling News, Spain

In Spain and aggregated gross gaming revenues for the first ten months of 2020 reportedly decreased by 50% year-on-year to approximately €4.3 billion ($5.2 billion) owing to the impacts of the ongoing coronavir...

Long-awaited Cambodia casino legislation receives royal assent

Adam Morgan

November 20, 2020

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

In Cambodia and legislation has reportedly been enacted to more clearly establish the basic licensing requirements and operating conditions for the nation’s often hodgepodge land-based casino market. Accordi...

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Macau chalks up a substantial drop in annual casino tax revenues

Kentucky State Senate passes historical racing games legislation

Yokohama holds inaugural integrated casino resort public briefing

Gulfside Casino Partnership officially awarded fourth Arkansas casino license

British horseracing industry suffers fresh government disappointment

Restrained return for Chilean casinos following coronavirus closures

Japan publishes final segment of ‘Basic Policy’ casino criteria document

United Kingdom kicks off comprehensive gaming market review

Grand redevelopment plans for Harrah’s New Orleans

Overseas gamblers to be exempt from coming Japanese casino prize taxation

Spanish gambling industry enduring stark coronavirus-induced decline

Long-awaited Cambodia casino legislation receives royal assent

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