Taxation | World Casino News

Grand redevelopment plans for Harrah’s New Orleans

December 9, 2020

Latest Casino and Gambling News, Casino 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, Online Gambling News, Sports betting, Taxation, 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...

Macau gaming taxes show slow signs of recovery in October

Adam Morgan

November 12, 2020

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

The government of Macau has reportedly announced that the city’s 39 casinos handed over almost $117.12 million in aggregated gaming taxes for October to take their combined ten-month tally to just above $3.04 b...

Paradise Company Limited being investigated by South Korean tax authority

Adam Morgan

November 9, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Economy/Finance, Tax Evasion, Taxation, Crime, Financial Fraud, South Korea

South Korean casino operator Paradise Company Limited has reportedly confirmed that it is one of the many subjects of an official investigation looking into a range of tax-related wrongdoing allegations. Acc...

Voters endorse plans to bring casino gambling to four Virginia communities

Adam Morgan

November 4, 2020

As part of yesterday’s hotly-contested American elections and voters in four Virginia cities reportedly approved local ballot initiatives that are set to see each locality play host to an individual casino. ...

Month-long national lockdown being contemplated for England

Adam Morgan

November 2, 2020

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

In the United Kingdom and the government of Prime Minister Boris Johnson (pictured) has reportedly announced that he will be asking for parliamentary permission to implement a second substantial coronavirus-rel...

BOS applauds dismissal of Swedish horseracing levy proposal

Adam Morgan

October 30, 2020

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

In Sweden and the Branscheforenigen for Onlinespel (BOS) trade association has reportedly welcomed a government decision to dismiss the imposition of a proposed mandatory sportsbetting levy for horseracing. ...

PAGCor continuing to count the cost of coronavirus closures

Adam Morgan

October 28, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Casino closures, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Philippines

The Philippine Amusement and Gaming Corporation (PAGCor) has reportedly announced that its aggregated gross gaming revenues for the first nine months of the year dropped by 60% on a comparative basis to around ...

Rank Group executive slams government’s latest coronavirus-related closures

Adam Morgan

October 22, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Employment & Careers, Taxation, United Kingdom

In the United Kingdom and a senior executive for land-based and online gaming operator Rank Group has criticized a government decision that is to see casinos and bingo halls temporarily closed across large trac...

Illinois gaming industry hit hard by coronavirus

Adam Morgan

October 6, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Economy/Finance, Lottery, Online Gambling News, Sports betting, Taxation, Illinois

The American state of Illinois reportedly saw aggregated tax revenues from gambling for the twelve months to the end of June fall by 13.4% year-on-year largely due to the impact of the coronavirus pandemic. ...

Cambodian casino legislation passes important hurdle

Adam Morgan

October 6, 2020

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

In Cambodia and draft legislation that would establish the basic capital requirements for any firm hoping to open a casino was reportedly yesterday overwhelmingly approved by the Asian country’s National Assemb...

ATG boss lambastes Swedish authorities for lack of financial support

Adam Morgan

September 29, 2020

Sweden, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Horse Racing, Online Gambling News, Sports betting, Taxation

In Sweden and the boss for the nation’s newly-privatized AB Trav och Galopp (ATG) horseracing operator has reportedly criticized the government for failing to make locally-licensed sportsbetting firms financial...

Macau legislator comes out in favor of limited legalized iGaming

Adam Morgan

September 23, 2020

Latest Casino and Gambling News, Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Lottery, Online Gambling News, Macau, Sports betting, Taxation

In Macau and a senior legislator has reportedly urged the government to consider legalizing some forms of iGaming so as to help the city’s public coffers recover from the ongoing impact of the coronavirus pande...

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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

Macau gaming taxes show slow signs of recovery in October

Voters endorse plans to bring casino gambling to four Virginia communities

Month-long national lockdown being contemplated for England

BOS applauds dismissal of Swedish horseracing levy proposal

PAGCor continuing to count the cost of coronavirus closures

Rank Group executive slams government’s latest coronavirus-related closures

Cambodian casino legislation passes important hurdle

ATG boss lambastes Swedish authorities for lack of financial support

Macau legislator comes out in favor of limited legalized iGaming

PH Resorts Abandons Cebu Casino Bid After PAGCOR Action

Rivalry Reports Record Ontario Momentum Following Restructuring

Brazil Advances Bill Cutting Tax Breaks and Raising Betting Taxes

Japan Outlines 2027 Timeline for Next Casino IR Round

Finnish Parliament Clears Path for Licensed Gambling Market