Taxation | World Casino News

Macau posts 1.5% comparable rise in eight-month tax revenues from gaming

September 13, 2019

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

The government of Macau has reportedly announced that it recorded a 1.5% increase year-on-year in combined tax revenues from gaming for the eight months to the end of August to approximately $9.48 billion. A...

New report casts doubts on efficacy of Illinois casino expansion plan

Adam Morgan

September 13, 2019

Latest Casino and Gambling News, Economy/Finance, Lottery, Horse Racing, Sports betting, Taxation, Illinois

In Illinois and an official report has reportedly cast considerable doubts on whether the state’s plan to license up to six additional casinos and bring gaming tables and sportsbetting to its horseracing tracks...

Investigation determines that Illinois would benefit from airport slots

Adam Morgan

August 19, 2019

Gaming Law & Legislation, Casino proposals, Casino News, Latest Casino and Gambling News, Economy/Finance, Taxation, Illinois

In Illinois and an official feasibility study has reportedly determined that the state could earn up to $18.5 million every year by bringing a complement of around 500 slots to O'Hare International Airport and ...

Genting Singapore Limited second-quarter results draw analyst concern

Adam Morgan

August 5, 2019

Latest Casino and Gambling News, Economy/Finance, Taxation, Singapore

A trio of brokerages has reportedly expressed unease over a recent revelation from Asian casino operator, Genting Singapore Limited, that its second-quarter net profit had dropped by some 5.2% year-on-year to a...

Oklahoma tribes united against plan to hike exclusivity fees

Adam Morgan

July 25, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Economy/Finance, Taxation, Sports betting, Mergers, Acquisitions & Partnerships, Oklahoma

The majority of the casino-operating tribes in Oklahoma are reportedly united in their antagonism towards a recent call from the state’s new Republican governor that they should be asked to pay a higher range o...

PAGCor disputes Casino Filipino Manila Bay debt allegations

Adam Morgan

July 25, 2019

Casino News, Latest Casino and Gambling News, Economy/Finance, Taxation, Mergers, Acquisitions & Partnerships, Philippines

The Philippines' state-owned gaming regulator has reportedly rubbished claims that its Casino Filipino Manila Bay facility had run up aggregated debts of over $41.35 million in the five years to the end of 2018...

New South Wales’ electronic gaming machine market see rise

Adam Morgan

May 23, 2019

Latest Casino and Gambling News, Australia, Economy/Finance, Taxation

The government for New South Wales has published official figures showing that the final six months of 2018 had seen electronic gaming machines in the Australian state record an almost 2.3% rise year-on-year in...

PA Gaming Control Board reports $3.38m in tax revenue from fantasy contests; Rivers Casino fined $90k

Kim M

May 20, 2019

Latest Casino and Gambling News, Gaming Industry News, Taxation, Fines, Lawsuits & Litigation, Financial Press Releases, Pennsylvania

Fantasy contests in Pennsylvania generated $22,542,688 in the first 12 months of operation, which in turn, generated 3,381,403 in tax revenue for the northeastern U.S. state. The Pennsylvania Gaming Control ...

Casino entry fees increased in Singapore

Adam Morgan

May 7, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino expansion projects, New Hotels, Licenses, Taxation, Singapore

The government of Singapore has reportedly increased the daily entry fee locals must pay in order to gamble at one of the city-state’s two giant casinos by some 50% to slightly in excess of $110 while raising t...

Indian lottery industry facing possible tax changes

Adam Morgan

February 23, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, India, Lottery, Taxation

In India, an official government panel has reportedly recommended that the country of over 1.32 billion people introduce a uniform goods and services tax on all lottery products regardless of whether these are ...

Oxford Casino revenue up; Maine town receives $180k more in 2018

Kim M

January 28, 2019

Latest Casino and Gambling News, Casino News, Economy/Finance, Taxation, Maine

In Maine, the small town of Oxford saw an uptick last year in the amount of revenue it received from the Oxford Casino Hotel versus its take from 2017. According to the Press Herald... In 2018, the town o...

Atlantic City to pay Hard Rock casino $4.8M in tax appeal settlement

Kim M

January 24, 2019

Latest Casino and Gambling News, Casino News, Taxation, New Jersey

After announcing in 2017 that a number of casino tax appeals covering casinos in Atlantic City had been settled, it appears as though the iconic Boardwalk city will be required to pay out millions after all. ...

Playtech agrees to pay €28m in Israeli back taxes

Kim M

January 7, 2019

Israel, Latest Casino and Gambling News, Taxation

Leading supplier of online gaming and sports betting software, Playtech (LON:PTEC), recently agreed to pay tax authorities in Israel €28m (approximately US$32 million) after a decade-long audit of its activitie...

Dover Downs casino open on Christmas Day for the first time ever

Kim M

December 24, 2018

Latest Casino and Gambling News, Casino News, Delaware, Taxation

Dover Downs Hotel & Casino will reportedly be open on Christmas Day for the first time ever in the small Mid-Atlantic state's history. According to the Delaware State News, for the first time since slot ...

MGM Springfield casino earnings fall $4.7m in October

Kim M

November 20, 2018

Casino News, Latest Casino and Gambling News, Casino project updates, Taxation, Financial Press Releases, Massachusetts

After what President and Chief Operating Officer for MGM Springfield, Mike Mathis called a "solid visitor volume" for the new casino's first full month of operations, a recent report reveals that players at bot...

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Macau posts 1.5% comparable rise in eight-month tax revenues from gaming

New report casts doubts on efficacy of Illinois casino expansion plan

Investigation determines that Illinois would benefit from airport slots

Genting Singapore Limited second-quarter results draw analyst concern

Oklahoma tribes united against plan to hike exclusivity fees

PAGCor disputes Casino Filipino Manila Bay debt allegations

New South Wales’ electronic gaming machine market see rise

PA Gaming Control Board reports $3.38m in tax revenue from fantasy contests; Rivers Casino fined $90k

Casino entry fees increased in Singapore

Indian lottery industry facing possible tax changes

Oxford Casino revenue up; Maine town receives $180k more in 2018

Atlantic City to pay Hard Rock casino $4.8M in tax appeal settlement

Playtech agrees to pay €28m in Israeli back taxes

Dover Downs casino open on Christmas Day for the first time ever

MGM Springfield casino earnings fall $4.7m in October

Grand Traverse Band of Indians to Open Gaming Facility in Benzonia

UK Introduces £5 Online Slot Betting Cap and Statutory Levy to Tackle Gambling Addiction

Future of Macau’s Satellite Casinos Uncertain as Key Discussions Await New Government Leadership

VGCCC Strengthens Gambling Oversight in 2023–24 Annual Report

NCLGS Proposes Model iGaming Legislation with Sweeping Reforms and Sweepstakes Ban