Taxation | World Casino News

Icahn gets initial nod for $5.6M grant to help demo former Trump Plaza

November 23, 2017

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

Preliminary approval for $5.6 million grant has been given to billionaire businessman Carl Icahn (pictured) by a New Jersey redevelopment agency to help cover a portion of the demolition cost of the shuttered T...

Macau profits from gaming taxes to the tune of $8.54 billion

Adam Morgan

October 25, 2017

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

In Macau, the government has reportedly revealed that direct taxes from gaming for the first nine months of 2017 rose by 17.5% year-on-year to hit $8.54 billion and account for some 80.9% of all state revenues....

Online gaming approved on Tinian

Alex Lanter

September 26, 2017

U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Taxation, Northern Mariana Islands

Online gaming on Tinian was, on Friday, Sept 22, 2017, officially approved by the Tinian and Aguiguan Legislative Delegation as a local measure amending the 1989 Casino Gaming Control Act of Tinian, local news ...

Georgia to offer gambling control contract

Lars Jones

September 22, 2017

Latest Casino and Gambling News, Taxation, Georgia-Eurasia

The Revenue Service of the Ministry of Finance of Georgia (RS) is inviting expressions of interest in the country's gambling control regimen. The Revenue Service seeks candidates or corporate groups interested ...

Valencia raises its gaming taxes

Kim M

September 18, 2017

Latest Casino and Gambling News, Gaming Law & Legislation, Taxation, Spain

Beginning next year, slot machines and casino games will reportedly see an increase in taxes courtesy of the government of Valencia. G3Newswire reports that the new rules in the autonomous community of Spain...

Puerto Rico slot operators criticize proposed license fee increase

Adam Morgan

August 7, 2017

Latest Casino and Gambling News, Gaming Law & Legislation, Taxation, Puerto Rico

1

In Puerto Rico, the spokesman for a group of local electronic gaming machine operators has reportedly warned that the sector could lose up to 9,000 jobs over the course of the next few months if the government ...

New Jersey settles long-running Atlantic City casino tax appeal cases

Adam Morgan

August 4, 2017

Latest Casino and Gambling News, Taxation, Fines, Lawsuits & Litigation, New Jersey

In New Jersey, a state-appointed mediator has reportedly resolved a series of long-running casino tax appeal cases after agreeing to settlement deals with seven Atlantic City casinos. According to a report f...

Resorts World Manila license revocation hurting Philippines tax revenues

Adam Morgan

June 28, 2017

Latest Casino and Gambling News, Casino News, Licenses, Taxation, Crime, Philippines

In the Philippines, the recent decision by the Philippine Amusement and Gaming Corporation regulator to revoke the casino license of Resorts World Manila following a deadly shooting and arson attack is reported...

Finance Minister confirms 28% GST for India’s privately-run lotteries

Alex Lanter

June 19, 2017

Latest Casino and Gambling News, India, Lottery, Taxation

The governing body responsible for overseeing India's goods and services tax (GST) system, announced a new dual tax rate on lottery tickets on Sunday, right before the confirmed July 1 roll-out of the new indir...

Kenya to institute 35% revenue tax on online gambling operators

Adam Morgan

June 19, 2017

Kenya, Latest Casino and Gambling News, Gaming Law & Legislation, Online Gambling News, Taxation

1

Last week saw legislators in Kenya reportedly agree to a compromise with the African nation’s long-serving president that will see all licensed online gambling operators subjected to a 35% revenue tax on top of...

Ireland launches betting tax review

Kim M

May 25, 2017

Ireland, Latest Casino and Gambling News, Gaming Law & Legislation, Taxation

Ireland’s Department of Finance recently announced that it is in the process of reviewing its current betting tax regime, possibly easing operator’s burden shifting instead to the punter. The review, which i...

Friday deadline for new Pennsylvania casino host fee legislation

Adam Morgan

May 22, 2017

Latest Casino and Gambling News, Gaming Law & Legislation, Taxation, Pennsylvania

Ahead of a looming Friday deadline, legislators in Pennsylvania are reportedly hoping to pass a measure that would reinstate a version of the eastern state’s controversial casino host fees policy so that local ...

Casino tax rate in New Jersey lower than regional competition

Kim M

May 9, 2017

Latest Casino and Gambling News, Economy/Finance, Taxation, Indepth / Featured Articles, New Jersey

In 2015, New Jersey’s casinos paid $237.09 million in gaming tax revenue, substantially less than what casinos in other states pay. The state’s gross casino gaming revenue was $2.563 billion in 2015. New Jer...

Penn National Gaming Incorporated warns against steep iGaming tax rates

Adam Morgan

May 2, 2017

Latest Casino and Gambling News, Online gambling regulation, Taxation, Pennsylvania

As the debate on whether to legalize online gambling in Pennsylvania continues, American casino firm Penn National Gaming Incorporated has warned legislators against setting the tax rate for iGaming operations ...

Harness racing returning to Vernon Downs Casino Hotel from Friday

Adam Morgan

May 1, 2017

Latest Casino and Gambling News, Horse Racing, Taxation, New York

Following a two-week delay, harness racing will reportedly return to upstate New York’s Vernon Downs Casino Hotel from Friday with an expectation that the state will be providing the Oneida County racetrack wit...

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Icahn gets initial nod for $5.6M grant to help demo former Trump Plaza

Macau profits from gaming taxes to the tune of $8.54 billion

Online gaming approved on Tinian

Georgia to offer gambling control contract

Valencia raises its gaming taxes

Puerto Rico slot operators criticize proposed license fee increase

New Jersey settles long-running Atlantic City casino tax appeal cases

Resorts World Manila license revocation hurting Philippines tax revenues

Finance Minister confirms 28% GST for India’s privately-run lotteries

Kenya to institute 35% revenue tax on online gambling operators

Ireland launches betting tax review

Friday deadline for new Pennsylvania casino host fee legislation

Casino tax rate in New Jersey lower than regional competition

Penn National Gaming Incorporated warns against steep iGaming tax rates

Harness racing returning to Vernon Downs Casino Hotel from Friday

At Least Three Lawsuits Follow Rivers Casino Data Breach

Flutter Adjusts US Revenue Projections After NFL Betting Trends

Fontana Casino in Clark Ordered to Halt Operations Indefinitely

Manhattan Community Board Opposes $12B Hudson Yards Casino Project Amid Local Criticism

US Horse Racing Wagering Falls for Third Year as Industry Faces Declining Participation and Revenue