Taxation | World Casino News

Cancun visitors to pay new 10 percent gaming tax

December 12, 2016

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

New taxes in the Mexican state of Quintana Roo, which includes the leisure and gambling destinations of Cancun and Playa del Carmen, have been approved by the congress there. Included in the revenue package was...

Strike brings Argentina casino sector to a halt

Adam Morgan

December 7, 2016

Argentina, Latest Casino and Gambling News, Gaming Industry News, Taxation

Casino gaming in Argentina has been brought to a virtual standstill after three unions joined forces on Monday to call an indefinite strike in protest at the possible introduction of new taxes currently being c...

Japan’s lower house passes casino bill; Expected to be signed into law by Dec. 14

Lars Jones

December 6, 2016

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

Japan has taken another major step toward lifting the country's ban on casinos and opening what could become one of the world's most lucrative gaming markets. On Tuesday, the lower house of the Diet (parliam...

Israeli authorities looking into billionaire James Packer’s ties with Israeli Prime Minister Benjamin Netanyahu’s family

Renee Kingsley

December 2, 2016

Israel, Latest Casino and Gambling News, Australia, Taxation

Australian billionaire James Packer who is the biggest shareholder in Crown Resorts has come under the radar of Israeli authorities after showering Israeli Prime Minister Benjamin Netanyahu and his family with ...

In depth: New York casino tax breaks draw criticism

Adam Morgan

November 28, 2016

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

In New York, four new casino resorts are set to begin operations from as early as next week amid criticism that previously agreed arrangements with local governments will see a trio of the properties benefiting...

Michigan tribe distributes portion of net slot earnings

Adam Morgan

November 19, 2016

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

In Michigan, the Saginaw Chippewa Indian Tribe has announced that it has handed out just over $3 million to local schools and governments as part of the semi-annual distribution of net earnings from slots at it...

Islandia 2017 budget proposal fattened by OTB casino revenue

Kim M

November 17, 2016

Latest Casino and Gambling News, Casino project updates, Economy/Finance, Taxation, New York

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As a result of the expected revenue from a Suffolk OTB casino being developed in the Marriott Hotel, a $4.4 million budget for 2017 has been proposed by Islandia officials. According to Islandia Mayor Allan ...

New Tax Regulation Cuts Russian Bookmakers Some Slack

Alex Lanter

November 17, 2016

Gaming Law & Legislation, Online gambling regulation, Taxation, Russia

This week brought another break for Russian sport betting providers, as the Russian government decided to reduce the size of mandatory taxes that bookmakers have to pay to support the sport bodies in the countr...

Rivers Casino agrees to pay Pittsburgh $10 million in gambling tax revenue till 2017

Renee Kingsley

November 15, 2016

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

The city of Pittsburgh announced in early October that it had requested the Rivers Casino to voluntarily remit $10 million in gambling taxes. City officials stated that discussions between casino officials and ...

Pennsylvania legislator offers reassurance on casino tax debacle

Adam Morgan

November 3, 2016

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

Despite adjourning for the remainder of the year last week without approving a measure that would have reinstated a local share tax on casino revenues, a Pennsylvania legislator is advising potentially worried ...

Tinian Dynasty Casino owner faces federal tax lien

Sadonna Price

November 1, 2016

Latest Casino and Gambling News, Economy/Finance, Taxation, Fines, Lawsuits & Litigation, Saipan

On Friday, the United States Internal Revenue Service filed a notice of federal tax lien against Hong Kong Entertainment (Overseas) Investment Ltd. The company is the owner of the Tinian Dynasty Hotel & Cas...

Philippine Supreme Court upholds Solaire’s exemption from corporate taxes

Kim M

November 1, 2016

Latest Casino and Gambling News, Economy/Finance, Taxation, Fines, Lawsuits & Litigation, Philippines

The Supreme Court of the Philippines has upheld its decision that declared Bloomberry Resorts and Hotels, Inc.’s (Bloomberry)(BLOOM.PS) exemption from paying a corporate tax, imposed by the Bureau of Internal R...

Pennsylvania legislators adjourn without resolving casino tax shortfall

Adam Morgan

October 29, 2016

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

In Pennsylvania, legislators have adjourned for the remainder of the year without approving controversial legislation that would have legalized online gambling and reinstated a local share tax on casino revenue...

Ministry Of Finance proposes new tax on Russian bookmakers

Adam Morgan

October 27, 2016

Latest Casino and Gambling News, Sports betting, Taxation, Russia

In Russia, the Ministry Of Finance has published proposed amendments for the nation’s gambling laws that could see bookmakers and tote operators required to hand over a significant portion of their quarterly pr...

Borgata Casino says no deal made with Atlantic City as outlined in proposed recovery plan

Renee Kingsley

October 26, 2016

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

Mayor Don Guardian and Atlantic City legislators submitted a proposed financial recovery plan that was a 125 pages long outlining what the beleaguered city plans to do in the next 5 years to reduce its $500 mil...

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Cancun visitors to pay new 10 percent gaming tax

Strike brings Argentina casino sector to a halt

Japan’s lower house passes casino bill; Expected to be signed into law by Dec. 14

Israeli authorities looking into billionaire James Packer’s ties with Israeli Prime Minister Benjamin Netanyahu’s family

In depth: New York casino tax breaks draw criticism

Michigan tribe distributes portion of net slot earnings

Islandia 2017 budget proposal fattened by OTB casino revenue

New Tax Regulation Cuts Russian Bookmakers Some Slack

Rivers Casino agrees to pay Pittsburgh $10 million in gambling tax revenue till 2017

Pennsylvania legislator offers reassurance on casino tax debacle

Tinian Dynasty Casino owner faces federal tax lien

Philippine Supreme Court upholds Solaire’s exemption from corporate taxes

Pennsylvania legislators adjourn without resolving casino tax shortfall

Ministry Of Finance proposes new tax on Russian bookmakers

Borgata Casino says no deal made with Atlantic City as outlined in proposed recovery plan

Bulgaria Extends Gambling Self-Exclusion Period to One Year

Macau’s 2025 Gaming Revenue Growth Forecasted with Caution Amid Economic Uncertainty

Italy’s Gambling Advertising Ban Heads to EU Court for Final Ruling

ATG and Suomen Hippos Join Forces to Launch Betting Company in Finland

Workers at Caesars Southern Indiana Casino Vote to Authorize Strike