Taxation | World Casino News

Pennsylvania High Court says it is not mandatory for casinos to make payments to host communities

September 30, 2016

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

Pennsylvania’s casino industry not only generates a significant amount of revenue in the form of gambling taxes for the state government but also makes large charity payments to the local host counties and muni...

Report; taxes on slot machines and betting shops to double in the Russian Federation

Kim M

September 26, 2016

Latest Casino and Gambling News, Taxation, Russia, Russia

The tax for slot machines and betting shops in the Russian Federation will be doubled by the Russian Finance Ministry, according to an Asia Gaming Brief report. The news agency reports that Deputy Finance Mi...

Bloomberry Resorts Corp prevails in tax case

Kim M

September 6, 2016

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

Solaire Resort and Casino owner and operator Bloomberry Resorts Corp (BLOOM.PS) says that the Supreme Court of the Philippines has decided in its favor regarding a corporate tax imposed by the Bureau of Interna...

Horseshoe Casino pays Baltimore nearly $23 million during second year

Renee Kingsley

September 5, 2016

Latest Casino and Gambling News, Taxation, Maryland

The Horseshoe Casino in Baltimore celebrated its second anniversary on August 26 and has continued to experience good success, recording more than 4 million visits during this year and revenue of over $283 mill...

Cambodian government conducts audit on NagaWorld casino after finding discrepancies in tax filings

Renee Kingsley

August 31, 2016

Latest Casino and Gambling News, Cambodia, Taxation, Fines, Lawsuits & Litigation

The NagaWorld casino in Phnom Penh is the biggest casino in the region and has had great success in both gaming and non-gaming operations over the years. The casino is currently being audited by the Cambodian g...

Kenya set to pass new bill that will impose higher taxes on the gaming industry

Renee Kingsley

August 29, 2016

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

Lawmakers in Kenya first introduced the Betting, Lotteries and Gaming Bill into the National Assembly in June 2015 as the government was looking to impose a 7.5 percent tax on bookmakers and generate more reven...

Mount Airy Casino Resort challenging Pennsylvania slot tax law

Adam Morgan

August 24, 2016

Latest Casino and Gambling News, Taxation, Fines, Lawsuits & Litigation, Pennsylvania

After having its gaming license renewed two weeks ago by the Pennsylvania Gaming Control Board, Mount Airy Casino Resort is now reportedly asking the Pennsylvania Supreme Court to annul a regulation that requir...

Taj Mahal closure will not impact PILOT money paid to Atlantic City

Renee Kingsley

August 22, 2016

Gaming Law & Legislation, Latest Casino and Gambling News, Casino closures, Taxation, New Jersey

Atlantic City has already witnessed the closure of four casinos since 2014 and will lose its fifth casino on October 10 when the Trump Taj Mahal casino shutsdown for good. Billionaire Carl Icahn decided to clos...

Goa substantially increases casino licensing fees

Adam Morgan

August 16, 2016

Latest Casino and Gambling News, India, Taxation

In India, the government for the small state of Goa has passed legislation that considerably increases the license fees for land-based casinos while introducing two new offshore casino licensing categories. ...

Ohio lawmaker wants to change casino tax money allocation

Adam Morgan

August 16, 2016

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

In Ohio, a local lawmaker has announced that he intends to unveil a proposal during the autumn legislative session that would change the way tax revenues from the state’s four casinos are shared out. Under t...

Stalled Baha Mar Casino Resort caused the Bahamas to lose over $315 million in revenue

Renee Kingsley

August 16, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Casino project updates, Bahamas, Employment & Careers, Taxation, Fines, Lawsuits & Litigation

Sarkis Izmirlian and his group of financial investors pumped in $3.5 billion to develop the Baha Mar Casino Resort in the Bahamas and initially expected the casino resort to be opened in December 2014. The mega...

Tax holiday set to end for Entertainment City casinos

Adam Morgan

August 13, 2016

Latest Casino and Gambling News, Taxation, Philippines

After previously taking aim at the online gambling sector, the administration of newly-elected Philippine President Rodrigo Duterte has now turned his attention to the nation’s land-based casino industry by ann...

Gaming Commission Chairman believes Massachusetts will benefit greatly from its two new casinos

Renee Kingsley

August 10, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Casino openings, Taxation, Massachusetts

While there has been a lot of debate and opposition to the proposed MGM Springfield and Wynn Boston Harbor casinos in Massachusetts, Steve Crosby the Gaming Commission Chairman remains confident that the casino...

Best Sunshine Live Casino responsible for generating significant revenue for CNMI government

Renee Kingsley

August 4, 2016

Latest Casino and Gambling News, Economy/Finance, Taxation, Northern Mariana Islands, Saipan

The Best Sunshine Live Casino located in Saipan which is a part of the Commonwealth of the Northern Mariana Islands (CNMI) has been open for just over a year and has already contributed a significant amount of ...

Arizona tribal casino contributions fall for second consecutive quarter

Adam Morgan

August 3, 2016

Latest Casino and Gambling News, Tribal Gaming, Arizona, Taxation

The Arizona Department Of Gaming has announced that public bodies in the state can expect to receive just over $25 million in contributions from tribal gaming operations for the second quarter of the year, whic...

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Pennsylvania High Court says it is not mandatory for casinos to make payments to host communities

Report; taxes on slot machines and betting shops to double in the Russian Federation

Bloomberry Resorts Corp prevails in tax case

Horseshoe Casino pays Baltimore nearly $23 million during second year

Cambodian government conducts audit on NagaWorld casino after finding discrepancies in tax filings

Kenya set to pass new bill that will impose higher taxes on the gaming industry

Mount Airy Casino Resort challenging Pennsylvania slot tax law

Taj Mahal closure will not impact PILOT money paid to Atlantic City

Goa substantially increases casino licensing fees

Ohio lawmaker wants to change casino tax money allocation

Stalled Baha Mar Casino Resort caused the Bahamas to lose over $315 million in revenue

Tax holiday set to end for Entertainment City casinos

Gaming Commission Chairman believes Massachusetts will benefit greatly from its two new casinos

Best Sunshine Live Casino responsible for generating significant revenue for CNMI government

Arizona tribal casino contributions fall for second consecutive quarter

Genting Berhad Announces Leadership Transition as Lim Kok Thay Steps Down as CEO

Queensland Government Launches Comprehensive Racing Industry Review

Victoria Gambling Regulator Fines Peninsula Club Over Underage Gambling

Thailand Revises Casino Entry Rules, Drops $1.5M Bank Balance Requirement

Whiskey Pete’s Casino Closure: A Three-Year Hiatus in Primm