Taxation | World Casino News

Gambling taxes now account for almost 78% of all Macau government revenues

December 30, 2016

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

The government of Macau has reportedly revealed that it raked in $9.11 billion from gambling taxes over the first eleven months of 2016 with the amount accounting for some 77.8% of all revenues. According to...

Rivers Casino joins three other PA casinos and agrees to host community fee

Kim M

December 28, 2016

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

Rivers Casino officials and Mayor William Peduto’s (pictured) administration reached a final agreement this week to pay a $10 million local government assessment in 2017 after the City Council tentatively appro...

Pennsylvania Senator summons casino officials to Harrisburg Jan. 3

Lars Jones

December 25, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Economy/Finance, Taxation, Fines, Lawsuits & Litigation, Pennsylvania

Sen. Kim Ward, R-Westmoreland, has called on officials from Pennsylvania's 12 gambling concerns to meet in the Capital soon after the holidays. The senator says changes are needed in the state's gambling laws a...

Pagcor to control all online gambling licenses, clarifies Duterte ‘closures’

Lars Jones

December 24, 2016

Latest Casino and Gambling News, Online gambling regulation, Licenses, The Players Lounge, Taxation, Online Gambling News, Licensing, Philippines

Yesterday, the Philippine Amusement and Gaming Corp. (Pagcor) walked back a statement from the country's president that indicated all online gaming operators would be put out of business with no exceptions. And...

Poland Legislators Approve Gambling Law Amendments

Alex Lanter

December 23, 2016

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

The much-debated amendments to Poland’s Gambling Act have finally been approved by the legislative chambers of the Polish parliament and all that’s left now for the bill to be passed is a signature from Preside...

Philippines president orders Jack Lam’s assets seized

Sadonna Price

December 19, 2016

Latest Casino and Gambling News, Economy/Finance, Tax Evasion, Taxation, Philippines

Rodrigo Duterte, the president of the Philippines, has ordered that all gaming assets of Jack Lam Yin Lok be seized. This order was issued after Lam allegedly failed to pay the correct taxes. Local media is rep...

Most Pennsylvania casinos have agreed to pay host fee in absence of new legislation

Renee Kingsley

December 19, 2016

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

The Parx Casino in Bensalem recently announced that it will continue to give its host communities their casino fees in 2017 irrespective of whether state legislators can keep their promise to restore the host f...

Idaho horse racing on the rocks, racing commission with no spending authority

Lars Jones

December 15, 2016

Horse Racing, Latest Casino and Gambling News, Technology, Casino closures, Economy/Finance, Taxation, Idaho, Bankruptcy

A legislative audit earlier this week stated that the Idaho Racing Commission ran afoul of the law when it disbursed funds from the now shuttered Les Bois Park's historical/instant racing machines. The race tra...

Indiana tax revenue may suffer $350m loss from tribal casino

Alex Lanter

December 14, 2016

Casino proposals, Tribal Gaming, Economy/Finance, Taxation, Indiana

According to a report from global independent research agency Spectrum Gaming Group (SGG), the upcoming Four Winds Casino in South Bend Indiana will cause a $350 million hit on Indiana’s tax revenues during its...

Cancun visitors to pay new 10 percent gaming tax

Lars Jones

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

Latest Casino and Gambling News, Argentina, 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

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, 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

Latest Casino and Gambling News, Australia, Israel, 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...

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Gambling taxes now account for almost 78% of all Macau government revenues

Rivers Casino joins three other PA casinos and agrees to host community fee

Pennsylvania Senator summons casino officials to Harrisburg Jan. 3

Pagcor to control all online gambling licenses, clarifies Duterte ‘closures’

Poland Legislators Approve Gambling Law Amendments

Philippines president orders Jack Lam’s assets seized

Most Pennsylvania casinos have agreed to pay host fee in absence of new legislation

Idaho horse racing on the rocks, racing commission with no spending authority

Indiana tax revenue may suffer $350m loss from tribal casino

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

Marina Bay Sands Penalized for Breaching Singapore Casino Promotion Rules

Macau Casinos Achieve Record Post-Pandemic Gaming Revenues in July 2024

Tribal Gaming Revenue Hits Record $43.9 Billion in 2024

Star Entertainment’s Queen’s Wharf Sale Collapses, Company Faces Financial Strain

Tilman Fertitta Pauses Las Vegas Casino Development Due to Wynn Ownership