Taxation | World Casino News

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

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

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

Pennsylvania Senate approves temporary extension to fix local casino tax

Kim M

October 26, 2016

Latest Casino and Gambling News, Taxation, Pennsylvania

In a 47-1 preliminary vote on Tuesday night, the Pennsylvania Senate overwhelmingly approved legislation to temporarily reinstate a mandate that requires casinos to pay host communities millions of dollars, aft...

Tigre de Cristal casino generates more than $8 million in taxes during first year of operation

Renee Kingsley

October 23, 2016

Latest Casino and Gambling News, Taxation, Russia, Russia

The Tigre de Cristal was the first casino to open in Russia’s Primorye Integrated Entertainment Zone, a special economic zone created by the government for the casino industry. Hong Kong based Summit Ascent Hol...

Cambodian Government and casino industry hold discussions regarding proposed casino bill

Renee Kingsley

October 22, 2016

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

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The Cambodian government has encouraged the casino industry to flourish in the country and its 69 licensed casinos have witnessed a combined increase in revenues during the first nine months of this year bringi...

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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

Tigre de Cristal casino generates more than $8 million in taxes during first year of operation

Cambodian Government and casino industry hold discussions regarding proposed casino bill

Macau Gaming Revenue Soars With Record August Forecasts

Nevada Raises Concerns Over FanDuel’s CME Prediction Market Partnership

ED Probes MLA Veerendra’s Foreign Casino Connections

Team King Finalizes IPI Casino Asset Purchase Amid Lingering Questions

VGW to Exit Canada: Chumba Casino and Global Poker Shutting Down This Fall