Taxation | World Casino News

Islandia 2017 budget proposal fattened by OTB casino revenue

November 17, 2016

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

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, Taxation, Sports betting, 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...

Casino tax revenue in Cambodia increases more than one-third

Kim M

October 19, 2016

Latest Casino and Gambling News, Cambodia, Taxation

A report issued on Tuesday by Cambodia’s Ministry of Economy and Finance (MEF) indicates that over the first nine months of 2016, one-third more tax was contributed by the country’s casino industry. Accordin...

Sanum Investments wins round in legal fight with Laos gov’t

Kim M

October 5, 2016

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

Sanum Investments, a subsidy of Lao Holdings NV, which formerly managed the Savan Vegas Hotel and Casino located in the Savannakhet Province of Laos, has successfully argued its legal case against the governmen...

Biloxi collects money from the state from casino rent

Kim M

October 2, 2016

Latest Casino and Gambling News, Taxation, Mississippi

Rent paid by the Golden Nugget casino intended to go to the city of Biloxi, but that inadvertently went into the state general fund, has made its way to the Mississippi city. The $2.6 million, which is most ...

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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

Casino tax revenue in Cambodia increases more than one-third

Sanum Investments wins round in legal fight with Laos gov’t

Biloxi collects money from the state from casino rent

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