Taxation | World Casino News

Pennsylvania legislators adjourn without resolving casino tax shortfall

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 ...

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

Renee Kingsley

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

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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

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

Malik Beasley Under Federal Scrutiny for Alleged NBA Gambling Ties

VNLOK and NOGA Merge to Form Single Voice for Dutch Online Gambling

Vietnam Approves $2 Billion Casino-Resort in Van Don

Hacksaw Gaming Expands in Italy with Sportbet; Launches Le King Slot

Thai Government Puts Off Casino Bill Debate Amid Rising Opposition