Taxation | World Casino News

Primorye tax revenues to hit RUB165 million in 2016

June 1, 2016

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

Tax revenue at the Primorye Integrated Entertainment Zone (PIEZ) is expected by Russian authorities to reach RUB165 million (US$2.5 million) this year, and by 2022, 700 million annually. Last week Friday, Se...

Tax hike impacts OPAP bottom line

Adam Morgan

May 31, 2016

Latest Casino and Gambling News, Lottery, Taxation, Greece

Greek lottery and sportsbetting games operator OPAP has released its interim financial results for the first three months of 2016 showing a 26.3% drop year-on-year in net profit due in large part to increased t...

Easing of gaming tax proposed by lawmaker in Macau

Kim M

May 25, 2016

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

In a note on Tuesday, Bernstein said that a proposal to lower gaming tax has been made by a Macau lawmaker in an attempt to increase the region’s competitiveness. The tax change was recently proposed by Maca...

South Korea government rejects Jeju casino tax rate proposal

Adam Morgan

May 24, 2016

Latest Casino and Gambling News, Taxation, South Korea

In South Korea, the national government has rejected a local proposal that would have seen the tax rate on gross gaming revenues for the eight casinos in the island province of Jeju double to 20%. According ...

Iowa casino could lose its tax-exempt status

Adam Morgan

May 13, 2016

Latest Casino and Gambling News, Taxation, Iowa

The Prairie Meadows Racetrack And Casino in Iowa could be about to lose its non-profit status following an 18-month investigation carried out by officials from the Internal Revenue Service (IRS). According t...

Northwest Indiana casinos continue to impress

Adam Morgan

May 10, 2016

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

The five casinos in northwest Indiana continued their strong performance in April after posting a 3.2% increase year-on-year in monthly gaming revenues to $86.3 million despite a 2.1% decline in overall admissi...

Trio of casinos account for 16% of Detroit revenues

Adam Morgan

May 4, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Ontario, Sports betting, Taxation, Michigan

The American Gaming Association (AGA) has revealed that the $174.3 million contributed by the three casinos in Detroit last year accounted for an estimated 16% of the Michigan city’s total revenues. Detroit ...

PAGCOR exceeds first-quarter earnings expectations

Adam Morgan

May 4, 2016

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

The state-run Philippine Amusement And Gaming Corporation (PAGCOR) has revealed that its net income for the first three months of 2016 rose by 11% year-on-year to reach $22.1 million. PAGCOR operates 13 casi...

New Jersey hit with $33.5 million lawsuit for failing to keep its promise to Atlantic City

Renee Kingsley

April 20, 2016

Latest Casino and Gambling News, Economy/Finance, Taxation, Fines, Lawsuits & Litigation, New Jersey

New Jersey Governor Chris Christie increased pressure for a state takeover of the nearly bankrupt Atlantic City earlier this month after instructing the commissioner of education to take Atlantic City to court,...

Permit request to reopen The Woodlands racetrack advanced by Kansas officials

Kim M

April 13, 2016

Latest Casino and Gambling News, Casino project updates, Taxation, Kansas

With multiple conditions, approval was recommended for the reopening of The Woodlands as an electronic gaming venue, racetrack, and entertainment facility. On Monday night, extensive public testimony was hea...

2015/Q1 2016 U.S. online gambling legislation update

Lars Jones

April 10, 2016

Latest Casino and Gambling News, U.S.A., Online gambling regulation, Taxation, United Kingdom

In 2015 seven states in the U.S. considered legalizing online gambling, none of the bills got off the floor. Currently online casino games and poker are only available inside the borders of three states and one...

Tax break will aid Finger Lakes in ‘competition’ with new del Lago Casino

Kim M

April 9, 2016

Latest Casino and Gambling News, Horse Racing, Taxation, New York

To compete with the $425 million del Lago Resort & Casino being built approximately a half hour away in Tyre, Seneca County, Finger Lakes Gaming and Racetrack will get a lower tax rate. The Ontario Count...

Judge rules in favour of the Borgata Casino and allows four year appeal on Atlantic City property taxes

Renee Kingsley

April 6, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Taxation, Fines, Lawsuits & Litigation, New Jersey

Atlantic City has accumulated a large amount of debt during the last decade due to the collapse of its once vibrant casino industry and owes millions in outstanding payments. The city’s biggest debtor right is ...

Iowa’s largest casino faces IRS review

Kim M

April 3, 2016

Latest Casino and Gambling News, Taxation, Iowa

Prairie Meadows’ nonprofit status is facing a federal review, raising big concerns for the state’s largest casino in Altoona. Every year, Prairie Meadows Racetrack and Casino pays more than $14 million to pa...

Governor Chris Christie says casino expansion plans will fail if Atlantic City collapses

Renee Kingsley

April 1, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Casino expansion projects, Economy/Finance, Taxation, New Jersey

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The decision to move the casino industry outside of Atlantic City and set up two new casinos in North Jersey has been fiercely debated and will now be left up to New Jersey voters to decide their preference bef...

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Primorye tax revenues to hit RUB165 million in 2016

Tax hike impacts OPAP bottom line

Easing of gaming tax proposed by lawmaker in Macau

South Korea government rejects Jeju casino tax rate proposal

Iowa casino could lose its tax-exempt status

Northwest Indiana casinos continue to impress

Trio of casinos account for 16% of Detroit revenues

PAGCOR exceeds first-quarter earnings expectations

New Jersey hit with $33.5 million lawsuit for failing to keep its promise to Atlantic City

Permit request to reopen The Woodlands racetrack advanced by Kansas officials

2015/Q1 2016 U.S. online gambling legislation update

Tax break will aid Finger Lakes in ‘competition’ with new del Lago Casino

Judge rules in favour of the Borgata Casino and allows four year appeal on Atlantic City property taxes

Iowa’s largest casino faces IRS review

Governor Chris Christie says casino expansion plans will fail if Atlantic City collapses

Bloomberry Expands Online Gaming as Solaire North Edges Toward Profit

Nevada Racehorse Trainer Banned After Cocaine Doping Scandal

Texas Lottery Faces Lawsuit Over Sudden Ban on Courier Services

NBA Triple Double Power Combo Slot Goes Live on Caesars Platforms

Allwyn Rolls Out e-Instant Games With DC Lottery in Strategic Expansion