Taxation | World Casino News

Saipan casinos predicted to pay out at least $33.6 million in tax next year

June 25, 2016

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

The Commonwealth Casino Commission for the Commonwealth Of The Northern Mariana Islands has predicted that it will pay out at least $33.6 million in tax over the next fiscal year from VIP gamblers at casinos on...

South Australia to institute 15% betting tax

Adam Morgan

June 25, 2016

Latest Casino and Gambling News, Australia, Horse Racing, Taxation, Sports betting, Taxes

The next budget for the Australian state of South Australia is set to include a provision that will look to harvest up to $6.85 million a year by instituting a new 15% tax on all wagers. According to a repor...

Successful year for the Malta Gaming Authority

Adam Morgan

June 24, 2016

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

The Malta Gaming Authority has published its audited financial results for 2015 showing that the nation posted a 4.3% increase year-on-year in total revenues from gaming to €60.9 million ($67.2 million). The...

Western Australia urged to launch High Court action

Adam Morgan

June 23, 2016

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

In Australia, a federal Member Of Parliament (MP) has called on Western Australia to launch a High Court challenge designed to force states that earn billions of dollars from gambling taxes to hand back more mo...

Mohegan Sun Pocono facing increased tax bill

Adam Morgan

June 21, 2016

Tribal Gaming, Latest Casino and Gambling News, Taxation, Pennsylvania

Officials in Luzerne County are to collect over $223,000 more in annual taxes from the Mohegan Sun Pocono after a new appraisal of the casino valued the property at more than $150 million. Owned by the Moheg...

Iowa casino in trouble with the IRS

Adam Morgan

June 17, 2016

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

An action initiated by the Internal Revenue Service (IRS) could see Prairie Meadows Casino, Racetrack And Hotel in Iowa lose its tax-exempt status and be forced to pay up to $60.5 million in back taxes and pena...

Slight rise in monthly slot revenues for Plainridge Park Casino

Adam Morgan

June 16, 2016

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

In Massachusetts, Plainridge Park Casino has seen total slot revenues for May increase by 1.3% month-on-on-month to $13.48 million with the venue additionally contributing $5.39 million in tax. The Plainvill...

New study casts doubts on Georgia casino benefits

Adam Morgan

June 7, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Taxation, Georgia

A study paid for by the Central Atlanta Progress downtown business coalition has reportedly cast doubts on whether legalizing up to four casino resorts in Georgia would produce the desired economic benefits. ...

Resident approvals sought for Plainridge Park Casino benefits

Adam Morgan

June 6, 2016

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

After welcoming slots to its Plainridge Park Casino last summer, the citizens of Plainville, Massachusetts, are now being asked how they would like to spend the resulting benefits. The town negotiated a deal...

Slot success in May for Sands Casino Resort Bethlehem

Adam Morgan

June 3, 2016

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

The Sands Casino Resort Bethlehem was the leading slots venue in Pennsylvania last month after reporting an almost 5% increase year-on-year in gross revenues from the machines to $27.92 million. According to...

Revenue from casino helps Saratoga County avoid tapping fund balance

Kim M

June 2, 2016

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

In Saratoga County, New York, the operation of vehicles that transport inmates from the Saratoga County Jail to and from other jails, court hearings, and medical appointments, is now handled by designated sheri...

Primorye tax revenues to hit RUB165 million in 2016

Kim M

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 ...

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Saipan casinos predicted to pay out at least $33.6 million in tax next year

Successful year for the Malta Gaming Authority

Western Australia urged to launch High Court action

Mohegan Sun Pocono facing increased tax bill

Iowa casino in trouble with the IRS

Slight rise in monthly slot revenues for Plainridge Park Casino

New study casts doubts on Georgia casino benefits

Resident approvals sought for Plainridge Park Casino benefits

Slot success in May for Sands Casino Resort Bethlehem

Revenue from casino helps Saratoga County avoid tapping fund balance

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

Macau Gaming Revenue Soars With Record August Forecasts

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