Taxation

India’s Government Requests US$12 Billion In Taxes From Gambling Operators For FY 2018

Radosav Milutinovic
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, India, Economy/Finance, Horse Racing, Sports betting, Online Gambling News, Asian Casino News, Taxation, Fines, Lawsuits & Litigation
India’s governmental body Goods and Services Tax (GST) Council has sent out a notice to the country's land-based casinos and online gaming platforms to make payments of the goods and services tax for the financ...

London’s Iconic Crockfords Casino Closes After 195 Years For The Lack of High Rollers

Radosav Milutinovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino closures, Economy/Finance, Employment & Careers, Online Gambling News, Taxation, United Kingdom
Crockfords Casino, the iconic London property owned by the Genting gaming group, closes after 195 years of operations. The legendary home to high rollers closes over the owner's allegations that the city of Lon...

Kentucky Hits Nearly $250 Million Sports Betting Handle Since September 7 Launch

Radosav Milutinovic
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Licensed online casinos in USA, Horse Racing, Online Gambling News, Sports betting, Taxation, Kentucky
Kentucky governor Andy Beshear revealed on 23 October 2023 preliminary data on the sports wagering handle in the state since the September 7 launch. As reported, Beshear announced that almost $250 million has b...

Sikkim High Court Allows Interim Stay On US$76 Million Tax Demand Against Delta Corp

Marija Malenovic
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, World Casino News, Online gambling regulation, Gaming Industry News, India, Asian Casino News, Taxation, Online Gambling News, Taxes
Delta Corp, India’s only listed hospitality and gaming firm that owns and manages hotels and casinos, stated that Sikkim High Court had given it an interim stay on a GST demand notice received from the Director...

Arizona’s Sports Wagering Handle Increases 11% in August 2023

Radosav Milutinovic
U.S.A., Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Arizona, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Taxation, Financial Press Releases
Arizona Department of Gaming (ADG) released the report on the Arizona market performance in August. The report shows that the legal sports betting increased the handle during the month preceding the start of th...

UK Introduces 1% Gaming Levy to Fund Problem Gambling Prevention and Treatment

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Mobile gaming, European Casino News, Taxation, Online Gambling News, United Kingdom
The British gambling market has got a voluntary operator contributions to the problem gaming fund allowing operators to funnel as little as one pound to the program. The fact that some operators have literally ...

AGA Survey Finds That Gaming Industry Annually Contributes $329 Billion to U.S. Economy

Radosav Milutinovic
Las Vegas, Latest Casino and Gambling News, Casino News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Unlicensed Operation, Online Gambling News, Taxation, Labor Relations, Nevada, New Jersey
The latest study for the American Gaming Association (AGA) shows that the casino gaming industry annually generates almost $329 billion in economic activity to significantly contribute to the U.S. economy. Acco...

Romania Issues Draft Emergency Ordinance To Introduce Changes In Gambling Industry

Marija Malenovic
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Licenses, Online Gambling News, Taxation, Licensing, Taxes, Romania
New measures offiicially adopted on October 5 via the Emergency Ordinance (GEO) that external advertising will be restricted to 35 square meters and that casinos can no longer use rewards to attract players, sh...

Fun88 Named Best Choice For Online Betting In India After Shutdown Of Famous Brands

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, World Casino News, Online gambling regulation, New online casinos, Gaming Industry News, India, Online Gambling News, Taxation, Asian Casino News, Taxes
Following the many shutdowns of well-known operators in India that have taken place recently, Fun88 has quickly came out as the main destination for gaming and online wagering fans in the said country. Addition...

Directorate General of GST Intelligence Issues Tax Demand Of Rs 16,800 Crore To Delta Corp

Marija Malenovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, India, Taxation, Online Gambling News, Asian Casino News, Taxes
As reported by The Times Of India, the Directorate General of GST Intelligence has issued a tax demand to Delta Corp, India’s only listed hospitality and gaming firm that owns and manages hotels and casinos, an...

Sweden Proposes Gambling Tax Increase To Generate Additional $50 Million In Tax Revenues

Radosav Milutinovic
Sweden, Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Licenses, Taxation, Online Gambling News
Swedish government (Regeringen) has announced that the gambling tax rate in the country may increase from 18% to 22% of gross gaming revenue (GGR) since 1 July 2024. The proposal based on the belief that the ga...

Cambodian 2021 Gambling Law Brought the Number of Licensed Casinos to 87

Radosav Milutinovic
Casino Destinations, Cambodia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Online Gambling News, Taxation, Asian Casino News
Cambodian Commercial Gambling Management Commission (CGMC), the governmental body in charge of regulating the gambling market in the country, has reportedly issued a total of 87 casino licenses since 2021, when...
tabcorp

Tabcorp Settles the Dispute with Australian Taxation Office, Benefits about $83 Million

Vanja Mitic
Gaming Law & Legislation, Australia, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Licenses, Sports betting, Taxation, Financial Press Releases
The largest gambling company in Australia, Tabcorp Holding Limited, settled the dispute it had with the Australian Taxation Office, which occurred because of the issues with the income tax treatment for many li...

Sportech Intends To Remove Stocks From London’s Junior AIM; Pre-Tax Loss Significantly Reduced

Marija Malenovic
Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Online Gambling News, Taxation, Taxes, Financial Press Releases, United Kingdom
UK-based entertainment and online gambling firm Sportech, intends to ask for shareholder validation to remove its shares from London’s junior Alternative Investment Market (AIM) because of the large burden of s...

Golden Matrix Unveils Earnings For Q3 2023; Net Loss Due To Pending Acquisition Costs Of MeridianBet Group

Marija Malenovic
Latest Casino and Gambling News, U.S.A., Las Vegas, Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Casino moguls, Taxation, Online Gambling News, Mergers, Acquisitions & Partnerships, Taxes, Financial Press Releases
Golden Matrix Group Inc. (GMGI), one of the flagship global iGaming groups, which offers sportsbook, casino and competition products and is based in Las Vegas, revealed revenue data for its third quarter ended ...