Taxation

Rhode Island Launches Legal iGaming Operations Expecting Bally’s to Boost Revenue Figures

Radosav Milutinovic
Gaming Law & Legislation, Casino News, U.S.A., Latest Casino and Gambling News, North America Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Licensed online casinos in USA, Licenses, Sports betting, Taxation, Online Gambling News, Mergers, Acquisitions & Partnerships, Rhode Island
Following the recent legalization of igaming in Rhode Island and the last week's technical trial, casino and entertainment giant Bally's Corporation will launch its online casino in the state today. From now on...

Vietnam Lawmakers Prescribe Tender Process for International Football Betting Operators

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Horse Racing, Asian Casino News, Sports betting, Online Gambling News, Taxation, Vietnam
International football betting operators looking to enter the legal Vietnamese wagering market will have to take part in a tender process called by the Government, according to the recently issued governmental ...

Nevada Reps. Get Support From IRS Advisory Council In Effort To Lift Tax Threshold On Slot Machine Jackpots

Marija Malenovic
Jackpot Winners, Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, Taxes, Nevada
Leaders of Congress, including Dina Titus (D-NV) who have been requesting from the Internal Revenue Service (IRS) to increase the tax reporting limit on jackpots from slot machines for almost a decade, have rec...

Detroit Casinos Generate $94.4 Million in Revenue In January 2024

Radosav Milutinovic
U.S.A., Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Taxation, Sports betting, Online Gambling News, Taxes, Michigan
In January 2024, the three Detroit casino operators experienced a decline in table games and slot revenue across their land-based facilities in comparison to the same month last year. Michigan Gaming Control Bo...

Gov. Shapiro Plans To Regulate Skill Games In July In His 2024 Budget Plan

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Game manufacturers, Taxation, Taxes, Pennsylvania
Recently, Josh Shapiro, Governor of Pennsylvania, gave his budget speech for FY 2024/2025 at the decorated Capitol Rotunda in Harrisburg. During his speech, he revealed that he intends to regulate games of skil...

PAGCOR Wants To Lower Fees For iGaming Operators to 35% In March, Says Tengco

Marija Malenovic
Gaming Law & Legislation, Casino Destinations, Latest Casino and Gambling News, World Casino News, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Mobile gaming, Taxation, Asian Casino News, Online Gambling News, Taxes, Philippines
The Philippine Amusement and Gaming Corporation (PAGCOR), the gaming regulatory agency of the Philippines, revealed that it will lessen the fees imposed on iGaming providers to 35% in the 3rd month of this ongo...

Two Online Sports Wagering Legislations Submitted In Magnolia State

Marija Malenovic
Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Taxation, Online Gambling News, Sports betting, Taxes, Mississippi
As Mississippi Rep. Casey Eure projects to officially lead a sports wagering charge in Mississippi, rest of the lawmakers are setting things in motion. Over the past week, Democrat Rep. Cedric Burnett, offic...

Sports Bettors In Arizona Managed To Set Latest Betting Record In November of Last Year

Marija Malenovic
U.S.A., NFL, Latest Casino and Gambling News, World Casino News, North America Casino News, Arizona, Gaming Industry News, Mobile gaming, Economy/Finance, Licenses, Sports betting, Online Gambling News, Taxation, Licensing, Taxes, Financial Press Releases
Sports bettors in Arizona were relieved to have the chance to legally bet online on sports during November of the previous year. In addition, their appreciation has been more pronounced over the aforementioned ...

Svenska Spel Plans To Permanently Close Casino Cosmopol Venues In Gothenburg and Malmö

Marija Malenovic
Sweden, Latest Casino and Gambling News, Casino News, World Casino News, Casino closures, Gaming Industry News, Money Laundering, European Casino News, Taxation, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Taxes
Svenska Spel plans to officially close the Casino Cosmopol facilities in Malmö and Gothenburg. The main reason for this decision is the limited profitability of the facilities, the firm revealed on January 24. ...

Casinos In Nebraska Generated Just Over $89m In Income In 2023

Marija Malenovic
U.S.A., Horse Racing, Casino News, Latest Casino and Gambling News, North America Casino News, Casino expansion projects, New Hotels, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Horse Racing, Taxation, Sports betting, Taxes, Financial Press Releases, Nebraska
Nebraska's first entire year of casino gambling was a triumph in terms of profits collected. Income collected from Lincoln’s WarHorse Casino: When it comes to the details of the income collected, Nebraska...

New York Governor Introduces $233 Billion Budget to Exclude Online Casino Proposals

Radosav Milutinovic
U.S.A., Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Horse Racing, Online Gambling News, Sports betting, Taxation, New York
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After a bill proposal to legalize online casinos was filed in the New York Senate with an aim to boost the US-largest online market, Gov. Kathy Hochul reportedly released the 2024 Executive Budget to exclude on...

PAGCOR Boosts Its Share of Income To National Government, But Lags Behind Pre-Pandemic Levels

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Taxation, Asian Casino News, Taxes, Philippines
It was recently reported that the Philippine Amusement and Gaming Corp. (PAGCOR) increased its handout to the country in the first 11 months of 2023, but it still fell short of pre-pandemic numbers. Boost: ...

Six Major Sports Teams Campaign to Launch Ballot on Sports Betting Legalization in Missouri

Radosav Milutinovic
U.S.A., Casino News, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Licenses, Sports betting, Online Gambling News, Taxation, Licensing, Taxes, Kansas, Missouri
After two sports betting bills passed the Missouri House and died in the Senate in 2022 and, respectively, 2023 to mark repeated attempts to legalize sports betting in the state, a coalition of six major sports...

Sen. Addabbo Files Bill To Further Boost Internet Gaming Operations in New York

Radosav Milutinovic
Tribal Gaming, U.S.A., Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Lottery, Licensed online casinos in USA, Licenses, Online Gambling News, Sports betting, Taxation, New York
Since the January 2022 launch of the legal internet sports betting, the state of New York has grown into the largest online gambling market in the United States. The regulations prescribing the online casino se...