Taxation

Macau Government Collected $6.4 Billion In Gaming Tax Revenues in Ten Months of 2023

Radosav Milutinovic
Gaming Law & Legislation, Casino Destinations, Reviews from the Cotai Strip, Latest Casino and Gambling News, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Online Gambling News, Taxation, Financial Press Releases
Financial Services Bureau of the city of Macau released on 16 November 2023 the data on the financial impact of the Macau gaming industry on the governmental operations. According to the Bureau, the Macau gover...

US Commercial Casinos Generated $16.17 Billion From Gamblers In Q3 2023; Best Third Quarter Ever

Marija Malenovic
Washington D.C., U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, Sports betting, Online Gambling News, Taxes, Financial Press Releases
The third quarter of this year was the best-ever third quarter in the history of the US commercial gaming industry, taking in $16.17 billion, in compliance with numbers recently released by the American Gaming ...

Arizona Sports Betting Handle Reaches $610 Million in September 2023

Radosav Milutinovic
U.S.A., Latest Casino and Gambling News, NFL, World Casino News, Arizona, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Taxation, Financial Press Releases
Sports betting handle in Arizona amounted to more than $610 million in September 2023, according to a November 15 news release (pdf) from the Arizona Department of Gaming (ADG). The figure representing a 13.5 p...

Combined Income From Virginia’s 3 Casinos Reaches Almost $50M; HR Bristol Exceeds $215 Million Since Official Opening

Marija Malenovic
Virginia, U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, Taxes, Financial Press Releases
It was recently reported that Bristol Casino: The Future Home Of Hard Rock, exceeded over $215 million in adjusted gaming income last month, aka October, approximately 16 months after officially opening its doo...

Kenyan Gambling Control Bill 2023 Establishes New Regulator and Proposes Reforms

Radosav Milutinovic
Kenya, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Lottery, Unlicensed Operation, Licenses, African Casino News, Sports betting, Online Gambling News, Taxation
Kenyan Parliament is considering a Gambling Control Bill proposed to have a new Gambling Regulatory Authority established in the country. As soon as the bill is approved, it will replace the Betting, Control an...

Georgian Prime Minister Raises Tax Rate For Gambling Businesses In Georgia To 15%

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, Taxation, Sports betting, Online Gambling News, Georgia-Eurasia, Licensing, Taxes
Georgian Prime Minister Irakli Gharibashvili has raised taxes on the gambling industry and reported that the level of gambling in the country is "catastrophic." Rise of the gambling turnover: During his b...

Governor Kevin Stitt Unveils New Plan To Legalize Sports Wagering In Oklahoma

Marija Malenovic
Tribal Gaming, U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Online Gambling News, Sports betting, Taxation, Taxes, Oklahoma
Oklahoma Governor Kevin Stitt has revealed his plan to help officially legalize sports wagering in Oklahoma. The idea, which would enable Oklahoma residents to wager in-person at gambling locations managed by f...

Thailand’s House of Representatives Forms Thai House Committee To Examine Possibility Of Legal Casinos

Marija Malenovic
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Taxation, Asian Casino News, Taxes, Thailand
Thailand's House of Representatives has agreed to establish a committee of 60 members to look into the possible opening of entertainment facilities, involving casinos, to tackle the long-running problem of non-...

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

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, 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, Casino closures, Gaming Industry News, 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
Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Arizona, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Taxation, Sports betting, Financial Press Releases
The Arizona Department of Gaming (ADG) released a report on the state's market performance for August. The report shows that legal sports betting handle increased the month before the start of the football seas...

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
Latest Casino and Gambling News, Casino News, U.S.A., Las Vegas, 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...