Taxation

Tabcorp Reveals 5% Market Share Growth; Exceeds FY23 Predictions

Marija Malenovic
Australia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Conferences / Trade Shows, Online Gambling News, Taxation, Oceania Casino News, Mergers, Acquisitions & Partnerships, Taxes, Financial Press Releases
Tabcorp, a flagship Australian gambling company/provider of betting and gaming products and services based in Melbourne, stake rose over 5% on Thursday following a report of net income $66.5 million after tax, ...

U.S. Sports Betting Handle Hits $250 Billion To Mirror Support of 77% of American Adults

Radosav Milutinovic
Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Taxation, Licensing, Taxes, Financial Press Releases
Five years after the U.S. Supreme Court ruled to remove the federal ban on sports betting, the total handle for all 30 U.S. jurisdictions recently reached the threshold of $250 billion, according to reports. Th...

Michigan Gaming Control Board Votes Unianimously To Extend Licenses For 3 Detroit Casinos; Properties Collected $107.2M In Gambling Income In July

Marija Malenovic
Gaming Law & Legislation, U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licenses, Taxation, Sports betting, Fantasy Sports, Fantasy eSports, Licensing, Taxes, Financial Press Releases, Michigan
Throughout its scheduled public meeting, the Michigan Gaming Control Board (MGCB) voted unopposed to validate license extensions for MotorCity Casino, MGM Grand Detroit and Hollywood Casino at Greektown, aka De...

PAGCOR Privatization Expected to Bring $1.1Billion to the Philippines; POGOs Facing License Revocation

Radosav Milutinovic
Casino Sales, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Casinos of the Philippines, Gaming Industry News, Casino project updates, Economy/Finance, Unlicensed Operation, Online Gambling News, Taxation, Asian Casino News, Philippines
The privatization of a chain of the state-owned casinos proposed by Pagcor's Chairman and CEO Alejandro Tengco and approved by the Philippine President Ferdinand Marcos Jr is expected to raise PHP60 billion (US...

The Star Sydney Negotiates Gaming Tax Rates to Generate AU$10 Million For The State in 2024

Radosav Milutinovic
Gaming Law & Legislation, Casino Destinations, Casino proposals, Australia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino project updates, Online Gambling News, Taxation, Oceania Casino News
Australian casino giant Star Entertainment Group has negotiated an agreement with the New South Wales (NSW) state government to have the full implementation of poker machine duty rates in the operator's casinos...

Indian Government Hits iGaming Industry With 28% Tax

Marija Malenovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, World Casino News, Gaming Industry News, India, Economy/Finance, Online Gambling News, Taxation, Asian Casino News, Fantasy Sports, Fantasy eSports, Taxes
It was recently revealed that the Indian government has stated that it would levy a 28% tax on the funds online gaming firms earn from their clients from each game. In addition, companies have so far paid littl...

KHRC Validates Introduction Of Sports Betting For Retail In Kentucky; To Take Effect Concurrently With Beginning Of NFL Season

Marija Malenovic
U.S.A., NFL, Horse Racing, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Horse Racing, Licenses, Taxation, Sports betting, Licensing, Taxes, Kentucky
Yesterday, July 10, it was revealed that the Kentucky Horse Racing Commission (KHRC) has validated the introduction of sports wagering. In addition, it will go into effect when the NFL season officially starts ...

Virginia Exceeds $1 Billion In Gross Sports Betting Profits

Marija Malenovic
Virginia, Casino News, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Sports betting, Taxation, Taxes, Financial Press Releases
Recently, licensed operators submitted a May 2023 sports betting activity report to the Virginia Lottery, which the Lottery then officially unveiled. The report showed that Virginia exceeded $1 billion in gross...

Arizona’s Sports Betting Handle Hits $535 Million in April 2023

Radosav Milutinovic
Tribal Gaming, U.S.A., Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Arizona, Mobile gaming, Licensed online casinos in USA, Licenses, Online Gambling News, Sports betting, Taxation
According to the latest press release of the Arizona Department of Gaming, the total amount of sports wagers placed across the state in April 2023 reached the level of more than $535 million. In the same report...

New Jersey to Extend Online Gambling For Five Years

Radosav Milutinovic
Gaming Law & Legislation, U.S.A., Casino proposals, Casino News, Latest Casino and Gambling News, Online gambling regulation, World Casino News, North America Casino News, Gaming Industry News, Licensed online casinos in USA, Licenses, Taxation, Online Gambling News, Sports betting, New Jersey
After the move to drastically cut online casino gambling in the state, New Jersey legislators has recently proposed that internet gambling take place for at least five more years. As Associated Press reports, t...

Nevada’s Casino Gaming Wins $1.29 Billion to Remain Strong in May 2023

Radosav Milutinovic
U.S.A., Las Vegas, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Taxation, Financial Press Releases, Nevada
As Review Journal (RJ) reports, the gross generated revenue of the Nevada casino industry reached the level of $1.29 billion in May 2023, according to the data of the Nevada Gaming Control Board. Although Clark...

Sri Lanka’s Cabinet Of Ministers Validates Establishment Of Gambling Regulatory Authority

Marija Malenovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino expansion projects, World Casino News, Gaming Industry News, Economy/Finance, Licenses, Taxation, Asian Casino News, Licensing, Taxes, Sri Lanka
The Cabinet of Ministers of Sri Lanka officially validated a proposal to draft legislation to create the Gambling Regulatory Authority (GRA), whose main task will be to supervise the industry and make sure that...

Rhode Island Governor Signs iGaming Bill Into Law

Marija Malenovic
U.S.A., Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Licenses, Online Gambling News, Taxation, Licensing, Taxes, Rhode Island
Yesterday, June 22nd, Gov. Dan McKee officially signed into law Senate Bill 948, which expands Bally's land-based casino monopoly into iGaming. However, the governor decided to sign the legislation just hours b...

Star Wins NSW Tax Deferral and Loses Charter Hall From the Brisbane Deal

Radosav Milutinovic
Casino Sales, Gaming Law & Legislation, Poker Law, Casino Destinations, Australia, Latest Casino and Gambling News, Casino News, World Casino News, New Hotels, Gaming Industry News, Money Laundering, Economy/Finance, Poker, Tax Evasion, Taxation, Online Gambling News, Oceania Casino News, Fines, Lawsuits & Litigation
The New South Wales (NSW) Government has postponed the announced tax increase on gaming revenue for the Star Entertainment's Sydney casino less than a fortnight before the start of the new tax rate implementati...