Taxation

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, Sports betting, Online Gambling News, Taxation, 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, Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, U.S.A., 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
Latest Casino and Gambling News, Gaming Law & Legislation, Casino 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
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, World Casino News, Online gambling regulation, Gaming Industry News, India, Economy/Finance, Horse Racing, Asian Casino News, Taxation, Sports betting, Online Gambling News, 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 News, Latest Casino and Gambling News, Casino Destinations, 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
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
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, World Casino News, North America Casino News, Gaming Industry News, Arizona, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Taxation, 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
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
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Online gambling regulation, New online casinos, World Casino News, 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, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, European Casino News, Licenses, Online Gambling News, Taxation
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
Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Cambodia, Casino News, World Casino News, Gaming Industry News, Asian Casino News, Online Gambling News, Taxation
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...