Taxation

Nevada Breaks Record In July With $1.4 Billion In Gambling Income

Marija Malenovic
U.S.A., Las Vegas, Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Taxation, Sports betting, Taxes, Financial Press Releases, Nevada
The Nevada Gaming Control Board, Nevada’s regulatory body, revealed that Southern Nevada’s players hit casinos so often in July, the most ever in state history, breaking "monthly gaming win records" across the ...

Star Entertainment Group Reveals FY23 Profit; Significantly Reduces Debt

Marija Malenovic
Latest Casino and Gambling News, Australia, Casino News, World Casino News, Gaming Industry News, Casino moguls, Economy/Finance, Taxation, Oceania Casino News, Taxes, Financial Press Releases
Star Entertainment Group, an Australian-based gambling and entertainment company, revealed yearly earnings on August 29 as business continues to balance and profits grow in every segment, further helping the fi...

PGCB Granted Approval to Two PA Casinos For Gaming Floor Modifications

Radosav Milutinovic
U.S.A., Casino News, Latest Casino and Gambling News, North America Casino News, Casino expansion projects, World Casino News, Gaming Industry News, Taxation, Online Gambling News, Pennsylvania
Pennsylvania Gaming Control Board (PGCB) granted approval to two Pennsylvania casinos for the gaming floor modification. The regulator reportedly allowed Hollywood Casino Morgantown to reduce the number of slot...

Illinois Gaming Board Considers Gaming License Revocation For Illegal Past Operations

Radosav Milutinovic
U.S.A., Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Brick-n-Mortar Poker Rooms, Poker, Illegal Bookmaking, Licensed online casinos in USA, Licenses, Unlicensed Operation, Taxation, Online Gambling News, Illinois, Fines, Lawsuits & Litigation
The Illinois Gaming Board (IGB) is looking to revise the decision made in 2019 to award the gaming license to the establishment which was reportedly connected with a Chicago criminal group. As reported, IGB cla...

Potawatomi Hotel and Casino Income Rises 1.7% As Casino Prepares To Compete Against Latest Rivals

Marija Malenovic
Tribal Gaming, U.S.A., Latest Casino and Gambling News, Casino News, Tribal Gaming, Casino expansion projects, World Casino News, North America Casino News, Casino openings, New Hotels, Gaming Industry News, Economy/Finance, Conferences / Trade Shows, Sports betting, Taxation, Illinois, Taxes, Financial Press Releases, Wisconsin
The Potawatomi Hotel and Casino, operated by the Forest County Potawatomi tribe, saw income grow just 1.7% in the past 12 months through June 30, 2023. That's because the tribe is in the process of preparing to...

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, Online gambling regulation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Taxation, Online Gambling News, Sports betting, 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, Gaming Law & Legislation, Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Casino project updates, Economy/Finance, Unlicensed Operation, Asian Casino News, Online Gambling News, Taxation, 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
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Casino proposals, Australia, World Casino News, Casino project updates, Gaming Industry News, 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
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, India, 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
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., NFL, Horse Racing, Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, 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, U.S.A., Casino News, Latest Casino and Gambling News, 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...