Taxation

Arizona’s Sports Betting Handle in March 2023 Exceeds $600 Million Again

Radosav Milutinovic
Tribal Gaming, U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Arizona, Economy/Finance, Licensed online casinos in USA, Taxation, Sports betting, Online Gambling News
The Arizona Department of Gaming (ADG) reports that the sports wagering handle in the state of Arizona reached the level of more than $644 million in March of 2023, which is the second highest monthly level sin...

Macau Legend Sells Savan Legend Casino To Focus On Macau Business

Marija Malenovic
Laos, Casino Sales, Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Licenses, Asian Casino News, Taxation, Macau, Mergers, Acquisitions & Partnerships, Licensing, Taxes
Recently, Macau Legend Development Ltd., the investment holdings company that owns the Macau Fisherman’s Wharf zone and manages the Legend Palace satellite casino, announced that it has struck an initial agreem...

Richmond City Council Votes To Bring To Life Proposed Casino Project; Second Referendum Likely This Fall

Marija Malenovic
Virginia, Gaming Law & Legislation, U.S.A., Casino proposals, Casino News, Latest Casino and Gambling News, New Hotels, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Licenses, Taxation, Licensing, Taxes
During a meeting Monday night, June 12, the Richmond City Council voted 8 to 1 in favor of the bill that would put ONE Casino+Resort back on the November ballot, which will likely move to a second referendum vo...

Macau Tax Revenue Increases 15% in May, Contributes 79% to Total Region’s Income

Radosav Milutinovic
Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino Destinations, Casino News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Financial Press Releases
Inside Asian Gaming reports that the Macau government collected MOP$5.7 billion (US$706 million) in gaming tax revenue in May 2023. The source also transfers the data from the Financial Services Bureau reportin...

North Carolina Online Sports Betting Bill To Be Signed into Law

Radosav Milutinovic
Tribal Gaming, 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, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Licenses, Taxation, Online Gambling News, Sports betting, North Carolina
The North Carolina legislature has given a final approval on June 7, 2023 to legalize online sports gambling in the state. The bill additionally allowing sports gambling in selected land-based gambling faciliti...

Macau Gaming Industry Generated 237% More Tax Revenues in April

Radosav Milutinovic
Casino Destinations, Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, China, Casino reviews from Macau, World Casino News, Hong Kong, Gaming Industry News, Macau, Taxation, Asian Casino News, Financial Press Releases
The strong Macau gaming industry growth in the first quarter of 2023 continued throughout the month of April as well. Inside Asian Gaming reports the figures released by the Financial Services Bureau to indicat...

WARN Notice Submitted By Vernon Downs; Casino Prepares To Close

Marija Malenovic
U.S.A., Horse Racing, Casino News, Latest Casino and Gambling News, New Hotels, World Casino News, North America Casino News, Gaming Industry News, Casino closures, Horse Racing, Taxation, Labor Relations, Taxes, New York
New York's Vernon Downs Hotel Casino has filed a WARN notice with the New York State Department of Labor outlining plans to officially close by the end of this year and discharge all 249 of its workers. Plan...

Sands China To Focus On Attracting More Foreign Players; Possibility Of Tax Reduction

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Macau, Taxation, Asian Casino News, Mergers, Acquisitions & Partnerships
Sands China Ltd., a leading casino operator based in Macau, is launching many measures to lure more foreign players to its facilities, according to company chairman Wilfred Wong Ying Wai. In addition, he add...

Sports Betting Bill Passed by Vermont’s Finance Committee to Senate Floor

Radosav Milutinovic
New England, U.S.A., Casino proposals, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Casino expansion projects, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Licensed online casinos in USA, Licenses, Taxation, Online Gambling News, Sports betting, Kentucky
Having cleared Vermont's House for approval of the Senate committees, the bill to allow sports betting passed Vermont’s Senate Finance Committee on Tuesday. As Sports Handle reports, the bill sustained certain ...

Tennessee Legislature Passes Bill for The First Handle Tax in the U.S.

Radosav Milutinovic
Tennessee, U.S.A., Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Taxation, Online Gambling News, Sports betting, Taxes
The State of Tennessee announced changes in the sports wagering market as its legislators passed the SB 475 Bill on Friday to change the state's mobile sports betting tax system. The Bill will amend the existin...

Arizona Tribal Gaming Generated 20% More in Tax Revenues Than Last Year

Radosav Milutinovic
Tribal Gaming, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Online gambling regulation, Arizona, Gaming Industry News, Economy/Finance, Mobile gaming, Licenses, Online Gambling News, Sports betting, Taxation, Taxes
Tribal gaming in Arizona hit record levels in the first quarter of 2023 to generate the highest level of contributions from the Arizona Department of Gaming (ADG) aggregated since 2004. Following the Arizona Tr...

Star Entertainment Cuts 500 Jobs and Amends 2023 Earnings Forecast

Radosav Milutinovic
Casino Sales, Gaming Law & Legislation, Casino Destinations, Australia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Money Laundering, Employment & Careers, Taxation, Online Gambling News, Oceania Casino News, Labor Relations, Fines, Lawsuits & Litigation, Financial Press Releases
Star Entertainment Group, one of Australia's leading entertainment and gambling companies, reportedly announced that it will cut 500 jobs in an attempt to set off a series of regulatory restrictions and...
star casinos

Star Casino and United Workers Union Against the Tax Increase

Vanja Mitic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Online gambling regulation, Gaming Industry News, Economy/Finance, Employment & Careers, Taxation, Taxes, Financial Press Releases
The workers in Sydney’s Star casino are worried about their future - and with a reason. Since gaming taxes will be increased in July, many of them will lose their jobs. That’s why the Union decided to schedule ...
sweden

Gambling Laws Change and Fees Increase in Sweden: Operators Approve It

Vanja Mitic
Sweden, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Licenses, Taxation, Online Gambling News, Licensing, Taxes
The Gambling Authority’s new proposal for changes in the Swedish gambling law has been approved by the Swedish Trade Association for Online Gambling (BOS). Some changes included in the proposal are related t...