Taxes | World Casino News

Kenyan legislators vote to abandon 20% sportsbetting turnover tax

June 25, 2020

Kenya, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Taxes

In Kenya and federal legislators have reportedly passed a measure that would eliminate the controversial 20% turnover tax local online sportsbetting operators have been required to pay since 2018. According ...

William Hill hoping to raise £200 million via a new share offer

Adam Morgan

June 17, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Horse Racing, Sports betting, Taxes, United Kingdom

In the United Kingdom and prominent high street bookmaker William Hill has reportedly launched a fundraising drive in hopes of bringing in approximately £200 million ($251 million) to better surmount the recent...

Philippines first-quarter gaming income hurt by coronavirus closures

Adam Morgan

April 28, 2020

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Taxes, Philippines

In the Philippines and the closure of casinos due to the coronavirus pandemic reportedly helped to push aggregated first-quarter net income for the nation’s gaming regulator down by almost 50% year-on-year to j...

PAF celebrates success of lowered maximum loss limit

Adam Morgan

April 20, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, The Players Lounge, Finland, Online Gambling News, Taxes

Highlighting its responsible gambling credentials and Finnish iGaming operator Alands Penningautomatforening (PAF) has reportedly detailed a large comparable drop in the revenues it made last year from those wh...

Pennsylvania sportsbetting industry hurt by coronavirus shutdown

Adam Morgan

April 17, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Taxes, Pennsylvania

The coronavirus pandemic reportedly cost land-based bookmakers in Pennsylvania at least $220 million in lost revenues last month as sports leagues shut up shop and bettors turned to online alternatives. This...

BGC calls for government support to help weather coronavirus slump

Adam Morgan

March 17, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Horse Racing, Online Gambling News, Sports betting, Taxation, Taxes, United Kingdom

In the United Kingdom and The Betting and Gaming Council (BGC) trade group has released a statement asking the government to implement a range of measures to help it members weather a recent downturn in busines...

The Daily Fantasy Football Company has its Malta licence cancelled

Adam Morgan

February 11, 2020

Online gaming software, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, The Players Lounge, Online Gambling News, Sports betting, Fantasy Sports, Licensing, Taxes, Malta

The gambling regulator for Malta has announced that it has cancelled the business-to-consumer license of iGaming operator The Daily Fantasy Football Company Limited for multiple breaches of its regulations. ...

Sportsbetting legalization takes a step forward in Kentucky

Adam Morgan

January 16, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Online Poker, Economy/Finance, Poker, Online Gambling News, Sports betting, Fantasy Sports, Licensing, Taxes, Kentucky

A committee of the Kentucky House of Representatives reportedly passed proposed legislation yesterday that could soon see the southern state become the latest to legalize sportsbetting, fantasy sports contests ...

Michigan legalizes online casino and sportsbetting

Adam Morgan

December 30, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, The Players Lounge, Licenses, Online Gambling News, Sports betting, Taxation, Licensing, Taxes, Michigan

In Michigan and Governor Gretchen Whitmer has reportedly given iGaming afficionados the perfect Christmas gift by putting her signature to a wide-ranging piece of legislation that has seen the Midwestern state ...

Dutch gaming regulator issued record-setting annual fines

Adam Morgan

December 30, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, The Players Lounge, Online Gambling News, Sports betting, Licensing, Fines, Lawsuits & Litigation, Taxes, Netherlands

In the Netherlands and the past twelve months have reportedly seen the nation’s Kansspelautoriteit gaming regulator issue fines against online casino and sportsbetting firms totalling some €3.5 million ($3.9 mi...

Philippines arrests hundreds of suspected illegal iGaming workers

Adam Morgan

December 28, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Unlicensed Operation, Online Gambling News, Crime, Licensing, Taxes, Philippines

Hundreds of Chinese nationals were reportedly arrested by law enforcement officials in the Philippines last week as part of that nation’s continuing crackdown against unlicensed online gaming businesses. Acc...

Atlantic City calling for a change in the allocation of sportsbetting taxes

Adam Morgan

December 10, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Taxation, Taxes, New Jersey

In New Jersey and the City Council for Atlantic City has reportedly thrown its weight behind a call for the seaside community to receive a larger percentage of the state taxes its casinos pay on their sportsbet...

Makati City initiates POGO license moratorium

Adam Morgan

December 9, 2019

Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Online Gambling News, Licensing, Taxes, Philippines

In the Philippines and officials in Makati City have reportedly instituted a moratorium on the issuing of new online casino licenses due to concerns over rising criminality and the availability of office space....

SportPesa to reconsider options in Kenyan sportsbetting market

Adam Morgan

November 12, 2019

Kenya, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Licensing, Fines, Lawsuits & Litigation, Taxes

British online sportsbook operator SportPesa has reportedly announced that it is to reconsider its options in Kenya after a local appeals court ruled against a government policy that had instituted a 20% tax on...

Michigan lawmakers pass sportsbetting and online gambling measures

Adam Morgan

November 1, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Taxation, Fantasy Sports, Taxes, Michigan

The Michigan House of Representatives reportedly passed a series of measures on Wednesday that could eventually lead to the state becoming the latest to legalize a full range of sportsbetting, fantasy sports an...