Taxes | World Casino News

Can US online casinos and sports betting succeed? Europe has the answer

June 18, 2018

Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Online gambling regulation, Online Poker, European Casino News, Sports betting, Taxes

Sports betting fever is spreading in the U.S. with several states opening the books just one month after a historic Supreme Court decision that said the 1992 federal ban was unconstitutional. Some observers are...

Sports betting tax revenue soars past casinos in Tanzania

K Morrison

January 3, 2018

Tanzania, Latest Casino and Gambling News, Online Gambling News, Sports betting, Taxation, Taxes

In Tanzania, taxes collected from gaming companies are expected to increase by 18 percent in Fiscal Year 2017/2018. The expected growth is reportedly due to an increase in the number of gaming companies involve...

Legal online gambling record month helps New Jersey eclipse $100 million in total tax revenue

K Morrison

June 19, 2017

Latest Casino and Gambling News, Online Poker, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Taxes, New Jersey

Data analyzed by PlayNJ.com analysts shows the certain impact of the regulated online gambling industry in New Jersey after generating $21.1 million in gross revenue in May. Including the impressive posting ...

Legislation to regulate daily fantasy sports easily navigates NJ Assembly; on to Senate

K Morrison

May 23, 2017

Latest Casino and Gambling News, Online gambling regulation, Sports betting, Fantasy Sports, Licensing, Taxes, New Jersey

A bill that would regulate and tax daily fantasy sports (DFS) was approved by a wide margin on Monday by New Jersey's Democrat-led Assembly. A 3532, legislation that would oversee the DFS industry, which inc...

Fate of Pennsylvania online gambling bill uncertain

K Morrison

July 6, 2016

Latest Casino and Gambling News, Online gambling regulation, Taxes, Pennsylvania

In the past five years, only four states have managed to maneuver an online gaming bill through their legislature. Now, three of the four states have legalized online gambling and there is a chance that Pennsyl...

South Australia to institute 15% betting tax

Adam Morgan

June 25, 2016

Latest Casino and Gambling News, Australia, Horse Racing, Sports betting, Taxation, Taxes

The next budget for the Australian state of South Australia is set to include a provision that will look to harvest up to $6.85 million a year by instituting a new 15% tax on all wagers. According to a repor...

The 2015 KPMG Isle of Man eGaming Summit surveys the future of the industry

D. Graham

November 21, 2015

Latest Casino and Gambling News, World Casino News, Online gambling regulation, Gaming Industry News, Technology, Online Poker, Mobile gaming, Conferences / Trade Shows, Online Gambling News, Licensing, Taxes, United Kingdom

The Isle of Man (IoM) is recognized as one of the most reputable eGaming jurisdictions in the world, and KPMG’s eGaming Summits have established themselves as the eGaming industry's premiere events for stimulat...

Bet365 false start costs €30m, earns place on Romanian blacklist

Lars Jones

October 17, 2015

Latest Casino and Gambling News, Casino News, Online gambling regulation, Casino closures, Licensing, Fines, Lawsuits & Litigation, Taxes, Romania

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In early July the government of Romania published a list of 48 online betting operators it had blacklisted. Now, according to reports in major niche media, Bet365 and bwin.party have been added to the list. Bot...

48 online gambling sites blacklisted in Romania

Lars Jones

July 4, 2015

Latest Casino and Gambling News, World Casino News, Online gambling regulation, Unlicensed Operation, Licensing, Taxes, Romania

Romania's National Office for Gaming has posted a list of 48 online gaming sites that it says are operating without authorization in the country. They have also identified NetBet, Stanley Bet, and Winmasters as...

Quebec authorities investigate Amaya Gaming CEO and CFO

Renee Kingsley

June 3, 2015

Online gambling regulation, Canada, Gaming Industry News, Money Laundering, Economy/Finance, Quebec, Online Gambling News, Tax Evasion, Mergers, Acquisitions & Partnerships, Crime, Financial Fraud, Taxes

Amaya Inc based out of Canada, was a relatively unknown company until it surprised everyone in the poker industry in June 2014, when it confirmed that it had successfully acquired PokerStars and Full Tilt Poker...

Euromat and Van Kansspelen Branche file a State Aid Complaint

Sam Mitchell

May 12, 2015

Latest Casino and Gambling News, European Casino News, Licensing, Fines, Lawsuits & Litigation, Taxes

Euromat, the European Amusement and Gaming Federation along with Van Kansspelen Branche Organization has filed a complaint regarding state aid. The filing was sent to the European Commission, according to a May...