Taxes | World Casino News

Record January for Pennsylvania sportsbooks and online casinos

February 19, 2021

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

Retail sportsbooks and online casinos in Pennsylvania reportedly had a record January after processing approximately $615.3 million in aggregated wagers and handing over some $34 million in combined taxes. A...

Philippines iGaming industry facing potential tax shake-up

Adam Morgan

February 10, 2021

Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News, Licensing, Taxes, Philippines

In the Philippines and a proposal is reportedly making its way through the legislative process that could soon oblige all locally-licensed iGaming operators to pay up to a 5% tax on their gross gaming revenues....

New Jersey sportsbetting market registers a record-breaking December

Adam Morgan

January 14, 2021

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

The large selection of online and land-based sportsbetting services in New Jersey reportedly had a fifth consecutive record-breaking month in December after chalking up aggregated revenues of $66.4 million cour...

Indiana sportsbetting market experiences a record-setting December

Adam Morgan

January 13, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Online Poker, Mobile gaming, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Licensing, Indiana, Taxes

In Indiana and the embryonic online and land-based sportsbetting industry reportedly chalked up a record-setting $313 million in aggregated handle for December to generate collective tax revenues of approximate...

Tennessee online sportsbetting license for Churchill Downs Incorporated

Adam Morgan

January 8, 2021

Tennessee, Online gaming software, Latest Casino and Gambling News, U.S.A., Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Licensing, Taxes

American casino operator Churchill Downs Incorporated has reportedly just received conditional approval to begin offering online sportsbetting to punters in the southern state of Tennessee. According to a Th...

Betting and Gaming Council issues ‘black market’ warning

Adam Morgan

December 21, 2020

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

In the United Kingdom and the Betting and Gaming Council lobby group has warned the government about the potential danger of unintentionally driving iGaming aficionados into the clutches of unregulated operator...

New Jersey sportsbetting market continues to show its dominance

Adam Morgan

December 15, 2020

Latest Casino and Gambling News, NFL, Gaming Industry News, Online Poker, Economy/Finance, Online Gambling News, Sports betting, Taxes, New Jersey

The large selection of online and land-based sportsbetting services in New Jersey reportedly had a record-breaking November after chalking up aggregated handle of approximately $931 million. According to a M...

Tennessee chalks up strong start to legalized online sportsbetting

Adam Morgan

November 17, 2020

Tennessee, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Lottery, The Players Lounge, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Licensing, Taxes

The first eight days of legalized online sportsbetting in the southern American state of Tennessee reportedly saw locally-licensed operators chalk up aggregated handle of about $27 million and pay out some $509...

Curacao set to overhaul its iGaming licensing system

Adam Morgan

November 13, 2020

Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, The Players Lounge, Curaçao Casinos, Online Gambling News, Sports betting, Licensing, Taxes

In the Caribbean and the government for the small Dutch island of Curacao has reportedly announced that it intends to completely overhaul its iGaming licensing system as part of a broader federal financial resc...

Subic Bay Freeport Zone losing its remaining POGO license holders

Adam Morgan

November 2, 2020

Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Licensing, Taxes, Philippines

The three remaining firms holding a Philippine Offshore Gaming Operator (POGO) license in the Subic Bay Freeport Zone are reportedly closing down due to the economic fallout associated with the ongoing coronavi...

Philippines iGaming operators considering Isle of Man move

Adam Morgan

October 12, 2020

Isle of man, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Asian Casino News, Sports betting, Licensing, Taxes, Philippines

Prominent professional services firm Affinity Group Limited has reportedly revealed that it has recently seen a spike in the number of Asia-facing iGaming providers expressing an interest in relocating from the...

Buenos Aires passes online gambling legalization legislation

Adam Morgan

September 28, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Argentina, Online gambling regulation, New online casinos, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Licensing, Taxes

In Argentina and the government for the giant city of Buenos Aires has reportedly passed legislation that will allow local land-based bingo, slot and casino operators to launch compatriot online services. Ac...

Revised tax rates for licensed Philippines iGaming operators

Adam Morgan

September 15, 2020

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

In the Philippines and President Rodrigo Duterte (pictured) has reportedly signed a piece of legislation into law that has been designed to more than double the amount of tax collected from domestic holders of ...

American daily fantasy sports firms receive alarming tax news

Adam Morgan

August 17, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Taxation, Fantasy Sports, Taxes

In the United States and prominent daily fantasy sports operators FanDuel Group and DraftKings Incorporated could reportedly be in trouble after the Internal Revenue Service (IRS) ruled that such firms are to b...

National Revenue Agency put in charge of regulating Bulgarian gambling

Adam Morgan

August 13, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Gaming Industry News, Bulgaria, Economy/Finance, Lottery, Online Gambling News, Sports betting, Tax Evasion, Crime, Licensing, Taxes

In Bulgaria and the National Revenue Agency tax bureau has reportedly been charged with regulating the country’s gambling industry after federal lawmakers enacted a measure to abolish the previous State Commiss...