Taxes

Tennessee chalks up strong start to legalized online sportsbetting

Adam Morgan
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...

Philippines iGaming operators considering Isle of Man move

Adam Morgan
Isle of man, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Asian Casino News, Sports betting, Online Gambling News, 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
Gaming Law & Legislation, Casino News, Argentina, Latest Casino and Gambling News, 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
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
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Sports betting, 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
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Bulgaria, Economy/Finance, Lottery, Sports betting, Online Gambling News, 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...

British online gamblers could soon face a £100 monthly ‘soft cap’ on losses

Adam Morgan
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Technology, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Licensing, Taxes, United Kingdom
In the United Kingdom and a prominent cross-party think-tank is reportedly set to recommend that the nation’s online gamblers not be allowed to lose more than £100 ($131) a month without first undergoing a stri...

American Gaming Association boss heralds legalized sportsbetting market

Adam Morgan
Washington D.C., Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Licensing, Taxes
In the United States and the Chief Executive Officer for the American Gaming Association, Bill Miller (pictured), used a special hearing in front of federal legislators yesterday to herald the importance of the...