Taxes

Pagcor Chairman Unveils Plans to Reduce E-Games Tariffs, Boosting Philippines’ Gaming Investment Appeal

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, World Casino News, Online gambling regulation, Gaming Industry News, Casinos of the Philippines, Mobile gaming, Economy/Finance, Taxation, Asian Casino News, Online Gambling News, Taxes, Philippines
In a move aimed at fostering industry growth and attracting more investment, Alejandro Tengco, chairman and CEO of the Philippine Amusement and Gaming Corp (Pagcor), revealed plans to reduce once again the rate...

DraftKings and Flutter Stocks Dip After Illinois Budget Agreement Introduces Tax Hike on Sports Betting

Johnny K.
Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Taxation, Online Gambling News, Sports betting, Illinois, Taxes
Shares of major sports betting companies, including DraftKings and Flutter, experienced significant declines following the approval of a substantial tax increase on sports bets in Illinois. The state's fiscal 2...

Illinois Senate Adopts Progressive Tax Plan for Sports Betting, Offers Relief for Operators; House Vote Next

Johnny K.
Gaming Law & Legislation, Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Horse Racing, Taxation, Sports betting, Online Gambling News, Illinois, Taxes
In a significant legislative move, the Illinois Senate passed a bill late Sunday night that aims to transform the state's sports betting tax structure into a progressive system based on operator revenue. The ch...

Pennsylvania’s Online Sports Betting Tax: Navigating Legislative Shifts and Industry Dynamics

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Sports betting, Online Gambling News, Taxation, Taxes, Pennsylvania
Pennsylvania stands at a critical juncture in its online sports wagering industry, grappling with the implications of potential tax hikes amid a rapidly evolving regulatory landscape. As neighboring states impl...

Paf Celebrates Record €177.1 Million Revenue, Warns of Impact from Rising Gaming Taxes

Johnny K.
Sweden, Latvia, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mobile gaming, Estonia, Finland, Taxation, Online Gambling News, Taxes, Financial Press Releases
Paf has achieved a record revenue of €177.1m (£150.8m/$191.4m) in its 2023 financial year, marking a 6.9% increase from the previous year. The Nordic gaming operator also posted a notable 23% rise in net profit...

CFG Challenges Sports Betting Alliance’s Opposition to Illinois Sports Betting Tax Hike, Urges Evidence-Based Policy Decisions

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Taxation, Illinois, Taxes
As gambling initiatives unfold across the U.S., the Campaign for Fairer Gambling (CFG) closely scrutinizes developments, particularly in Illinois. Governor J.B. Pritzker's proposal to raise the tax on legal spo...

Brazil Mandates Gaming Licenses by End of 2024; Non-compliant Operators Face Regulatory Action

Johnny K.
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Brazil, World Casino News, Gaming Industry News, Central & South America Gaming, Licenses, Online Gambling News, Taxation, Licensing, Taxes
The Brazilian government has established a December 2024 deadline for gaming operators to secure licenses or face penalties starting January 1, 2025. This requirement is detailed in Normative Ordinance 827, pub...

Brazil Introduces 15% Tax on Player Prizes in Betting and Online Gambling

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, Brazil, World Casino News, Online gambling regulation, Gaming Industry News, Central & South America Gaming, Mobile gaming, Economy/Finance, Licenses, Online Gambling News, Sports betting, Taxation, Licensing, Taxes
Brazil has solidified its tax framework concerning player prizes and winnings within its burgeoning betting market. The Federal Revenue Service (RFB) of Brazil has officially outlined its stance on personal inc...

New York Senator Pursues Incremental Online Gaming Strategy with Poker-Only Legislation

Johnny K.
Latest Casino and Gambling News, Poker Law, U.S.A., Casino proposals, Casino News, Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Online Poker, Poker, Licensed online casinos in USA, Licenses, Taxation, Online Gambling News, Licensing, Taxes, New York
In the realm of online gaming legislation, New York Senator Joseph Addabbo is recalibrating his approach. Faced with the challenge of garnering support for a comprehensive bill encompassing iGaming, online poke...

Nevada Gaming Income Down in March; First Drop in 8 Months

Marija Malenovic
Casino News, Latest Casino and Gambling News, Las Vegas, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Sports betting, Taxation, Taxes, Financial Press Releases, Nevada
According to profit data released by the Nevada Gaming Control Board (NGCB) on April 25, gaming earnings collected by the state has seen a drop over the past month. In addition, the drop occurred for the 1st ti...

Michigan Tribal Casino Payments Decreased for Second Consecutive Year

Radosav Milutinovic
Tribal Gaming, Gaming Law & Legislation, U.S.A., Casino News, Latest Casino and Gambling News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Taxes, Financial Press Releases, Michigan
The Michigan Gaming Control Board has released the data on payments made by the state's tribal casinos to local entities in 2023. As reported, gaming payments made by 23 tribal casinos in the state have decline...

Bally’s Chicago Reports 12.7% Revenue Growth in March 2024 as Bally’s Corp. Mulls Takeover Bid

Marija Malenovic
Casino Sales, U.S.A., Casino News, Latest Casino and Gambling News, North America Casino News, New Hotels, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Taxation, Illinois, Taxes, Financial Press Releases, Rhode Island
Following a takeover bid by its biggest shareholder, an $800m financing gap for the construction of a planned Chicago casino, a project worth $1.7bln, and a credit downgrade by the rating agencies, business flo...

Brazil Seen as Future of Sports Betting; Could Replace US as Next Main Market for Sports Betting Gold Rush

Marija Malenovic
Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Brazil, Online gambling regulation, Central & South America Gaming, Gaming Industry News, Economy/Finance, Taxation, Online Gambling News, Sports betting, Taxes
The official legalization of sports wagering in Brazil occurred at the end of previous year, and the beginning of betting is projected to start during the next or this quarter, while watchdogs work through thei...

Detroit’s 3 Casinos Reach Highest Monthly Gross Income for March 2024 since 2019

Marija Malenovic
U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Sports betting, Taxation, Taxes, Financial Press Releases, Michigan
MGM Grand Detroit, Hollywood Casino at Greektown and MotorCity Casino, aka Detroit’s 3 licensed casinos, announced that they managed to collect $123.86m in monthly gross income for the previous month, i.e. Marc...

Singapore Excludes Criminal Legal Aid Recipients from Setting Foot in Casinos

Marija Malenovic
Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Asian Casino News, Taxation, Crime, Taxes, Fines, Lawsuits & Litigation, Singapore
Accused persons currently getting criminal legal assistance aren't permitted to set foot in Singapore’s jackpot rooms or casinos, nor to gain access to their Singapore Pools wagering accounts as long as they ha...