Taxes

Genting Might Increase New York’s Tax Revenue by 1$ Billion if Awarded New License

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Licenses, Taxation, Licensing, Taxes, New York
Since the opening of Genting Malaysia Bhd’s Resorts World casino in New York City, the place has become very popular among the residents and tourists, and the popularity will be further increased by expanding t...

Georgia Fails Again to Legalize Sports Wagering due to Disagreements Between Lawmakers Over Tax Money

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Taxation, Sports betting, Georgia-Eurasia, Taxes
An attempt to officially approve sports wagering in Georgia failed again this year. The reason for this is that lawmakers couldn't reach compromise on how to spend the collected tax money. Both bills couldn'...

New Jersey Bill Proposes Tax Increase on Online Sports Betting and Casino Gaming to 30%

Marija Malenovic
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Taxation, Taxes, New Jersey
New Jersey is contemplating raising the state's online casino gaming and sports wagering tax rate to a maximum of 30%. Additionally, Senator John McKeon is cited as the lead sponsor of the tax rate hike legisla...

Georgia Makes Necessary Updates to “Electronic Registry of Citizens” to Comply with Amendments to its Gambling Laws

Marija Malenovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Taxation, Online Gambling News, Georgia-Eurasia, Taxes
Georgia's Ministry of Finance has overhauled the "electronic registry of citizens" to abide by the impending amendments to the gambling laws of the Caucasus nation. Updated laws: Implemented by the execut...

Amended Maryland Online Casino Bill Heads to Senate After House Passage

Marija Malenovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Licenses, Online Gambling News, Sports betting, Taxation, Licensing, Taxes, Maryland
Online casino bill, HB 1319, authored by Maryland Rep. Vanessa Atterbeary, has officially passed the House of Representatives and is on its way to the Senate for approval. Non-unanimous vote: On March 16,...

Hard Rock Casino Northern Indiana Hit $37.9Million Gaming Win In February 2024

Radosav Milutinovic
Latest Casino and Gambling News, U.S.A., Casino Destinations, Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Taxation, Indiana, Taxes, Financial Press Releases
An iconic gaming and entertainment venue, Hard Rock Casino Northern Indiana, generated almost one fifth of the total gaming revenues in the state in February 2024. According to the Indiana Gaming Commission (IG...

Nevada Reps. Get Support From IRS Advisory Council In Effort To Lift Tax Threshold On Slot Machine Jackpots

Marija Malenovic
Jackpot Winners, U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, Taxes, Nevada
Leaders of Congress, including Dina Titus (D-NV) who have been requesting from the Internal Revenue Service (IRS) to increase the tax reporting limit on jackpots from slot machines for almost a decade, have rec...

Detroit Casinos Generate $94.4 Million in Revenue In January 2024

Radosav Milutinovic
U.S.A., Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Taxation, Taxes, Michigan
In January 2024, the three Detroit casino operators experienced a decline in table games and slot revenue across their land-based facilities in comparison to the same month last year. Michigan Gaming Control Bo...

Gov. Shapiro Plans To Regulate Skill Games In July In His 2024 Budget Plan

Marija Malenovic
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Game manufacturers, Taxation, Taxes, Pennsylvania
Recently, Josh Shapiro, Governor of Pennsylvania, gave his budget speech for FY 2024/2025 at the decorated Capitol Rotunda in Harrisburg. During his speech, he revealed that he intends to regulate games of skil...

PAGCOR Wants To Lower Fees For iGaming Operators to 35% In March, Says Tengco

Marija Malenovic
Gaming Law & Legislation, Casino Destinations, Latest Casino and Gambling News, World Casino News, Online gambling regulation, Gaming Industry News, Casinos of the Philippines, Mobile gaming, Economy/Finance, Asian Casino News, Online Gambling News, Taxation, Taxes, Philippines
The Philippine Amusement and Gaming Corporation (PAGCOR), the gaming regulatory agency of the Philippines, revealed that it will lessen the fees imposed on iGaming providers to 35% in the 3rd month of this ongo...

Two Online Sports Wagering Legislations Submitted In Magnolia State

Marija Malenovic
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Taxation, Taxes, Mississippi
As Mississippi Rep. Casey Eure projects to officially lead a sports wagering charge in Mississippi, rest of the lawmakers are setting things in motion. Over the past week, Democrat Rep. Cedric Burnett, offic...

Sports Bettors In Arizona Managed To Set Latest Betting Record In November of Last Year

Marija Malenovic
Latest Casino and Gambling News, U.S.A., NFL, World Casino News, North America Casino News, Arizona, Gaming Industry News, Economy/Finance, Mobile gaming, Licenses, Sports betting, Online Gambling News, Taxation, Licensing, Taxes, Financial Press Releases
Sports bettors in Arizona were relieved to have the chance to legally bet online on sports during November of the previous year. In addition, their appreciation has been more pronounced over the aforementioned ...

Svenska Spel Plans To Permanently Close Casino Cosmopol Venues In Gothenburg and Malmö

Marija Malenovic
Sweden, Casino News, Latest Casino and Gambling News, World Casino News, Casino closures, Gaming Industry News, Money Laundering, European Casino News, Online Gambling News, Taxation, Crime, Fines, Lawsuits & Litigation, Taxes
Svenska Spel plans to officially close the Casino Cosmopol facilities in Malmö and Gothenburg. The main reason for this decision is the limited profitability of the facilities, the firm revealed on January 24. ...