Taxes

Arizona Sports Betting Handle Hits $648 Million in October 2023

Radosav Milutinovic
Latest Casino and Gambling News, U.S.A., Arizona, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News, Taxation, Taxes, Financial Press Releases
The state gaming, racing, and betting regulatory agency, Arizona Department of Gaming (ADG), has released sports betting figures (pdf) for the month of October of 2023. According to the regulator's report, spor...

Brazil’s Chamber of Deputies Validates Online Gambling And Sports Wagering Bill

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Brazil, World Casino News, North America Casino News, Online gambling regulation, Central & South America Gaming, Gaming Industry News, Economy/Finance, Mobile gaming, Licenses, Taxation, Online Gambling News, Sports betting, Licensing, Taxes
It was recently revealed that Brazil will officially debut a federal marketplace for sports wagering. In addition, when launched, it will involve modalities for the official management of online casino games. ...

Betting And Gaming Council Calls On UK Chancellor To Reconsider “Stealth Casino Tax”

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Taxation, Taxes, United Kingdom
The Betting and Gaming Council (BGC), the UK’s only wagering and gaming industry body, has called on the Chancellor to reconsider indirect tax on land-based casinos, the Autumn Statement confirmed. UK casino...

Star Entertainment Signs Binding Contract With NSW Government On Casino Duty Rates

Marija Malenovic
Latest Casino and Gambling News, Australia, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Poker, Taxation, Oceania Casino News, Mergers, Acquisitions & Partnerships, Taxes
Star Entertainment Group, an Australian-based gambling and entertainment company, revealed on November 21st filling that it has officially entered into a binding contract with the New South Wales government on ...

US Commercial Casinos Generated $16.17 Billion From Gamblers In Q3 2023; Best Third Quarter Ever

Marija Malenovic
Washington D.C., Casino News, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Taxation, Taxes, Financial Press Releases
The third quarter of this year was the best-ever third quarter in the history of the US commercial gaming industry, taking in $16.17 billion, in compliance with numbers recently released by the American Gaming ...

Combined Income From Virginia’s 3 Casinos Reaches Almost $50M; HR Bristol Exceeds $215 Million Since Official Opening

Marija Malenovic
Virginia, U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, Taxes, Financial Press Releases
It was recently reported that Bristol Casino: The Future Home Of Hard Rock, exceeded over $215 million in adjusted gaming income last month, aka October, approximately 16 months after officially opening its doo...

Georgian Prime Minister Raises Tax Rate For Gambling Businesses In Georgia To 15%

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, European Casino News, Licenses, Online Gambling News, Taxation, Sports betting, Georgia-Eurasia, Licensing, Taxes
Georgian Prime Minister Irakli Gharibashvili has raised taxes on the gambling industry and reported that the level of gambling in the country is "catastrophic." Rise of the gambling turnover: During his b...

Governor Kevin Stitt Unveils New Plan To Legalize Sports Wagering In Oklahoma

Marija Malenovic
Tribal Gaming, U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Online Gambling News, Sports betting, Taxation, Taxes, Oklahoma
Oklahoma Governor Kevin Stitt has revealed his plan to help officially legalize sports wagering in Oklahoma. The idea, which would enable Oklahoma residents to wager in-person at gambling locations managed by f...

Thailand’s House of Representatives Forms Thai House Committee To Examine Possibility Of Legal Casinos

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Taxation, Asian Casino News, Taxes, Thailand
Thailand's House of Representatives has agreed to establish a committee of 60 members to look into the possible opening of entertainment facilities, involving casinos, to tackle the long-running problem of non-...

Sikkim High Court Allows Interim Stay On US$76 Million Tax Demand Against Delta Corp

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, World Casino News, Online gambling regulation, Gaming Industry News, India, Asian Casino News, Taxation, Online Gambling News, Taxes
Delta Corp, India’s only listed hospitality and gaming firm that owns and manages hotels and casinos, stated that Sikkim High Court had given it an interim stay on a GST demand notice received from the Director...

Romania Issues Draft Emergency Ordinance To Introduce Changes In Gambling Industry

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, European Casino News, Licenses, Taxation, Online Gambling News, Licensing, Taxes, Romania
New measures offiicially adopted on October 5 via the Emergency Ordinance (GEO) that external advertising will be restricted to 35 square meters and that casinos can no longer use rewards to attract players, sh...

Fun88 Named Best Choice For Online Betting In India After Shutdown Of Famous Brands

Marija Malenovic
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Online gambling regulation, New online casinos, World Casino News, Gaming Industry News, India, Asian Casino News, Online Gambling News, Taxation, Taxes
Following the many shutdowns of well-known operators in India that have taken place recently, Fun88 has quickly came out as the main destination for gaming and online wagering fans in the said country. Addition...

Directorate General of GST Intelligence Issues Tax Demand Of Rs 16,800 Crore To Delta Corp

Marija Malenovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, India, Taxation, Online Gambling News, Asian Casino News, Taxes
As reported by The Times Of India, the Directorate General of GST Intelligence has issued a tax demand to Delta Corp, India’s only listed hospitality and gaming firm that owns and manages hotels and casinos, an...

Sportech Intends To Remove Stocks From London’s Junior AIM; Pre-Tax Loss Significantly Reduced

Marija Malenovic
Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Online Gambling News, Taxation, Taxes, Financial Press Releases, United Kingdom
UK-based entertainment and online gambling firm Sportech, intends to ask for shareholder validation to remove its shares from London’s junior Alternative Investment Market (AIM) because of the large burden of s...