Taxes

Indian Government Hits iGaming Industry With 28% Tax

It was recently revealed that the Indian government has stated that it would levy a 28% tax on the funds online gaming firms earn from their clients from each game. In addition, companies have so far paid littl...

KHRC Validates Introduction Of Sports Betting For Retail In Kentucky; To Take Effect Concurrently With Beginning Of NFL Season

Yesterday, July 10, it was revealed that the Kentucky Horse Racing Commission (KHRC) has validated the introduction of sports wagering. In addition, it will go into effect when the NFL season officially starts ...

Virginia Exceeds $1 Billion In Gross Sports Betting Profits

Recently, licensed operators submitted a May 2023 sports betting activity report to the Virginia Lottery, which the Lottery then officially unveiled. The report showed that Virginia exceeded $1 billion in gross...

Sri Lanka’s Cabinet Of Ministers Validates Establishment Of Gambling Regulatory Authority

The Cabinet of Ministers of Sri Lanka officially validated a proposal to draft legislation to create the Gambling Regulatory Authority (GRA), whose main task will be to supervise the industry and make sure that...

Rhode Island Governor Signs iGaming Bill Into Law

Yesterday, June 22nd, Gov. Dan McKee officially signed into law Senate Bill 948, which expands Bally's land-based casino monopoly into iGaming. However, the governor decided to sign the legislation just hours b...

Macau Legend Sells Savan Legend Casino To Focus On Macau Business

Recently, Macau Legend Development Ltd., the investment holdings company that owns the Macau Fisherman’s Wharf zone and manages the Legend Palace satellite casino, announced that it has struck an initial agreem...

Richmond City Council Votes To Bring To Life Proposed Casino Project; Second Referendum Likely This Fall

During a meeting Monday night, June 12, the Richmond City Council voted 8 to 1 in favor of the bill that would put ONE Casino+Resort back on the November ballot, which will likely move to a second referendum vo...

WARN Notice Submitted By Vernon Downs; Casino Prepares To Close

New York's Vernon Downs Hotel Casino has filed a WARN notice with the New York State Department of Labor outlining plans to officially close by the end of this year and discharge all 249 of its workers. Plan...

AGA: American Sports Betting Sentiment Rose 22% Since 2018 PASPA Repeal; US Simultaneously Recorded $220 Billion Handle

The Professional and Amateur Sports Protection Act of 1992, known as PASPA, regulated the U.S. sports wagering market until 2018 when Supreme Court ruled that the PASPA conflicted with the Tenth Amendment and r...

Tennessee Legislature Passes Bill for The First Handle Tax in the U.S.

The State of Tennessee announced changes in the sports wagering market as its legislators passed the SB 475 Bill on Friday to change the state's mobile sports betting tax system. The Bill will amend the existin...

Arizona Tribal Gaming Generated 20% More in Tax Revenues Than Last Year

Tribal gaming in Arizona hit record levels in the first quarter of 2023 to generate the highest level of contributions from the Arizona Department of Gaming (ADG) aggregated since 2004. Following the Arizona Tr...
star casinos

Star Casino and United Workers Union Against the Tax Increase

The workers in Sydney’s Star casino are worried about their future - and with a reason. Since gaming taxes will be increased in July, many of them will lose their jobs. That’s why the Union decided to schedule ...