Taxes

Ohio’s Sports Betting Handle Exceeds $4 Billion In 2023

Marija Malenovic
Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Lottery, Online Gambling News, Sports betting, Taxation, Taxes, Financial Press Releases, Ohio
Following the announcement that Ohio lawmakers officially passed a measure to legalize retail and online sports wagering in December 2021 and that both officially became legal on the first day of this year, the...

Nevada Breaks Record In July With $1.4 Billion In Gambling Income

Marija Malenovic
U.S.A., Las Vegas, Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Taxation, Sports betting, Taxes, Financial Press Releases, Nevada
The Nevada Gaming Control Board, Nevada’s regulatory body, revealed that Southern Nevada’s players hit casinos so often in July, the most ever in state history, breaking "monthly gaming win records" across the ...

Star Entertainment Group Reveals FY23 Profit; Significantly Reduces Debt

Marija Malenovic
Australia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Casino moguls, Taxation, Oceania Casino News, Taxes, Financial Press Releases
Star Entertainment Group, an Australian-based gambling and entertainment company, revealed yearly earnings on August 29 as business continues to balance and profits grow in every segment, further helping the fi...

Potawatomi Hotel and Casino Income Rises 1.7% As Casino Prepares To Compete Against Latest Rivals

Marija Malenovic
Tribal Gaming, Tribal Gaming, U.S.A., Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Casino openings, New Hotels, Casino expansion projects, Gaming Industry News, Economy/Finance, Conferences / Trade Shows, Sports betting, Taxation, Illinois, Taxes, Financial Press Releases, Wisconsin
The Potawatomi Hotel and Casino, operated by the Forest County Potawatomi tribe, saw income grow just 1.7% in the past 12 months through June 30, 2023. That's because the tribe is in the process of preparing to...

Tabcorp Reveals 5% Market Share Growth; Exceeds FY23 Predictions

Marija Malenovic
Australia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Conferences / Trade Shows, Online Gambling News, Taxation, Oceania Casino News, Mergers, Acquisitions & Partnerships, Taxes, Financial Press Releases
Tabcorp, a flagship Australian gambling company/provider of betting and gaming products and services based in Melbourne, stake rose over 5% on Thursday following a report of net income $66.5 million after tax, ...

U.S. Sports Betting Handle Hits $250 Billion To Mirror Support of 77% of American Adults

Radosav Milutinovic
Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Taxation, Online Gambling News, Sports betting, Licensing, Taxes, Financial Press Releases
Five years after the U.S. Supreme Court ruled to remove the federal ban on sports betting, the total handle for all 30 U.S. jurisdictions recently reached the threshold of $250 billion, according to reports. Th...

Michigan Gaming Control Board Votes Unianimously To Extend Licenses For 3 Detroit Casinos; Properties Collected $107.2M In Gambling Income In July

Marija Malenovic
Gaming Law & Legislation, U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licenses, Taxation, Sports betting, Fantasy Sports, Fantasy eSports, Licensing, Taxes, Financial Press Releases, Michigan
Throughout its scheduled public meeting, the Michigan Gaming Control Board (MGCB) voted unopposed to validate license extensions for MotorCity Casino, MGM Grand Detroit and Hollywood Casino at Greektown, aka De...

Indian Government Hits iGaming Industry With 28% Tax

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, India, Online Gambling News, Taxation, Asian Casino News, Fantasy Sports, Fantasy eSports, Taxes
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

Marija Malenovic
NFL, Horse Racing, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Horse Racing, Licenses, Taxation, Sports betting, Licensing, Taxes, Kentucky
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

Marija Malenovic
Virginia, Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, Sports betting, Taxes, Financial Press Releases
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

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, World Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance, Licenses, Taxation, Asian Casino News, Licensing, Taxes, Sri Lanka
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

Marija Malenovic
Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Licenses, Taxation, Online Gambling News, Licensing, Taxes, Rhode Island
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

Marija Malenovic
Laos, Casino Sales, Casino News, Latest Casino and Gambling News, Casino Destinations, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Licenses, Asian Casino News, Taxation, Macau, Mergers, Acquisitions & Partnerships, Licensing, Taxes
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

Marija Malenovic
Virginia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino proposals, New Hotels, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Employment & Careers, Licenses, Taxation, Licensing, Taxes
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...