Taxes

Star Entertainment Collects $545M After Record Statutory Loss; Suspends Dividends

Marija Malenovic
Gaming Law & Legislation, Australia, Latest Casino and Gambling News, Online gambling regulation, Money Laundering, Economy/Finance, Conferences / Trade Shows, Licenses, Taxation, Oceania Casino News, Crime, Licensing, Taxes, Fines, Lawsuits & Litigation, Financial Press Releases
Star Entertainment Group, one of Australia's leading gambling and entertainment companies based in Brisbane, has publicly announced that it is collecting AUD$800 million, which is approximately 545 million US d...

Cambodia applies fresh revenue-based tax model for casinos

Marija Malenovic
Gaming Law & Legislation, Cambodia, Casino News, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, Conferences / Trade Shows, Licenses, Taxation, Online Gambling News, Asian Casino News, Licensing, Taxes
From December 30, 2022, Cambodia's Ministry of Economy and Finance (MEF) began applying the latest revenue-based rules for taxes and procedures for commercial gambling business, aka casinos, to the self-proclai...

Jay-Z Roc Nation and Caesars cooperation for Times Square Casino proposal

Marija Malenovic
Casino proposals, Gaming Law & Legislation, Casino News, U.S.A., Latest Casino and Gambling News, Las Vegas, World Casino News, North America Casino News, Online gambling regulation, New Hotels, Casino project updates, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Licenses, Online Gambling News, Taxation, Mergers, Acquisitions & Partnerships, Licensing, Taxes, New York
After partnering with SL Green, on Monday, December 5th,  Las Vegas-based Caesars Entertainment publicly announced that it has inked a partnership and support from Roc Nation, the full-service entertainment age...

AGA reports illegal gambling of $511 billion annually captures $13.3 billion in tax revenue in U.S.

Radosav Milutinovic
Washington D.C., U.S.A., Casino News, Gaming Law & Legislation, Latest Casino and Gambling News, Casino Cheating, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Illegal Bookmaking, Poker, Lottery, Unlicensed Operation, The Players Lounge, Sports betting, Online Gambling News, Fantasy Sports, Fantasy eSports, Licensing, Taxes
According to the American Gaming Association's latest report, an estimated $511 billion is the annual turnover of illegal and unregulated gambling in America. These illegal sportsbooks, iGaming websites, and un...

Nevada gaming win exceeds $1 billion in October, dowtown Las Vegas hits $90.5 million record

Radosav Milutinovic
NBA, Latest Casino and Gambling News, U.S.A., Las Vegas, NFL, Casino Destinations, Casino News, World Casino News, North America Casino News, Poker Tournaments, Gaming Industry News, Economy/Finance, Poker, The Players Lounge, Online Gambling News, Sports betting, Taxes, Financial Press Releases, Nevada
The Nevada Gaming Control Board reported Tuesday that the state gaming industry revenue exceeded $1 billion in October, with downtown Las Vegas hitting a $90.5 million record. The 20th consecutive month with re...

Tabcorp files lawsuit to Supreme Court against Entain and NSW

Radosav Milutinovic
Greyhound Racing, insider trading, Gaming Law & Legislation, Horse Racing, Australia, Latest Casino and Gambling News, World Casino News, Lottery, Data Protection, Unlicensed Operation, Licenses, Taxation, Online Gambling News, Sports betting, Licensing, Taxes, Fines, Lawsuits & Litigation, Financial Fraud
Tabcorp, the Australian betting and entertainment provider,  has commenced proceedings in the Supreme Court against the competing provider Entain and the NSW division of the Australian Hotels Association. Tabco...

Maryland approves inaugural batch of online sportsbetting licenses

Adam Morgan
Casino News, Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Licensing, Taxes, Maryland
In the small American state of Maryland and the body put in charge of evaluating the license suitability of potential online sportsbetting operators has reportedly approved the applications of ten inaugural ent...

Vermont leaning towards debuting an online-only sportsbetting market

Adam Morgan
Vermont, Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Sports betting, Online Gambling News, Licensing, Taxes
In the small eastern American state of Vermont and the official body investigating the possibility of launching legalized sportsbetting is reportedly set to recommend that the largely rural jurisdiction start w...

Ontario iGaming market posts impressive opening handle and revenue figures

Adam Morgan
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Ontario, Sports betting, Online Gambling News, Licensing, Taxes
In Canada and the recently-liberalized iGaming market of Ontario reportedly chalked up aggregated handle of approximately $3.05 billion in the twelve weeks following its April 4 launch to produce some $123.79 m...

Peru lawmakers pass online gaming and sportsbetting legalization measure

Adam Morgan
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Central & South America Gaming, Gaming Industry News, Economy/Finance, The Players Lounge, Sports betting, Online Gambling News, Peru, Licensing, Taxes
Lawmakers in the South American nation of Peru have reportedly passed legislation that lays out the inaugural framework for the launch of legalized online gaming and sportsbetting complete with a 12% net win ta...