"Tax" Tag Results

By Tomas Medon

PGCB Releases Gaming Revenue Figures for April 2020

May 19, 2020

The Keystone State, just all other states in the country, has been feeling the pinch of the coronavirus pandemic and not much has changed for the past month. The gambling industry in Pennsylvania was set to be an obvious casualty. March was a challenging month for the gaming industry and April was no different. Land-Based […]

By Grant Mahon

No Tax Breaks for Macau Casino Operators

February 25, 2020

The recent coronavirus outbreak in China recently saw to the temporary suspension of casino operations in the city of Macau. This move was intended to mitigate against the possible spread of the virus after 10 people in the region were infected after the outbreak. Fortunately, the temporary shut down seems to have served its purpose […]

By Elaine West

Japanese Government Proposes Withholding Tax on Casino Winnings

December 3, 2019

As part of the preparations to usher in Japan’s long-awaited Integrated Resorts (IRs), a number of regulatory developments have been suggested. The new casino regime is expected to be a gamechanger for the country and the government is looking for ways to ensure everything turns out just as expected. One of the most recent proposals […]

By Grant Mahon

Gaming Operators in India Under Fire Over GST Payments

May 1, 2019

India’s indirect tax department has begun questioning some of the country’s leading online fantasy and skill gaming companies such as Dream11 and others in a bid to ascertain whether there is a revenue leakage on of the methodology that these platforms use to calculate and pay the GST (goods and service tax). In other […]

By Grant Mahon

MGM Reports Significant Drop in Q1 Profits for 2019

April 30, 2019

Last Monday, renowned casino operator MGM reported revenue of $3.18 billion in the last quarter of the year ending March 31 – this represents a 13 percent year over year increase. Operating income casino for the casino also rose by 3 percent but the company’s net income plummeted by a whopping 86 percent to just […]

By Ameana Jones

UK Government Under Fire for Failing to Back Betting Levy

April 29, 2019

The government of the United Kingdom is under fire for supposedly failing to back a mandatory levy on betting firms. Proposed by a conservative MP, this mandatory levy is supposedly meant to increase funding for addiction treatment. What the Proposal Entails In a PoliticsHome post, Richard Graham the MP for Gloucester and the main proponent […]

By Elaine West

Pa. Court Strikes Down Special Tax to Help Struggling Casinos

April 27, 2019

Last Friday (April 26) the Keystone State’s Supreme Court struck down a special fund that was created by the state’s 2017 gambling expansion laws. The law in question left the state’s high-performing casinos like Parx Casino and Sands Bethlehem paying a disproportionate tax to subsidize some of the state’s less profitable casinos including Presque Isle […]

By Alexander Palmer

Macau Sees 6 Percent Increase in Gaming Tax Revenue in Q1 of 2019

April 24, 2019

While gaming activity in Macau took a bit of a dive in the first three months of 2019, tax revenue collected by the authorities did not. The region’s Financial Service Bureau reports that the city collected more than $3.67 million in tax revenue from the thriving gambling industry in the first quarter of the year. […]

By Tomas Medon

Louisiana Considering More Gambling Expansion to Boost Taxes

April 21, 2019

Close to three decades ago, lawmakers in Louisiana turned to gambling in an effort to replenish state revenues that had been previously devastated by the oil bust of the late 90s. So, for a better part of the first half of the 90s, the state gave the green light for a state lottery, 15 riverboat […]

By Alexander Palmer

Colorado May Be About to Jump on the Sports Betting Bandwagon

April 21, 2019

A bill recently introduced to the state Legislature seeks to have sports betting legalized and regulated in the state of Colorado, and if it gains any traction, the state may other states with regulated sports betting as soon as May 2020. If it gains enough momentum with the state Legislature, the state’s residents are […]