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Sports
November 28, 2023
BGC Criticizes Proposal for Gambling Tax Increase
Currently, horse racing is the second biggest sport in the UK. More than five million people enjoy some 1,400 horse racing events annually, figures that are a testament to the popularity of the sport. Yet, the horse racing industry is threatened amid changes that propose tax simplification, the single industry body for the UK betting […]
Industry
November 23, 2023
Kazakhstan Requires Operators to Provide Reports to the Tax Authority
Kazakhstan parliament members have approved changes to the country’s Tax Code that will require operators to provide reports on the activities of local players. Under the new rules, owners of gambling and lottery companies must submit information about the size of bets players have placed, as well as data on gambling losses and winnings. The […]
Industry
November 21, 2023
Star Entertainment Group and NSW Government Negotiate New Casino Duty Rates
Talks between the beleaguered operator and the NSW Government concluded in a compromise, significantly reducing the originally envisioned levy increases. However, the planned duty rate hikes will further strain Star Entertainment’s efforts to recover from the wake of its money laundering scandals and regain the trust of consumers and regulators. The Operator Is Yet to […]
Legal
November 6, 2023
Georgia’s PM Announces 15% Gambling Business Tax Rise
During a government meeting held last week, Georgia’s Prime Minister, Irakli Gharibashvili, announced his cabinet had submitted a fresh initiative to the parliamentary majority with regard to a series of changes in the way gambling businesses are being taxed. The Tax Changes, Expected to Bring Extra Money to the Budget PM Gharibashvili has announced that […]
Business
November 1, 2023
Crown Is Renegotiating Its $1B Tax Guarantee with NSW
Crown Resorts is renegotiating its 1 billion-dollar (AUD) tax guarantee agreement with the New South Wales government. In 2013, the operator promised to pay at least $1 billion in license fees and taxes over the 15 years after the opening of its Sydney property. However, the casino didn’t quite pick up as Crown Resorts had […]
Industry
October 27, 2023
Gambling Tax Increase in India May Shake the Sector
Earlier this year, lawmakers in India pushed forward a significant change in the taxation for online gambling. At the time, the regulatory body in charge of recommendations to the implementation of the Goods and Services Tax (GST), the Goods and Service Tax Council, greenlighted a proposal for the introduction of a 28% tax applicable for […]
Legal
October 25, 2023
Proposal in the Netherlands Calls for Increase in Gambling Tax
Taxation of retail and online gambling provides a vital stream of revenue for countries across the globe. Currently, there are strict rules regulating the gambling sector in the Netherlands and licensed operators in the country are subject to a 29.5% gambling tax. Now, a new proposal seeks to change the taxation of gambling for operators […]
Industry
October 24, 2023
Rep. Griffith Once Again Proposes Raising Missouri’s $2 Casino Admission Tax
Missouri seeks to support veterans by raising the state’s casino admission fees. Under a measure proposed by State Representative Dave Griffith, the fee, currently standing at $2, would be raised by a dollar or more. The extra money from the raised taxes will help veterans’ nursing homes that support people who have served their country. […]
Industry
September 21, 2023
Sweden Unveils Plans to Increase Gambling Tax
In 2019, Sweden reregulated its online gambling market, granting licenses to operators and enabling them to offer their services legally to customers in the country. At the time, a tax rate of 18% on gross gaming revenue (GGR) was applied, one that is relatively high when compared to other European countries. Yet, a new proposal […]
Business
September 11, 2023
ATO to Return $53M to Tabcorp Following Tax Dispute Resolution
Earlier today, Tabcorp, Australia’s largest gambling company, announced that it has reached a resolution to a tax dispute with the Australian Taxation Office (ATO). The resolution concerns income tax treatment of payments for various licenses and authorities. Tabcorp has already paid the disputed amount of tax liabilities and interest in full, the company announced. However, […]
