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Industry
August 30, 2023
New Zealand: National Party Wants to Tax Offshore Online Gambling
Ahead of New Zealand’s general elections, planned for October, intense competition is expected. Amid concerns about increasing inflation, high taxes and high-interest rates, the National Party and Labor Party are expected to clash but who will be the winner remains to be seen. On Wednesday this week, the National Party uncovered details regarding an extensive […]
Legal
August 11, 2023
Ukraine Resumes 18% Turnover Tax on Online Gambling
The collection of taxes on gambling activities helps deliver a valuable stream of revenue for governments across the globe. Such tax revenue can be dedicated toward educational programs or contribute to the treatment, support and research of problem gambling. Besides the land-based gambling sector, amid the popularity of online gambling activities, iGaming operators also contribute […]
Business
August 11, 2023
Star Entertainment Strikes Tax Relief Deal in NSW
Earlier this year, Star Entertainment Group, an Australian casino and hospitality company, had to slash hundreds of jobs and executive bonuses to deal with the underperformance of its properties and the tax hike in New South Wales. However, the company has now managed to reach a concession on casino duty rates with the NSW government […]
Legal
August 4, 2023
ONJN Revokes Betting Frenzy’s License Over Unpaid Taxes
Romania’s National Gaming Office (ONJN) announced that it has revoked the license of the Bucharest-headquartered operator Betting Frenzy. Signed by Mihail-Silviu Pocora, president of the ONJN, the decision will void the company’s license because of tax-related issues. As a result, the company will no longer be able to legally offer slot games in the country. […]
Industry
July 27, 2023
IBJR Speaks Out against Brazil’s New Sports Betting Tax Proposal
Brazil’s provisional measure No-1182 lays the groundwork for a nationally regulated betting market. However, the planned tax increase of 18% for licensed operators caused significant concern. The IBJR argues that such harsh measures would place unsustainable burdens on law-abiding operators, driving consumers to unregulated and dangerous alternatives. Unsustainable Taxes Can Hurt the Regulated Market The […]
Legal
July 25, 2023
Sports Betting Legislation in Brazil Gains Traction
Brazil, a country identified for the high potential of its sports betting market, made a major move toward regulated sports betting after the country’s President, Luiz Inacio Lula da Silva, signed a Provisional Measure (PM) that paves the way for the activity. The announcement comes after significant delays but represents a milestone moment as it […]
Legal
July 12, 2023
Lawmakers in India Consider Imposing 28% Tax On Online Gambling
The growing gambling industry in India may be subject to a new, increased tax rate, following a decision made by lawmakers Tuesday. The country’s Goods and Service Tax Council, the regulatory body in charge of recommendations to the implementation of the Goods and Services Tax (GST) confirmed it has agreed to the implementation of a […]
Legal
July 5, 2023
Ohio’s Betting Tax Hike Will Hurt the Industry, Critics Say
A recent Ohio bill dubbed House Bill 33 proposes some drastic changes to how the state’s sports betting industry should be taxed. Under the measure, sportsbooks will have to pay 20% of their revenue in taxes starting 2024. Needless to say, not everyone is happy. A Summary of the Events Currently, sports betting operators need […]
Sports
July 4, 2023
Sports Betting Tax in Ohio to Double Starting from 2024
Late in December 2021, Ohio legalized sports betting activities. Despite the legalization, it wasn’t until January 1 this year, that the state officially launched its legal mobile and retail sports betting market. Although the initial tax rate for sports betting operators was set at 10%, that is expected to change soon. Starting from next year, […]
Casino
June 5, 2023
Nassau Citizens Rally against Vegas Sands’ Plea for Tax Exemptions
This clash between corporate interests and community welfare only compounds the growing controversy surrounding the project as more organizations raise concerns regarding the planned Nassau casino’s social impact. The civic organization protested Las Vegas Sands Corporation’s request for tax breaks, accusing the company of undermining the principles of fair taxation and potentially depriving the local […]
