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Legal
June 24, 2021
Germany Approves Controversial Turnover Tax on Online Slots and Poker
Germany’s controversial 5.3% turnover tax on online slots and poker received the approval of the parliament earlier this week. German Parliament Approves 5.3% Tax on Online Slots and Poker Back in March of this year, Germany’s new State Treaty on Gambling (GlüNeuRStv) was approved by lawmakers. Since then, the new regulation has received the approval […]
Legal
June 14, 2021
Kenyan Soccer Clubs Urge Government to Avoid 20% Excise Tax
Soccer in Kenya is facing new troubles as the government is preparing to reintroduce a once repealed 20% excise tax on sports gambling. Excise Tax on Gambling to Be Reintroduced in Kenya Kenyan soccer clubs are once again in a pickle after the National Treasury and Planning Cabinet Secretary Ukur Yatani said that a previously repealed 20% […]
Legal
May 21, 2021
Gambling Tax Proposal May Impact Ukraine State and Local Budgets
State and local budgets in Ukraine may be adversely affected by the proposed flat tax rate on gambling revenue in the country, a parliamentary committee warned, asking the government to consider subsidies to address the deficit. High Taxes will Minimize Consumption The Scientific and Expert Management Committee of the Ukraine Parliament argued that there is […]
Casino
May 18, 2021
Atlantic City Assemblyman Wants to Change PILOT Bill
An assemblyman from Atlantic county proposed an amendment to the second measure, known as the PILOT bill, and then retrieved it, stating it needs more refinement. Atlantic City Casinos Could See a Change in PILOT Bill On May 5, assemblyman John Armato from Atlantic County introduced changes to the casino payment-in-lieu-of-taxes bill (PILOT), aiming to […]
Industry
December 20, 2020
Macau November Tax Revenue Up 203% Compared to October
A glimmer of hope for the fading casino industry in Macau was given by the latest financial data release by the city’s Financial Services Bureau, showing Macau government collected two times more in tax revenue in November compared to October. November Twice as Good as October The government in the Special Administrative Region (SAR) of […]
Legal
July 25, 2020
US: New Bill Proposes the Removal of Federal Excise Tax
A bipartisan bill aiming at repeal of federal excise tax on legal sports betting was introduced yesterday. Bill co-founders are Rep. Dina Titus (Nevada) and Rep. Guy Reschenthaler (Pennsylvania). The Repeal of Federal Excise Task Was Proposed Yesterday Yesterday, Friday 24, a repeal of the federal excise tax was proposed by a bipartisan legislation. The […]