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Industry
January 16, 2024
Federal Handle Tax Bill Sparks Industry Controversy
In the 1950s, a federal excise tax on sports wagers was implemented as a method to fight against illegal gambling. The tax, which is 0.0025% of every sports wager has remained in place since, despite efforts of lawmakers against it. While at the time, only Nevada was affected by the tax, this is not the […]
Legal
December 22, 2023
Bulgaria Introduces Drastic Fee Hikes for Gambling Operators
Bulgaria has finalized an overhaul of fees for gambling operators, increasing costs between two and four times. These measures should bring in roughly BGN 200 million ($112.62 million) in additional revenue for the government. This amendment, integrated into the final provisions of the 2024 State Budget Law, garnered support after significant deliberations involving the country’s […]
Industry
December 21, 2023
Bulgaria’s AGIB Opposes the New Gambling Tax and Deadline
Bulgaria’s new gambling taxes do not sit well with the gambling industry. This follows the National Assembly Committee on Budget and Finance’s passing of a measure that would raise the gambling license fees by a staggering 300% and the alternative gambling tax by 60%. The Association of the Gaming Industry in Bulgaria (AGIB) expressed its […]
Industry
December 13, 2023
Curacao’s Minister of Finance Announces New License Fees
At the start of September, Curacao initiated its updated application process for online gambling licenses, reaching a critical milestone in the island’s strategy to improve the legitimacy of its online gambling industry. Now, according to reports from iGamingBusiness, Curacao’s Minister of Finance, Javier Silvania, has officially announced the new fees that gaming operators looking to […]
Industry
December 8, 2023
BOS: Sweden’s New Gambling Tax Is a Gift to the Black Market
Sweden’s online gambling association, Branschföreningen för Onlinespel (BOS) is not happy with the government’s plan to increase the gambling tax. According to its general secretary, Gustaf Hoffstedt, this move would be a huge Christmas present to the black market. For reference, Sweden just proposed to raise its gambling tax from 18% to 22%. The new […]
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 […]
