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Industry
January 17, 2025
New Brazilian Ordinance Raises Concerns over Retroactive Taxation for Operators
The recently published Ordinance RFB/SPA/MF No. 3/2025 has sparked ongoing debates about its implications for Brazil’s gambling sector. The ordinance establishes the Intersecretarial Working Group (GTI-Bets), which will monitor tax compliance, oversee authorized operators, and investigate potential illegal activities. However, it also contains text implying the possibility of retroactive taxes for Brazil’s licensed operators. Retroactive […]
Business
January 16, 2025
Bally’s Wants Huge Property Tax Cut for Chicago Casino & Resort
At the start of January, we reported on Bally’s Chicago’s freshest investment program to boost diversity and inclusion in its $1.7 billion casino and resort project. Then, the company announced it would allow investors to buy a 25% stake in the project. Now, the Rhode Island-based gambling company is looking to secure a significant property […]
Casino
January 14, 2025
Virginia Proposes Body That Would Distribute Casino Taxes in Petersburg
A Virginia lawmaker who was among the chief proponents of a casino in the Petersburg area has proposed the generation of a commission that would distribute the gaming tax revenue. Delegate Mike Cherry, a former army member and active pastor, was among the promoters of a casino referendum in Petersburg. Thanks to his efforts, local […]
Legal
January 8, 2025
Indian Gaming Firms Seek Supreme Court Protection from Tax Demands
Gaming businesses in India are looking to the Supreme Court to help them out with backdated Goods and Services Tax (GST) bills that might be way more than what they make. In December at least two companies put in special requests asking the court to stop the tax office from taking action until they make […]
Industry
January 3, 2025
Michigan Gaming Tax Remains Unchanged as Bills Fall Through
Michigan’s Senate Bills 1193 and 1194 have failed to progress in 2024, meaning that the state’s gambling tax framework will remain unchanged, at least for now. The measures in question sought slight tax increases that would have generated extra funds for a variety of causes. SB 1193 Sought to Increase the Taxes Slightly The two […]
Industry
December 18, 2024
Australia Slashes Gambling Operator Tax Benefits to Combat Addiction
In a decisive move, the Australian federal government has announced it will cut off tax incentives to gambling operators for research and development (R&D) activities from 1 July 2025. The change was announced in the Mid-Year Economic and Fiscal Outlook (MYEFO) to ensure taxpayer funds are not used to compound gambling addiction and associated harms. […]
Industry
December 11, 2024
Glasgow Councilor Calls for Clarity on UK Gambling Levy Allocation
The UK government’s recently proposed statutory gambling levy has drawn questions from Glasgow councilor Laura Doherty, who is calling for much-needed clarity on how funds will be distributed and how they will benefit affected communities. As the city faces rising rates of gambling-related harm, Doherty has emphasized the need for a fair share of resources […]
Industry
December 11, 2024
Michigan Mulls over Slight Tax Hikes for Sports Betting, iGaming
Michigan lawmakers have proposed changes to how sports betting and online casino gaming are taxed in Michigan. While Michigan’s gambling tax will still remain fairly low, the two separate bills envision slight tax increases. Michigan Lawmakers Introduce Two Tax Bills The bills to raise the sports betting and iGaming taxes were introduced by Senators Sam […]
Industry
December 10, 2024
Pennsylvania Stood at the Top in Terms of 2023 Casino Taxes
While Pennsylvania isn’t the first state that people would associate with gambling, the Commonwealth’s industry is not only on par with other major gambling states but also takes the top spot in terms of casino taxes. However, the increased participation in games of chance has also sparked calls for enhanced safer gambling measures. Pennsylvania Reported […]
Industry
November 29, 2024
Bulgarian Betting Continues to Grow Despite Lower Tax Contributions
The Association of Gaming Industry in Bulgaria (AGIB) has published its financial report for the first nine months of 2024, highlighting a decline in gambling taxes in spite of the industry’s rapid growth. The discrepancy was caused by taxation changes that the Bulgarian Parliament passed last year. Bulgarian Betting Flourishes Thanks to the New Regulations […]
