Sports
April 6, 2023
Brazil’s Soccer League Desires 4% of Sportsbooks’ Revenues
The Confederação Brasileira de Futebol (CBF), Brazil’s soccer confederation, wants additional funding in the form of sports betting taxes. Amid discussions for revolutionizing the gaming system, the body asked to receive a 4% share of licensed operators’ revenues. The CBF said that the proceeds, if granted, would be distributed among its leagues. The confederation’s proposal […]
Industry
April 3, 2023
BGC to Support RET Levy if Land-Based Operators Are Protected
Britain’s Betting and Gaming Council said that it would welcome a mandatory levy to fund gambling research, education and treatment (RET) services if it is independent and tiered to protect land-based companies. The mandatory levy is a measure proposed ahead of the release of the white paper which will revolutionize British gambling law. It would […]
Sports
February 22, 2023
New Football Betting Duty May Impact HKJC’s Operations
The announcement comes after the Hong Kong Special Administrative Region Government announced a proposed 2023-24 Budget. Within that proposal, a Special Football Betting Duty (SFBD) is established. The duty, which is effectively a charge on all bets for football, is expected to deliver HK$12 billion ($1.53 billion) in proceeds over the next five years. A […]
Legal
February 17, 2023
Workers Union Blasts NSW Proposal to Increase Taxes for Pokies
Amid the review of The Star Entertainment’s NSW and Queensland operations, a new proposal calls to increase the tax rate for the company’s NSW location. The new proposal calls to increase the tax rate to nearly 61% for the poker machines within casinos. The change, if approved, is expected to be implemented starting in July […]
Legal
February 10, 2023
Texas Lawmaker Disagrees with Betting and Gambling Proposals
After the start of the legislative season early in January, lawmakers in the state are trying to push the legalization of sports betting, as well as casino gambling. Different proposals seek to legalize the activities, predicting that betting and gambling will deliver economic stimulus and at the same time reduce the share of the black […]
Legal
February 10, 2023
Hawaii Bill Proposes Taxation for Vacation Gambling Trips
Many residents from the state like to take trips to locations that offer gambling entertainment primarily because the activity is illegal in Hawaii. One of the most popular locations is the gambling capital of the world, Las Vegas. Yet, while many enjoy the activity and it brings profits for operators involved in the organization process, […]
Casino
February 7, 2023
Junket Operators Impacted by New 5% Commission Tax
Besides the standard 35% tax on gross gaming revenue, casino operators in Macau, under the new rules, are due to pay an additional 5% floor “rent” fee. In addition to the casino operators, the new rules affected the once-profitable junket operators as well. Per the new regulation, the junkets are due to pay a 5% […]
Industry
February 1, 2023
FanDuel and DraftKings Call for Lower Tax Rates on GGR in New York
The Auburn Citizen reported that at a recent legislative hearing the CEOs of the two operators, have urged lawmakers to reduce the 51% tax on gross gaming revenue (GGR) as it is the highest among states that have legalized mobile sports betting. DraftKings and FanDuel Warn of 10-20% Drop in Sports Betting Handle In the […]
Casino
January 30, 2023
The Times: Bet365 Is Second Biggest Taxpayer in the UK
The report was compiled by The Times and unveils that Coates, who held the top place for the biggest taxpayer in the UK for three years in a row, came in second within the 2023 list. The first place on the 2023 biggest taxpayers’ list was filled by Alex Gerko, a billionaire born in Moscow […]
Industry
January 26, 2023
Simmonds Believes Mandatory Levy Would Be Counterproductive
Brigid Simmonds, the chairman of Britain’s Betting & Gaming Council (BGC) has criticized the appeals for the introduction of a new safer gambling tax. She is certain that the profoundly-discussed mandatory levy would not provide the extra fund people are hoping on. Industry Critics Continue Asking for a Mandatory Levy The United Kingdom is set […]
