Financial
BCLC Collaborates with Deloitte for Second Social Purpose Study
Paper Shares How Risk and Internal Audit Function in Purpose-Driven Companies BCLC’s journey to embed its social purpose into operations has highlighted opportunities to learn more and share less...
Differential Tax Treatment Between Skill and Chance-Based Games Could See Online Gaming Companies Face Hefty 28% GST Levy
Kerala, India (August 19, 2023) –It appears that the online gaming companies in India are facing a significant tax demand of Rs 45,000 crores following the implementation of a 28% Goods and S...
Call for NSW Premier to Establish a Gambling Royal Commission
SYDNEY, NSW, Australia (August 18, 2023) — According to a loca media outlet the head of the Independent Liquor and Gaming Authority warned the NSW government two years ago that organised crim...
Philippines Casino Revenue Seen Doubling by 2028 as Tourists Flock in
MANILA, Philippines (August 177, 2023) – The Philippines’ gambling industry is set to double its gross gaming revenue by 2028, as the country attracts more tourists such as wealthy Chinese gamb...
Minnesota Lottery Delivers Another Win for Minnesotans in Fiscal Year 2023
Lotto Game Sales, Prize Payouts and Contributions to the State Set Records ROSEVILLE, Minn. (Aug. 17, 2023) — The Minnesota Lottery delivered a big win for Minnesotans during its latest fiscal ye...
PA Gaming Control Board Reports Revenue Increase of 9% In July
HARRISBURG, PA: The Pennsylvania Gaming Control Board (PGCB) reported today that the combined total revenue generated from all forms of gaming, along with fantasy contests, during July 2023 was ...
American Gaming Association – 2023 Second Quarter Commercial Gaming Revenue Tracker
Quarterly Gaming Revenue Again Surpasses $16 Billion WASHINGTON, DC (August 16, 2023) — Following an exceptional Q1 which saw more than 16 percent annual growth in gaming revenues, U...
Commercial Gaming Revenue Surpasses $16B in Q2 2023 with 10th Consecutive Quarter of Growth
Industry Generates More Than $7B in Gaming Tax Revenue through H1 2023 Washington, D.C. – U.S. commercial gaming continued its long run of consecutive quarterly revenue growth in the second quart...
Chief Executive Says Macau Will Likely Keep Running a Deficit into 2024
MACAU, SAR (August 14, 2023) — Macau will likely keep running a deficit into 2024, Chief Executive Ho Iat Seng said during a Q&A session at the Legislative Assembly last Friday. The terri...
Record-Setting Mega Millions Jackpot Brings Millions in Benefits to New York
New York’s Lottery sales while jackpot grew generated millions of dollars in aid to education and commissions for New York retailers The record-setting $1.602 billion Mega Millions jackpot proved...
Developments in the Regulation of Crypto Assets – If Not The Financial Conduct Authority Then Who?
DAC Beachcroft LLP (August 11, 2023) — A recent report from the House of Commons Treasury Committee, ‘Regulating Crypto’, highlights ongoing concerns about the lack of regulatio...
NSW Government Overhauls Tax Regime for Star Casino
SYDNEY, NSW, Australia (August 11, 2023) — The Minns Labor Government will overhaul the former government’s changes to casino taxes to prevent The Star Sydney turning into an unviable opera...
ESPN Reaches $1.5 Billion Sports Betting Agreement with PENN
The agreement means PENN Entertainment has divested from Barstool Sports, giving the company back to founder David Portnoy. Helena, Montana (August 9, 2023) — According to media reports PENN ...
Cabinet Okays Bill to Bring Clarity on 28% GST Rate for Online Gaming, Casinos, Horse Racing
Path cleared for introduction of bill in current session of Parliament New Delhi, India (August 9, 2023) — According to a local media outlet the Union Cabinet on Wednesday cleared a bill to a...
Macau Casino Revenue at MOP533 Million Per Day at Beginning of August – JP Morgan
MACAU, SAR (August 8, 2023) — Investment bank JP Morgan has estimated gross gaming revenue for the first six days of August at MOP3.2 billion (US$400 million), or MOP533 million per day, with...
Gaming Companies Will Need to Put in Place Interim Measures Until the Courts Reach a Decision on the Tax Rates and Value
INDIA (July 25, 2023) — It appears that the online gaming sector will certainly go through a disruption and the gaming platforms will have to modify their business models and look at avenues ...
Victorians Lose $3.022 Billion on Poker Machines in FY2022-23
Victoria, Australia (July 28, 2023) — On 28 July 2023, the Victorian Gambling and Casino Control Commission released figures on poker machine expenditure for the 2022-23 financial year. In to...
Macau August GGR Expected to Hit New Post-Covid Record at MOP17 Billion
MACAU, SAR (August 3, 2023) — Brokerage Citigroup Inc. has estimated gross gaming revenue (GGR) for August at MOP17 billion (US$2.12 billion), with the expected figure to surpass the post-Cov...
Ohio Lottery Transfers Record $1.46 Billion Profit to Lottery Profits Education Fund
CLEVELAND, Ohio (August 3, 2023) – The Ohio Lottery finished the fiscal year breaking records in multiple categories including a record $1.46 billion transfer to the Lottery Profits Education Fun...
Sizeable Trade of Lottery Corp Stock Changed Hands Today
SYDNEY, Australia (August 2, 2023) — Street Talk reports it spotted a sizeable trade of Lottery Corp stock on Wednesday morning with around 0.6 per cent of the company changing hands. Multipl...
