Financial
Macau VIP Gaming Revenue Jumps 41.9 pct in Q2, Already Over One Fourth of Total GGR
MACAU, SAR (July 19, 2023) — Gross revenue generated from VIP gamblers soared 41.9 per cent in the second quarter of 2023, compared to the previous three months, Macau News Agency reports fig...
Idaho Lottery Commemorates 34 Years with Record Dividend to People of Idaho
BOISE, Idaho (July 18, 2023) – During a public ceremony at Emmett Middle School, the Idaho Lottery commemorated their record-breaking 34th anniversary by returning the single largest dividend in ...
Pennsylvania Gaming Control Board Reports Record Tax Raevenue Achieved In 2022/2023 Fiscal Year From Legal Gambling
HARRISBURG, PA: The Pennsylvania Gaming Control Board today reported that tax revenue generated during the combined Fiscal Year 2022/2023 reached a record level of $2,369,249,258. This tax figur...
PA Gaming Control Board Reports Revenue Increase of 13% In June
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 June 2023 was $4...
Gamblers to be Restricted to $100 Limits on Poker Machines in Victoria as Part of New Reforms
In short: The Victorian government is introducing new restrictions to poker machines including a pre-commitment limit of $100 What’s next? Community Clubs Victoria says hyper-regulation cou...
J.P. Morgan Foresees Full Mass Gaming Recovery for Macau by October
MACAU, SAR (July 11, 2023) — Macau’s gaming industry has gotten off to a strong start this summer, according to J.P. Morgan analysts DS Kim and Mufan Shi. According to the investment bank...
Administrative Court Annuls the Gaming Authority’s Decision on a Warning and Penalty Fee Against ATG
Linköping, Sweden (July 7, 2023) — The Gaming Authority (Spelinspektionen) decided on 17 November 2022 to issue AB Trav & Galopp with a warning and that the company would pay a penalty ...
Winnings from Online Poker Play May Also be Subject to Income Tax
Press release from the Federal Fiscal Court of June 29, 2023 – number 031/23 München, Germany (July 3, 2023) — The Federal Fiscal Court (BFH) ruled on February 22, 2023 – XR 8/21...
Price Increase Has Not Hindered Lottery Sales
Sri Lanka (July 10, 2023) — Though the price of lottery tickets had been increased to Rs. 40 each, the sale of lottery tickets on Thursday (6) was very successful, the National Lotteries Boar...
Licensing and Taxation of Gambling Activities in Denmark
All questions The licensing process i Application and renewal The Danish Gambling Authority has different application forms for different types of gambling licences. Licences may as a starting poin...
Lottomatica-Censis Report: Legal Gaming in Italy and Its Social and Economic Value
ROME, Italy (June 22, 2023) – The second Lottomatica-Censis Report “Legal gaming in Italy. The social and economic value of the game”. The survey explores the social significance and functi...
Cibelae, in the Agenda of Activities of the WLA
Buenos Aires, Argentina (June 22, 2023) — In the agenda of activities of the World Lottery Association (WLA) two events stand out in which the Ibero-American Corporation of State Lotteri...
OKTO’s Cash-to-Digital Payments Now Live with Macao Win
ROME, Italy (June 21, 2023) — Macao Win, a prominent iGaming operator in Italy, has partnered with OKTO, the market-leading digital payments provider, to introduce an e-Voucher cash payment s...
Legislative Council Approve New HK$12bn Football Betting Tax Levy
Hong Kong lawmakers pass bill ordering Jockey Club to pay HK$12bn in football betting tax to boost gov’t revenue Legislators approved the new levy despite earlier objections from the Jockey Club,...
Greece’s “Forolotaria” Receipt Lottery Turns Black Money Into Tax Revenue
DÜSSELDORF, Germany (June 20, 2023) — Athens It’s almost that time again. In a few days , the virtual lottery wheel will be spinning in Greece . Then it is clear who will recei...
Kansas Gamblers Bet Nearly $200M on Sports in February
The State Made $1,100 in Tax Revenue Sportsbooks were able to write off $80 million in promotional credits KANSAS (June 20, 2023) — Gamblers in Kansas wagered more than $194 million in Februa...
NSW Treasurer Defers Tax Hikes for Casinos Citing….
Lack of Engagement by Previous Government – ABC SYDNEY, NSW (June 20, 2023) — Earlier on Tuesday, it was revealed a tax hike for Sydney’s casinos due to come into effect on July 1...
Gaming Control Board Reports Revenue increase of 7.05% in May Compared to Revenue Generated in May 2022
HARRISBURG, PA (June 20, 2023) — The Pennsylvania Gaming Control Board (PGCB) reported today that the combined total revenue generated from all forms of gaming along with fantasy contests du...
Allwyn International a.s. Report for the Period 3Q FY2023
Management’s discussion and analysis of financial condition and results of operations for the three months ended 31 March 2023 Lucerne, Switzerland (June 14, 2023) — The financial and oper...
The Economic Implications of Lotteries: A Micro and Macro Perspective
USA (June 8, 2023) — You’ve probably seen it before: the lure of a massive lottery jackpot promising a life of luxury and financial freedom. While the odds of winning are astronomically low...
Calls for Government to Scrap £50million Limit on Charity Lotteries
People’s Postcode Lottery warns good causes in Britain could miss out on £200million in just the next five year. People’s Postcode Lottery supports more than 70 major charities. Red ta...
19 Consumers Win NT$10 Million in Taiwan’s March-April Receipt Lottery
7-Eleven, FamilyMart, Hi-Life, and PX Mart announce 6 Special Prize winners, 5 Grand Prize recipients TAIPEI, Taiwan (June 6, 2023) — According to local media reports a total of 19 receipts conta...
