Financial
International Game Technology Plc Reports Second Quarter 2023 Results
Delivered strong Q2’23 financial performance with revenue and operating income margin meeting high end of outlook range Revenue of $1.06 billion increased 3% as reported, 11% net of Italy com...
GST Council may Propose Block on Gaming Services that Flout Tax Laws
New Delhi, India (July 31, 20023) — On Wednesday, the Council will consider necessary changes in laws to enforce its July 11 decisions, The HindustanTimes reported the second official said. T...
Government Gaming Corporation Net Income Jumps 37 Percent in H1, 2023
MANILA, Philippines (July 28, 2023) — Government entity Philippine Amusement and Gaming Corp (PAGCOR) announced a net income of PHP2.97 billion (US$54.4 million) in the first half of 2023, ac...
Star Workers Raise the Stakes in Fight Over Casino Tax
AUSTRALIA (July 28, 2023) — Star casino workers worried a proposed lift in taxes on the troubled Sydney gambling venue could cost jobs have taken their fight to the office of NSW Treasurer Da...
Georgia Lottery Annual Profits for HOPE, Pre-K Top $1.51B
ATLANTA (July 27, 2023) – The Georgia Lottery Corp. today announced it raised $1,516,383,000 for education in fiscal year 2023, bringing the total transferred to the State Treasury’s Lottery fo...
Broker Says Offshore Jackpots Pose Risk to Lottery Corporation
SYDNEY, Australia (July 24, 2023) — According to a local media report viewers watching a game of rugby or their favourite NRL team stand a good chance of seeing an advertisement promoting US ...
Tax Revenue from Philippine Offshore Gaming Operators Surges by 127% to Reach P8.9 Billion in 2022
MANILA, Philippines (July 24, 2023) — The government’s tax intake from Philippine offshore gaming corporations (Pogos) ballooned by 127 percent to P8.88 billion last year from P3.91 billion...
Zimpler is Appealing Against the Decision of the Swedish Gambling Authority
SWEDEN (July 21, 2023) — Zimpler, which offers tailor-made solutions for flexible and secure account-to-account payments, received a decision from the Gambling Authority on July 6 to stop pro...
Pagcor Revenues Surge, Share to Nation-Building Up by 48.50%
According to local media reports the Philippine Amusement and Gaming Corp. (Pagcor) continued to surpass its revenue achievements after it recorded P36.21 billion in total income in the first half ...
Betway Joins EGBA’s Anti-Money Laundering Guidelines
Betway has become the first brand outside of EGBA’s membership to sign up to the organisation’s pan-European guidelines on anti-money laundering. Brussels, 19 July 2023 – The European ...
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,...