Financial
Income Tax Office & Gambling Division Sign MOU to Foster Greater Collaboration & Tax Regulatory Compliance
Gibraltar (March 7, 2024) — The Income Tax Office and the Gambling Division have signed a Memorandum of Understanding (MOU) to foster greater collaboration and tax regulatory compliance. The ...
Regulator Urged to Investigate Charity’s Links to Gambling Industry
Twickenham, U.K. (March 8, 2024) — Campaigners, backed by the Good Law Project, have raised concerns that GambleAware is almost entirely funded by the gambling industry. The Charity Commissio...
Gambling Embraces Digital ID and Biometric Payments
TORONTO, ON, Canada (March 8, 2024) — The European gaming industry has voiced its support for the EU’s digital identity scheme. In a dated post on its website, the European Gaming and Betti...
AUSTRAC Commences Investigation Into Online Betting Company Bet365
(March 7, 2024) — The Australian Transaction Reports and Analysis Centre (AUSTRAC) has commenced an enforcement investigation into Hillside (Australia New Media) Pty Limited (bet365). The i...
Parliament Wants to Change the Taxation of High Gambling Winnings
BERN, Switzerland (March 6, 2024) — In the future, gambling winnings of one million francs or more should in all cases be taxed where the winner lived at the time of the win. Parliament has ...
Government Restrictions on Lottery is Leading to a Massive Loss of Revenue for (state) Governments
Lottery is legal only in 10 Indian states INDIA (March 1, 2024) — Government restrictions on lottery are having a detrimental effect in the age of the internet, according to a new study. Not ...
House and Senate Budget Negotiators to Decide on How Many Lottery Vending Machines to Authorize
FLORIDA (March 1, 2024) — As appropriations Chairs work out the final details on a budget destined for a legislative vote next week, one sticking point revolves around the authorization of lo...
Light & Wonder Reports Fourth Quarter and Full Year 2023 Results
February 27, 2024) — Today, we released our fourth quarter and full year 2023 results and operating performance. “2023 was a banner year for Light & Wonder. Our businesses delivered...
Hoosier Lottery Releases Fiscal Year 2023 Annual Reports
INDIANAPOLIS (Feb. 27, 2024) — The Hoosier Lottery has released its Fiscal Year 2023 Corporate Social Responsibility Annual Report and its FY 2023 Financial Annual Report. The Corporate Social Re...
AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year
Hong Kong, February 23, 2024 – AGTech Holdings Limited (“AGTech” or the “Group”, HKEX stock code: 8279) today announced its second interim results for the twelve months ended December 31...
Tabcorp Results – Half Year Ended 31 December 2023
SYDNEY, NSW, Australia (February 22, 2024) — Tabcorp Holdings Limited (Tabcorp or the Company) (ASX: TAH) today announced its half year results for the 6-month period ended 31 December 2023 (...
2023 Commercial Gaming Revenue Reaches $66.5B, Marking Third-Straight Year of Record Revenue
Industry Contributes All-Time High $14.4B in State and Local Gaming Taxes Washington, D.C. – U.S. commercial gaming revenue reached an annual record of $66.5 billion in 2023, according to the Am...
FDJ Continued Development of the Group on Solid Foundations
Turnover of 2,621 million euros, up +6.5% and +2.8% on a comparable basis [1] Solid lottery fundamentals, +4.9% excluding Euromillions and Amigo Good momentum in competitive sports betting and onl...
FDJ Announces the Opening of Its Public Purchase Offer on Kindred
Boulogne, February 19, 2024 (8:30 a.m.) – The Swedish Financial Market Supervisory Authority (SFSA) today approved the “offer document” relating to the public tender offer of the FDJ group f...
The Massachusetts Gaming Commission Releases January 2024 Casino and Sports Wagering Revenue
The Massachusetts Gaming Commission reported today that the month of January 2024 at Plainridge Park Casino (PPC), MGM Springfield (MGM) and Encore Boston Harbor (EBH) generated approximately $93.5...
Sports Betting’s Economic Boom Attracting Bettors of All Ages Who Want the Thrill of Action and the Possibility of Financial Gain
MICHIGAN, USA (February 8, 2024) — Sports betting is an intriguing field with a long history that has evolved with technical improvements and human history. It has been around for thousands o...
A New Tax Reform Is Not Necessary, The Additional Resources for Health are in the Companies That Manage Games Of Luck And Chance.
Government supports the new initiative. Bogotá, Colombia (February 9, 2024) — At the same time that the government, the EPS, the IPS and the users of the health service confront each other w...
Svenska Spel Report 2023: Sustainable Gambling Continues to Increase – Board Intends to Propose a Dividend of SEK 1.9 Billion
VISBY, Sweden (February 7, 2024) — Svenska Spel’s focus on sustainable gaming continues to have an effect during the fourth quarter with an increase in the share of healthy revenues and...
PAGCOR 2023 Revenues Up 35% to PHP79.4 Billion
PHILIPPINES (February 5, 2024) — The Philippine Amusement and Gaming Corporation (PAGCOR) today said it booked Php79.37 billion in revenues in 2023, up 34.63% from last year’s Php58.96 bil...
A Queensland Audit Office Report Has Revealed Queensland Gamblers Spent $56.4 Billion in the 2022-23 Financial Year
The Queensland Government Made $1.9 Billion in Gambling Taxes Last Year BRISBANE, Qld., (February 7, 2024) — A Queensland Audit Office report tabled in state parliament outlines a concerning...
Govt. to Collect Rs 14,000 Crore in GST from Online Gambling Companies Next Financial Year
The government had defended the move, citing concerns about addiction. The Revenue Secretary said the industry has stabilised, but it is early to make conclusive remarks.| NEW DELHI, India (Februar...
Commencing in April 2024 Peru Will Introduce a 12% Tax on Online Betting
LIMA, Peru (February 2, 2024) — According to local media reports the publication of the new regulations of Law No. 31557 , in turn modified by Law No. 31806 , will be implemented soon. One...
India Aims to Collect $1.7 Billion from Online Gambling Tax in FY25
INDIA (February 4, 2024) — According to local media outlets the Central Government is aiming to collect as much as $1.7 billion in tax from online gambling platforms in the upcoming fiscal ye...