Financial

Income Tax Office & Gambling Division Sign MOU to Foster Greater Collaboration & Tax Regulatory Compliance

March 12, 2024 | Tax

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 ...

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Regulator Urged to Investigate Charity’s Links to Gambling Industry

March 11, 2024 | Reveue

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...

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Gambling Embraces Digital ID and Biometric Payments

March 11, 2024 | Financial

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...

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AUSTRAC Commences Investigation Into Online Betting Company Bet365

March 8, 2024 | money-laundering

(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...

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Parliament Wants to Change the Taxation of High Gambling Winnings

March 8, 2024 | Tax

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 ...

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Government Restrictions on Lottery is Leading to a Massive Loss of Revenue for (state) Governments

March 4, 2024 | Financial

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 ...

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House and Senate Budget Negotiators to Decide on How Many Lottery Vending Machines to Authorize

March 3, 2024 | Financial

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...

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Light & Wonder Reports Fourth Quarter and Full Year 2023 Results

February 28, 2024 | Financial

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...

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Hoosier Lottery Releases Fiscal Year 2023 Annual Reports

February 28, 2024 | Financial

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...

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AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year

February 25, 2024 | Financial

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...

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New Bill Proposes 1-5 Year Jail Term for Illicit Casino Loans

February 23, 2024 | Legal Subscriber Only

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Tabcorp Results – Half Year Ended 31 December 2023

February 23, 2024 | Financial

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 (...

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2023 Commercial Gaming Revenue Reaches $66.5B, Marking Third-Straight Year of Record Revenue

February 21, 2024 | Reveue

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...

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FDJ Continued Development of the Group on Solid Foundations

February 20, 2024 | Financial

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...

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FDJ Announces the Opening of Its Public Purchase Offer on Kindred

February 20, 2024 | Financial

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...

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The Massachusetts Gaming Commission Releases January 2024 Casino and Sports Wagering Revenue

February 18, 2024 | Reveue

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...

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Sports Betting’s Economic Boom Attracting Bettors of All Ages Who Want the Thrill of Action and the Possibility of Financial Gain

February 13, 2024 | Economy

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...

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A New Tax Reform Is Not Necessary, The Additional Resources for Health are in the Companies That Manage Games Of Luck And Chance.

February 13, 2024 | Reveue

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...

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Svenska Spel Report 2023: Sustainable Gambling Continues to Increase – Board Intends to Propose a Dividend of SEK 1.9 Billion

February 9, 2024 | Financial

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...

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PAGCOR 2023 Revenues Up 35% to PHP79.4 Billion

February 9, 2024 | Reveue

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...

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A Queensland Audit Office Report Has Revealed Queensland Gamblers Spent $56.4 Billion in the 2022-23 Financial Year

February 8, 2024 | Reveue

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...

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Govt. to Collect Rs 14,000 Crore in GST from Online Gambling Companies Next Financial Year

February 7, 2024 | Online Gambling

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...

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Commencing in April 2024 Peru Will Introduce a 12% Tax on Online Betting

February 5, 2024 | Online Gambling

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...

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India Aims to Collect $1.7 Billion from Online Gambling Tax in FY25

February 5, 2024 | Online Gambling

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...

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