Financial
Loto-Québec Presents Very Good Results 1Q Fiscal Year 2023-2024
Montreal, September 20, 2023 – For the period from April 1 to June 26, 2023, Loto-Québec’s activities generated total revenues of $711.2 million and consolidated net income of $380.9 ...
The Swedish Gaming Authority’s Consultation Response to the Ministry of Finance’s Memorandum Fi2023/02022
Strängnäs, Sweden (September 26, 2023) — In memorandum Fi2023/02022, it is proposed that the penalty fee for violations of the Money Laundering Act should be able to amount to the same maxi...
Online Gaming Companies Review Legal Options, Await GST Council Meeting for Clarity
Experts say there is a need for a clarificatory circular to address past issues that would give the industry a breather INDIA (September 28, 2023) — Faced with onerous notices for goods and s...
N.C. Education Lottery Achieves Record-Breaking $1 Billion for Education
RALEIGH (September 27, 2023) – The N.C. Education Lottery raised − for the first time ever − more than $1 billion in a single year for public education programs in North Carolina. The record ...
The Norwegian Lottery Authority has Informed Banks that it Will be Monitoring Compliance with the Payment Intermediary Ban
Førde, Norway (September 25, 2023) — The Norwegian Lottery Authority has now informed nine banks that there will be supervision of compliance with the payment intermediary ban. According to ...
Independent Panel Issues Invitations to Apply for the Cashless Gaming Trial
SYDNEY, NSW, Australia (September 25, 2023) — The Independent Panel on Gaming Reform has issued invitations for venues and technology providers to apply to participate in the cashless gaming...
The National Lotteries Commission Briefed Parliament on the Steps it is Taking to Review Procurement Procedures and Grant Funding
SOUTH AFRICA (September 25, 2023) — According to local media reports the National Lotteries Commission (NLC) has told Parliament it is taking extensive measures to stamp out illregularities a...
Sweden’s Government Proposes Increased Gambling Tax
SWEDEN (September 20, 2023) — Sweden’s government has today Wednesday proposed an increase in the gambling tax, from 18 percent of GGR to 22 percent of GGR. The reason, according to the gov...
State’s Total Gambling Expenditure Climbs to More Than $5 Billion in the Last Financial Year
BRISBANE, Qld (September 21, 2023) — The increase in gambling expenditure (net losses) in Queensland, Australia, over the past year is reportedly attributed to electronic gaming machines (EGM...
PA Gaming Control Board Reports 7.5% Revenue Increase In August
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 August 2023 wa...
Macau: MOP8.1 billion (US$1.01 billion) in First 17 Days of September – J.P. Morgan
MACAU, SAR (September 18, 2023) — Macau’s gross gaming revenue has shown signs of recovery in the first half of September, bouncing back from a slow start to the month due to unfavorable we...
Federal Government to Create 10m Jobs From Lottery, Gaming Industry – Minister
LAGOS, Nigeria (September 16, 2023) –The Federal Government has reiterated its readiness to harness the potential of the lottery and gaming industry in the country. Speaking at the second pha...
Finance Chief Reminds Casino Operators of Their Investment Pledges as GGR Rises
Macao’s concessionaires will have to increase their spending on non-gaming facilities if gross gaming revenue crosses a certain threshold this year. MACAU, SAR (September 15, 2023) — Macau...
Bill Cutting Stock Transaction Tax Will Also Lower Tax on Lotteries
MANILA, Philippines (September 14, 2023) — According to local media reports the proposed amendments to the Capital Markets Efficiency Promotion Act aims to lower taxes on lottery winnings an...
Allwyn International Q2 2023 Condensed Consolidated Interim Financial Statements and MD&A
Management’s discussion and analysis of financial condition and results of operations for the three months ended 30 June 2023 The financial and operating information contained in this “Manageme...
Gambling Companies with a Swedish License Had a Turnover of SEK 6.7 Billion During 2Q
Strängnäs, Sweden (September 8, 2023) — Gaming companies with a Swedish license had a total turnover of SEK 6.7 billion (players’ stakes minus paid winnings) in current prices during ...
Macau’s September Gross Gaming Revenue Likely to Recede Amid Reduced Demand and Bad Weather – J.P. Morgan
MACAU, SAR (Septembber 13, 2023) — Macau’s gross gaming revenue (GGR) is anticipated to experience a month-on-month decrease of 15 to 20 per cent in September, amounting to a range of MOP14...
Sportech to Seek Shareholder Approval for AIM Delisting
Sportech PLC (“Sportech” or the “Company”) Proposed cancellation of admission of Ordinary Shares to trading on AIM September 11, 2023 — Sportech (AIM:SPO) announces ...
Tabcorp Announced Today That it Has Resolved a Dispute with the ATO in Relation to Tax Treatment for Various Licences
SYDNEY (September 12, 2023) — Tabcorp Holdings Limited (Tabcorp) announced today that it has resolved a dispute with the Australian Taxation Office (ATO) in relation to the income tax treatme...
Online Games of Chance vs Games of Skill: What Supreme Court Staying Karnataka High Court Order Means
Essentially, the SC stay indicates that online skill games played for stakes are at par with online gambling when it comes to matters of taxation, as of now. New Delhi, India (September 10, 2023) &...
Dutch Gaming Authority Conducts Market-Wide Research Into Cashback Bonuses
THE HAGUE (September 8, 2023) — De Kansspelautoriteit (Ksa), The Dutch Gaming Authority has started a market-wide investigation into cashback bonuses following a recent signal. The cashback ...
Gaming Contribution to Macau Local Economy Drops 51 Percent in 2022
MACAU, SAR (September 8, 2023) — Gross value added that gaming sector contributed to the overall economy plummeted by 51.6 per cent year-on-year to MOP30.37 billion (US$3.76 billion) in 2022,...
A Member of the Legislative Body Criticizes the Filing Charges Against Pagcor Chairman
MANILA, Philippines (September 9, 2023) — According to a local media outlet Cavite Rep. Elpidio Barzaga Jr. slammed the filing of what he termed as “trumped-up” charges against the chairm...
