Financial
Cabinet Sanctions Amendments For Introducing 28% GST On Online Gaming
INDIA (August 25, 2023) Background Pursuant to the recommendation of the 50th GST Council Meeting held on July 11, 2023 concerning the imposition of consistent 28% GST rate on all actionable claims...
Danske Spil Report Satisfactory Half-Year Accounts and Continued Focus on Healthy Gambling Habits
DENMARK (September 5, 2023) — Danske Spil’s half-year accounts show progress compared to the same period in 2022. The progress is mainly due to positive development for Danske Lotteri ...
PAGCOR Chief Welcomes Reported Filing of Charges over Alleged PHP75-M Missing Cash Bond
PHILIPPINES (September 6, 2023) — Philippine Amusement and Gaming Corporation (PAGCOR) Chairman Alejandro H. Tengco today said he welcomes the reported filing of charges against him and previ...
Allwyn International Q2 2023 Preliminary Unaudited Results and Update on Current Trading
Lucerne, Switzerland (September 6, 2023) — Allwyn International a.s. (“Allwyn” or the “Company”, and, together with its subsidiaries, joint ventures and associates, the “Group” or...
Upcoming Event on Anti-Money Laundering: Case-Based Training
Odense C, Denmark (September 1, 2023) — The Danish Business Authority, the Danish Security and Intelligence Service, the Danish Financial Intelligence Unit, the Danish Gambling Authority, th...
Information Commissioner’s Office Open Letter to UK Finance: A Call for Responsible Data Sharing in the Gambling Industry
United Kingdom (September 5, 2023) — In recent years, the gambling industry has seen significant growth, with online betting and gaming platforms becoming increasingly popular. However, this...
DGOJ Information for the Introduction of a System of Joint Deposit Limits Per Player
Public Information on the Draft Royal Decree Amending Royal Decree 1614/2011, of November 14, for the Introduction of a System of Joint Deposit Limits Per Player SPAIN (September 1, 2023) — F...
July 2023 Unveils Unprecedented Revenue Surge in New Jersey’s Thriving Online Gaming Scene
TLANTIC CITY, N.J., Aug. 30, 2023 /PRNewswire/ — In a heartening homage to the Garden State’s unwavering devotion to online casino gaming, Oddsseeker.com reports that July 2023 ha...
INTRALOT Announces EBITDA Growth +14% y-o-y and Positive Earnings After Tax €4.4m in 1H23
ATHENS, Greece (August 31, 2023) — INTRALOT SA (RIC: INLr.AT, Bloomberg: INLOT GA), an international gaming solutions and operations leader, announces its financial results for the six-month ...
Veikkaus Release Interim Financial Report for the Period January-June: Veikkaus’ Revenue Growing
HELSINKI, Finland (August 29, 2023) — Veikkaus Oy’s gross gaming revenue (EUR 519.0 million) increased by 0.6 per cent for the period January–June compared to the same period the pr...
Coljuegos Signs Inter-Institutional Cooperation Agreement with the UIAF and “Agreements for Legality”
Emphasis on the fight, prevention and detection of possible money laundering operations, financing of terrorism and financing of the proliferation of weapons of massive destruction. The agreement...
Supreme Court Upholds a Commission on Audit Ruling that Disallowed Pagcor’s Financial Assistance for a Flood Control Project in Laguna
MANILA, Philippines (August 28, 2023) — According to local media outlets the Supreme Court (SC) has upheld a Commission on Audit (CoA) ruling that disallowed financial assistance paid by form...
Landmark Reforms to Reduce Gambling Related Harm and Money Laundering
Overview By the end of 2025, Victorians will have the strongest gambling harm protections in Australia. The Victorian Government has announced new reforms to reduce gambling harm and money launderi...
BCLC Collaborates with Deloitte for Second Social Purpose Study
Paper Shares How Risk and Internal Audit Function in Purpose-Driven Companies BCLC’s journey to embed its social purpose into operations has highlighted opportunities to learn more and share less...
Differential Tax Treatment Between Skill and Chance-Based Games Could See Online Gaming Companies Face Hefty 28% GST Levy
Kerala, India (August 19, 2023) –It appears that the online gaming companies in India are facing a significant tax demand of Rs 45,000 crores following the implementation of a 28% Goods and S...
Call for NSW Premier to Establish a Gambling Royal Commission
SYDNEY, NSW, Australia (August 18, 2023) — According to a loca media outlet the head of the Independent Liquor and Gaming Authority warned the NSW government two years ago that organised crim...
Philippines Casino Revenue Seen Doubling by 2028 as Tourists Flock in
MANILA, Philippines (August 177, 2023) – The Philippines’ gambling industry is set to double its gross gaming revenue by 2028, as the country attracts more tourists such as wealthy Chinese gamb...
Minnesota Lottery Delivers Another Win for Minnesotans in Fiscal Year 2023
Lotto Game Sales, Prize Payouts and Contributions to the State Set Records ROSEVILLE, Minn. (Aug. 17, 2023) — The Minnesota Lottery delivered a big win for Minnesotans during its latest fiscal ye...
PA Gaming Control Board Reports Revenue Increase of 9% In July
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 July 2023 was ...
