London-listed gaming operator William Hill may recover as much as £150m from HM Revenue and Customs (HMRC) after the UK tax authority confirmed that it will not seek to appeal a tribunal ruling on the application of value-added tax (VAT) on gaming machines.
The Upper Tier Tribunal ruling dismissed HMRC’s appeal [...]
Lawmakers in New Jersey have introduced legislation that would provide significant tax breaks to help Atlantic City casinos recover the COVID-19 shutdown.
The bill would temporarily modify taxes and fees relating to casinos’ land-based operations, and also amends the current law on the use of promotional gaming credits.
The bill would waive [...]
The UK government earned more than £3bn in betting and gaming duties last year from the regulated gambling industry according to the latest figures from HM Revenue and Customs.
Licenced operators paid a total of £3,028,046,000 in betting, gaming and lottery duty in 2019, an increase of 1.5 per cent on [...]
US online gaming industry group iDEA (iDevelopment and Economic Association) has launched a three-prong strategy that would allow any land-based US operator to launch online gaming in states without iGaming legislation.
All US casinos have closed their doors to customers due to the COVID-19 outbreak, robbing state governments of hundreds of millions of [...]
Britain’s Betting and Gaming Council has warned of real fears for thousands of staff and entire businesses in the gambling industry unless government steps in to provide assistance in the face of widespread venue closures and cancelled sporting events.
According to the BGC, Britain’s casinos face an immediate crisis as customer levels [...]
Offshore online gaming operators and suppliers licensed in the Philippines may soon be liable to a 30 per cent tax on income and 5 per cent franchise tax under new legislation proposed in the Senate this week.
The proposed legislation follows a report from the Bureau of Internal Revenue (BIR) claiming that most [...]
Gamblers in the Czech Republic will have to pay income tax on winnings above CZK1.0m under new rules which came into force on January 1st, with the government also unveiling technical specifications for a new national monitoring and exclusion system for online and land-based gambling.
ZEAL Network’s myLotto24 subsidiary has entered into an agreement with the Hanover-Nord tax authority (Finanzamt) to pay €54m in assessed value-added-tax (VAT) in respect of its now discontinued secondary lottery business.
Licensed online casino and sports betting operators in Denmark will have to pay significantly higher taxes from 2021.
Offshore online gaming operators licensed in the Philippines may soon be liable to a 5 per cent gross revenue tax under a legislative proposal that received House committee approval Monday.
Philippine Finance Secretary Carlos Dominguez III has pledged his support to proposed legislation which would impose a 5 per cent franchise tax on revenue generated by Philippine Offshore Gaming Operators (POGOs) and their service providers.
The Australian state of Tasmania has confirmed that the point of consumption tax on gambling which comes into force on January 1st, 2020, will be charged at 15 per cent of net revenue, prompting an outcry from the industry.