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New Jersey bills aim to help casinos recover from shutdown

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 [...]

1 min read

Regulated UK gambling industry generates £3bn in Duties for HMRC

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 [...]

1 min read

US gaming industry launches nationwide iGaming plan

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 [...]

1 min read

Betting and Gaming Council warns of job losses without urgent government support

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 [...]

1 min read
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Philippines senate proposes 30% iGaming withholding tax

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 [...]

1 min read

Czech government unveils gambling exclusion system, raises taxes

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.

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myLotto24 agrees €54m tax payment to limit risk of fines

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.

1 min read
Denmark

Danish government to raise iGaming tax to 28% from 2021

Licensed online casino and sports betting operators in Denmark will have to pay significantly higher taxes from 2021.

1 min read
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Philippines House committee approves offshore iGaming tax

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.

1 min read
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Philippines’ Department of Finance backs planned POGO tax

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.

1 min read

Tasmania to tax online betting at 15% from January

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.

1 min read

Sportpesa ends betting operations in “over-taxed and unfair” Kenya

Kenya-based international sports betting provider Sportpesa has shut down operations in its home market and lashed out at the government for its hostile attitude towards the industry.

1 min read
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