Thursday, July 19, 2018

Pennsylvania Senate approves temporary extension to fix local casino tax

In a 47-1 preliminary vote on Tuesday night, the Pennsylvania Senate overwhelmingly approved legislation to temporarily reinstate a mandate that requires casinos to pay...

Borgata Casino says no deal made with Atlantic City as outlined in proposed recovery...

Mayor Don Guardian and Atlantic City legislators submitted a proposed financial recovery plan that was a 125 pages long outlining what the beleaguered city...

Ministry Of Finance proposes new tax on Russian bookmakers

In Russia, the Ministry Of Finance has published proposed amendments for the nation’s gambling laws that could see bookmakers and tote operators required to...

Pennsylvania legislators adjourn without resolving casino tax shortfall

In Pennsylvania, legislators have adjourned for the remainder of the year without approving controversial legislation that would have legalized online gambling and reinstated a...

Philippine Supreme Court upholds Solaire’s exemption from corporate taxes

The Supreme Court of the Philippines has upheld its decision that declared Bloomberry Resorts and Hotels, Inc.’s (Bloomberry)(BLOOM.PS) exemption from paying a corporate tax,...

Tinian Dynasty Casino owner faces federal tax lien

On Friday, the United States Internal Revenue Service filed a notice of federal tax lien against Hong Kong Entertainment (Overseas) Investment Ltd. The company...

Pennsylvania legislator offers reassurance on casino tax debacle

Despite adjourning for the remainder of the year last week without approving a measure that would have reinstated a local share tax on casino...

Rivers Casino agrees to pay Pittsburgh $10 million in gambling tax revenue till 2017

The city of Pittsburgh announced in early October that it had requested the Rivers Casino to voluntarily remit $10 million in gambling taxes. City...

Islandia 2017 budget proposal fattened by OTB casino revenue

As a result of the expected revenue from a Suffolk OTB casino being developed in the Marriott Hotel, a $4.4 million budget for 2017...

New Tax Regulation Cuts Russian Bookmakers Some Slack

This week brought another break for Russian sport betting providers, as the Russian government decided to reduce the size of mandatory taxes that bookmakers...

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