Facing financial pressures, the Philippine government is turning its attention to the rapidly growing online gambling industry. Finance Minister Ralph Recto recently revealed that the Department of Finance is pushing a new bill that aims to tax online gambling platforms, which could pass through Con
The Hong Kong government recently completed a public consultation on the legalization of basketball betting, with results showing that over ninety percent (94%) of respondents support the establishment of basketball betting and suggest that 50% of the net betting amount be used as the gambling tax r
The Dutch gambling regulatory authority, Kansspelautoriteit (KSA), announced that after closing several casino branches in the country, it will refocus on illegal gambling machines.In fact, the recent increase in gambling taxes has led to the closure of many branches, and even large operators like H
In recent years, Slovakia's online gambling market has developed rapidly, becoming one of the most potential digital entertainment industries in Central Europe. With technological advancements and the widespread use of the internet, the number of users of online casinos, sports betting, and poker p
A careful study has been conducted on the new coalition agreement of the Austrian government and whether it will lead to the liberalization of online gambling. Some stakeholders are optimistic about the upcoming gambling reforms, while others believe that the current government's view on gambling is
Morgan Stanley, based on data from PAGCOR, calculated that the annualized gross gaming revenue (GGR) of online gambling in the Philippines will reach about $2.4 billion in the third quarter of 2024, accounting for 70% of the country's land-based gambling GGR.This ratio has risen from about 40% in th
The Senate Plenary approved this Thursday the tax reform project on consumption, which will now be sent for further analysis by the Chamber of Deputies after undergoing changes. The text includes an amendment that mandates the application of the Selective Tax on sports betting. Operator associations
Due to a strike by horse racing industry participants protesting against the proposed increase in gambling taxes, France has canceled the originally scheduled horse racing events.Moreover, due to dissatisfaction with the proposal to increase gambling taxes (specifically targeting horse racing taxes)
In a recent panel discussion, Quantum Gaming CEO Oliver De Bono, partner at Mwenje and Karanja Law Firm Arnold Karanja, and founder of Betconsult Africa John Kamau participated, focusing on the nuances of massive betting and understanding financial planning when entering the African market.Financial
The CEO of AB Trav och Galopp (ATG), Hasse Lord Skarplöth, criticized the government's decision to increase gambling taxes. While discussing the second quarter results, he described the tax hike as a "horse racing tax," claiming it would disproportionately affect ATG's operations and ultimately have
To persuade Missouri voters to support the legalization of sports betting, the campaign has received substantial financial backing. According to documents recently submitted to the Missouri Ethics Commission, DK Crown Holdings, the parent company of DraftKings, has donated $3.5 million to the politi
DraftKings will not proceed with the proposed gambling tax surcharge, a decision made two weeks after the initial plan to implement it in high-tax states.The company issued a statement on Tuesday evening, announcing a change in policy and citing customer feedback as the primary reason for the change
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