Taxes

The KPMG eGaming Summit was held at the Sunborn Hotel in Gibraltar on 21st April, and featured about 30 keynote speakers and 250 delegates. KPMG has now released a 52 page report which covers the various panel discussions and presentations highlighting the event in detail. Also included in the report are the results...
The fate of the state’s online gambling bill that sits in the Senate is no closer to being decided, as Pennsylvania Governor Tom Wolf announced Sunday night that he would let a $31 billion spending bill passed by legislatures on June 30 become law without his signature. The governor’s announcement...
Venetian Macau and MGM Macau have had their appeals denied which related to tourism taxes owed from 2011 and 2009 respectively. Galaxy Entertainment Group had previously exercised their last appeal on taxes owed from 2011. Business Daily of Macau reports that the director of the Financial Services Bureau ordered Venetian to pay...
An investigation from the state-run Commission On Audit (COA) has reportedly found that the Philippine Amusement And Gaming Corporation owes the government just over $327 million as a result of an under-remittance of tax from 2011 to 2015. After deducting a 5% franchise tax, the state-owned casino operator is required...
A report issued on Tuesday by Cambodia’s Ministry of Economy and Finance (MEF) indicates that over the first nine months of 2016, one-third more tax was contributed by the country’s casino industry. According to the MEF report, as of September 30, the country located in Southeast Asia had 69 licensed...
The owner of Rivers Casino is suing the Pennsylvania Department Of Revenue in order to challenge a local share tax that it has paid to Allegheny County and the city of Pittsburgh since opening in 2009. According to a report from the Pittsburgh Business Times newspaper, Holdings Acquisition Company filed...
The NagaWorld casino in Phnom Penh is the biggest casino in the region and has had great success in both gaming and non-gaming operations over the years. The casino is currently being audited by the Cambodian government after the authorities reported discrepancies in its 2015 tax filings. This is...
The Horseshoe Casino in Baltimore celebrated its second anniversary on August 26 and has continued to experience good success, recording more than 4 million visits during this year and revenue of over $283 million during the last eleven months. The casino recorded over 5 million visits during its first...
Casinos in the small Colorado town of Cripple Creek are reportedly cautiously optimistic about the future after the latest monthly figures revealed that they could be about to record their best year since 2004. According to a Rick Langenberg report published in The Mountain Jackpot newspaper, the former gold mining...
Lawmakers in Kenya first introduced the Betting, Lotteries and Gaming Bill into the National Assembly in June 2015 as the government was looking to impose a 7.5 percent tax on bookmakers and generate more revenue via gambling taxes for the government. There has been slow progress on the bill...
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