Armenia Proposes New 10% Turnover Tax on Online Casinos
Armenia’s government plans a 10% turnover tax on online casinos, citing rapid industry growth and the need for higher tax contributions.
Armenia Targets Higher Gambling Revenue with New Tax Proposal
Armenia plans a 10% gambling turnover tax, aiming to increase state revenue as betting volume surges in a growing industry.
Alberta Cuts Gambling Support Funding
Alberta ends funding for a key gambling support network while considering private online gambling expansion.
PAGCOR Hits Record PHP112B Revenue in 2024
PAGCOR achieved PHP112B revenue in 2024, a 41% rise from 2023, fueled by E-Games, despite the POGO shutdown.
Betfred and bet365 Owners Rank Among Top UK Taxpayers
Betfred and bet365 owners take second and third spots on the UK’s top taxpayer list, contributing over £538 million combined.
President Petro Doubles Down on Gambling Tax
President Petro proposes a gambling tax hike instead of broader business taxes. He aims to channel the extra revenue into healthcare.
Flutter Faces Sharp US Earnings Dip, Eyes Global Resilience
FanDuel’s parent, Flutter, slashes 2024 forecasts by $205m. US bettors cash in amid record NFL favorites streak, hurting margins.
Indian Gaming Firms Seek Interim Relief from 28% GST
India’s gaming operators push back against retroactive 28% GST. Supreme Court to decide if full deposit is taxable.
Irish Banks Launch Voluntary Credit Card Block for Gambling
Two major Irish banks introduce an optional gambling credit card block. GRAI applauds this measure as Ireland readies for 2025 market launch.
Peru Imposes Extra 1% Tax on Online Gambling
Picture your favorite online casino suddenly costing you more. Peru’s government just approved a bold 1% excise tax on all Peru online gambling tax…
Cyprus Parliament Approves Betting Levy Increase
Cyprus raises betting levy from 3% to 4.5% to fund football clubs, sparking debate over fiscal responsibility and EU compliance.
Zimbabwe Introduces 10% Tax on Sports Betting Winnings
Zimbabwe announces a 10% tax on sports betting winnings, from January 2025, amid efforts to boost revenue and regulate the gambling industry.
Dutch Tax Hike Forces JVH Gaming to Close Casinos, Cut Jobs
JVH Gaming announces closures, job cuts, and brand eliminations as Dutch gambling tax increases put pressure on the industry.
Italy's Gambling Tax Revenue Drops for the First Time
Italian gambling tax revenue fell by 6.5% in 2023, marking the first decline since COVID-19. ADM launches stricter licensing rules.
Betsson Faces Renewed Payment Blocking in Finland
Betsson’s BML Group faces renewed payment blocks in Finland after losing an appeal in the Supreme Administrative Court.
Norway Wealth Fund to Investigate Gambling and Crypto Holdings
The world’s largest sovereign wealth fund will probe gambling and cryptocurrency investments in 2025, focusing on ethical compliance.
Yggdrasil Partners with CoinCasino for Crypto Gaming Market
Yggdrasil teams up with CoinCasino, bringing its slot portfolio to crypto players and expanding its blockchain gaming footprint.
BC.Game Shuts Down UK Casino Amid Regulatory Struggles
BC.Game closes its UK operations amid licensing issues and bankruptcy. Leicester City FC sponsorship faces uncertainty.
Alleged Mismanagement Blamed for ComplianceOne Bankruptcy
ComplianceOne Group’s bankruptcy linked to alleged mismanagement and unpaid creditors, as the insolvency investigation continues.
UK Gambling Levy Spurs Industry Debate
The UK's gambling levy overhaul sparks debate over fairness, its impact on operators, and the rising risk of black market gambling.
UK Introduces Mandatory Gambling Levy and Online Slot Limits
The UK mandates a gambling levy and online slot stake limits to curb gambling harm and fund research, prevention, and treatment programs.
Could a 1% Consumption Tax Derail Peru’s Gambling Market?
Peru’s gambling market faces uncertainty as a proposed 1% consumption tax threatens growth, raises fears of double taxation.
Louisiana Considers Raising Sports Betting Tax to 51% on GGR
Louisiana’s new bill proposes increasing online sports betting tax to 51%, ending promotional credits for operators.
Playtech Explores Sale of Happybet Amid Persistent Losses
Playtech is reportedly seeking to sell Happybet, its German sports betting operator, following financial struggles and declining revenues.