Pennsylvania legislator offers reassurance on casino tax debacle

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 revenues, a Pennsylvania legislator is advising potentially worried municipalities that they need not panic. A measure...
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Pennsylvania Senator summons casino officials to Harrisburg Jan. 3

Pennsylvania Senator summons casino officials to Harrisburg Jan. 3

Sen. Kim Ward, R-Westmoreland, has called on officials from Pennsylvania’s 12 gambling concerns to meet in the Capital soon after the holidays. The senator says changes are needed in the state’s gambling laws and she plans to tackle the problem...
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Borgata Casino says no deal made with Atlantic City as outlined in proposed recovery plan

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

Mayor Don Guardian and Atlantic City legislators submitted a proposed financial recovery plan that was a 125 pages long outlining what the beleaguered city plans to do in the next 5 years to reduce its $500 million debt and increasing...
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Pennsylvania budget proposal contains $250 million in “gaming expansion” revenues

Pennsylvania budget proposal contains $250 million in “gaming expansion” revenues

The long-running debate on whether to legalize online casinos and daily fantasy sports wagering in Pennsylvania took an unexpected turn yesterday after governor Tom Wolf revealed that his budget proposal for the next fiscal year is set to include $250...
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2015/Q1 2016 U.S. online gambling legislation update

2015/Q1 2016 U.S. online gambling legislation update

In 2015 seven states in the U.S. considered legalizing online gambling, none of the bills got off the floor. Currently online casino games and poker are only available inside the borders of three states and one territory; Nevada, New Jersey, Delaware...
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Report; taxes on slot machines and betting shops to double in the Russian Federation

Report; taxes on slot machines and betting shops to double in the Russian Federation

The tax for slot machines and betting shops in the Russian Federation will be doubled by the Russian Finance Ministry, according to an Asia Gaming Brief report. The news agency reports that Deputy Finance Minister Alexei Moiseyev (pictured) made the...
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Pennsylvania legislators adjourn without resolving casino tax shortfall

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 local share tax on casino revenues. A measure passed in 2006 mandated that the east...
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Rivers Casino joins three other PA casinos and agrees to host community fee

Rivers Casino joins three other PA casinos and agrees to host community fee

Rivers Casino officials and Mayor William Peduto’s (pictured) administration reached a final agreement this week to pay a $10 million local government assessment in 2017 after the City Council tentatively approved the agreement between the parties last week....
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Gambling taxes now account for almost 78% of all Macau government revenues

Gambling taxes now account for almost 78% of all Macau government revenues

The government of Macau has reportedly revealed that it raked in $9.11 billion from gambling taxes over the first eleven months of 2016 with the amount accounting for some 77.8% of all revenues. According to a report from the Macau...
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UK free bet tax may extend to online casinos, bingo rooms in 2017

UK free bet tax may extend to online casinos, bingo rooms in 2017

Online casinos and bingo rooms licensed in the United Kingdom may need to adjust their budgets and promotions to take into account a 15% general betting duty to be levied on them beginning August 17, 2017. Chancellor George Osborne (pictured) revealed the d...
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Gambling tax rates increase in Russia

Gambling tax rates increase in Russia

The government website of Russia has been updated to show a new increase in gambling tax rates by the Russian Finance Ministry. These new tax rates apply to all taxable activities associated with gambling and comes after amendments were made...
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