Sanum Investments, a subsidy of Lao Holdings NV, which formerly managed the Savan Vegas Hotel and Casino located in the Savannakhet Province of Laos, has successfully argued its legal case against the government of Laos regarding its claim that its casino business was unjustly cancelled, reports the Straits Times. According to...
Rent paid by the Golden Nugget casino intended to go to the city of Biloxi, but that inadvertently went into the state general fund, has made its way to the Mississippi city. The $2.6 million, which is most of the city’s share of the rent once divided between the property owners,...
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 passed in 2006 mandated that the eastern state’s twelve casinos...
This week brought another break for Russian sport betting providers, as the Russian government decided to reduce the size of mandatory taxes that bookmakers have to pay to support the sport bodies in the country. The latest reduction is the second time the government has tried to make the...
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 has been proposed by Islandia officials. According to Islandia Mayor Allan Dorman, who spoke at a public hearing on Tuesday evening regarding the upcoming budget, the...
Solaire Resort and Casino owner and operator Bloomberry Resorts Corp (BLOOM.PS) says that the Supreme Court of the Philippines has decided in its favor regarding a corporate tax imposed by the Bureau of Internal Revenue (BIR), according to GGRAsia. The tax dispute has to do with a 30 percent corporate...
Japan has taken another major step toward lifting the country’s ban on casinos and opening what could become one of the world’s most lucrative gaming markets. On Tuesday, the lower house of the Diet (parliament) passed a casino bill that has taken years to advance and has piqued the interest...
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 funding for its growing budget. One of the points highlighted...
In Michigan, the Saginaw Chippewa Indian Tribe has announced that it has handed out just over $3 million to local schools and governments as part of the semi-annual distribution of net earnings from slots at its two area casinos. The federally-recognized tribe revealed that the distribution represents 2% of slot...
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 remarks during a briefing on Friday at the Moscow Financial...