Saturday, December 16, 2017

Taj Mahal closure will not impact PILOT money paid to Atlantic City

Atlantic City has already witnessed the closure of four casinos since 2014 and will lose its fifth casino on October 10 when the Trump Taj Mahal casino shutsdown for good. Billionaire...

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...

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...

Rivers Casino agrees to pay Pittsburgh $10 million in gambling tax revenue till 2017

The city of Pittsburgh announced in early October that it had requested the Rivers Casino to voluntarily remit $10 million in gambling taxes. City officials stated that discussions between casino officials...

Goa substantially increases casino licensing fees

In India, the government for the small state of Goa has passed legislation that considerably increases the license fees for land-based casinos while introducing two new offshore casino licensing categories. According to...

Kenya set to pass new bill that will impose higher taxes on the gaming...

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...

Sanum Investments wins round in legal fight with Laos gov’t

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...

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

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...

Israeli authorities looking into billionaire James Packer’s ties with Israeli Prime Minister Benjamin Netanyahu’s...

Australian billionaire James Packer who is the biggest shareholder in Crown Resorts has come under the radar of Israeli authorities after showering Israeli Prime Minister Benjamin Netanyahu and his family with...

Pennsylvania High Court says it is not mandatory for casinos to make payments to...

Pennsylvania’s casino industry not only generates a significant amount of revenue in the form of gambling taxes for the state government but also makes large charity payments to the local host...

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Pennsylvania online gambling legislation passes House vote

Yesterday saw the Pennsylvania House of Representatives pass a piece of proposed legislation that would legalize online gambling and daily fantasy sports in hopes...

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