Tag: Taxes
Adapting U.S. slots for new IRS jackpot threshold could take months
While casino operators and players cheer the newly raised IRS threshold for reporting slot jackpots, implementing that simple-sounding... more
UK tax hit worse than expected, Jefferies analyst says
Markets were expecting a UK tax rate hike on certain gambling revenues on the order of 25% to 30%, reported Jefferies Equity Research... more
British horse racing goes ahead with strike action in tax protest
LONDON (AP) — British horse racing went ahead Wednesday with its unprecedented one-day strike to protest a feared rise in taxes on race... more
British horseracing to hold one-day strike in protest of rise in gambling taxes
LONDON (AP) — British horseracing will stage an unprecedented one-day strike on Sept. 10 to protest a proposed rise in taxes on race... more
Dotty’s slot parlor reimbursed nearly $5M for overpayment of Nevada gaming taxes
Less than a year after paying Dotty’s slot parlor chain $3.1 million for overpayment of gaming taxes, the Nevada Gaming Commission voted to... more
Senate Republicans block attempt to roll back tax hike on professional gamblers
WASHINGTON (AP) — Senate Republicans on Thursday blocked an attempt to reverse a little-noticed provision from their tax and spending cuts... more
Massive tax legislation positive for U.S. casino industry and Las Vegas, CBRE analyst says
A Wall Street analyst said the One Big Beautiful Bill Act signed by President Trump over the weekend should be positive for the domestic... more
Quick Custom Intelligence releases win/loss toolkit for new tax regulations
Quick Custom Intelligence on Tuesday released a trade-secret protected Big Beautiful Bill‑Optimized Win/Loss toolkit, a new package... more
AGA backs bill to restore 100% deduction on gambling losses
The American Gaming Association released a statement Monday backing proposed legislation to restore the 100% deduction for gambling losses.... more
Wall Street Bets: Illinois tax increases, Las Vegas outlook, New York OSB, Gambling.com
OSB tax increases in Illinois Jefferies’ David Katz on June 16 looked at how some companies are reacting to the increase of taxes on... more
