Tag: Taxes
Philippine government continues to mull stricter online gambling rules
13 August 2025 at 7:58am UTC-4
The Philippine Department of Finance is considering new laws for online gambling, alongside a general tax amnesty program.
Speaking at an EJAP Economic Forum in Manila earlier ...
Brazil weighs up retroactive tax collection from operators
12 August 2025 at 6:23am UTC-4
The Brazilian federal government is reported to be considering retroactively taxing sports betting companies that operate in Brazil, potentially raising BRL12.6 billion in taxes ...
Flutter leadership celebrates second-quarter results
7 August 2025 at 8:47pm UTC-4
“I’m delighted to report a strong set of results for the quarter,” began Flutter Entertainment CEO Peter Jackson, kicking off Thursday's earnings call. “Our performance in ...
Brazillian sports betting generates BRL3.79 billion in H1 tax revenue
29 July 2025 at 6:32am UTC-4
The Brazilian sports betting industry has generated BRL3.79 billion in tax income since its launch in January 2025.
Brazil’s federal revenue service, the Receita Federal do ...
BetSaracen exec claims federal gambling tax change won’t impact casual bettors
15 July 2025 at 5:47am UTC-4
Saracen Casino Resort Chief Market Officer Carlton Saffa has said he doesn’t believe that the new federal gambling tax change limiting gamblers' ability to deduct losses from ...
Senate Republicans block attempt to undo gambling tax change
14 July 2025 at 6:27am UTC-4
Republicans in the Senate have blocked a Democratic effort to undo a gambling tax change in the One Big Beautiful Bill Act that will reduce the amount of gambling losses players ...
Nevada lawmaker introduces act to combat Trump’s Big Beautiful Bill
8 July 2025 at 7:00am UTC-4
Nevada Rep. Dina Titus introduced the Fair Accounting for Income Realized from Betting Earnings Taxation Act on Monday in retaliation for President Trump’s recently passed One ...
Brazilian igaming panel calls for more certainty in the market
7 July 2025 at 7:54am UTC-4
BetMGM Brazil Head of Legal Eduardo Ludmer and Super Afiliados Head of Affiliates Pedro Lucas have both called for more certainty in the Brazilian market as they reflect on the ...
Gamblers share concern over tax hike in US budget bill
4 July 2025 at 7:44am UTC-4
Gamblers and industry stakeholders are expressing concerns over a provision in the recently passed US budget bill that will negatively effect tax provisions for gamblers.
The ...
Higher taxes to crimp DraftKings earnings but not Rush Street’s, Jefferies analyst says
3 July 2025 at 12:15pm UTC-4
New, state-level tax increases and the cost of entering the prediction markets will be a squeeze on DraftKings’ revenue in the near future. That’s the forecast of Jefferies ...
