Macau GGR in April was disappointing.

Macau starts April with a disappointing GGR

Gross Gaming Revenue (GGR) in Macau was lower than expected during the first week of April according to a note Bernstein released on Monday.

City of Dreams Manila revenue grew in 2016.

Casino revenue rises for City of Dreams Manila

Melco Crown Resorts reported an increase of net revenue for the City of Dreams Manila casino of 63.5 percent during last year.

Pennsylvania releseases report on race track funding.

Racetrack developement funding drops in Pennsylvania

A report released by the state indicates a slight fall in both slot machine revenue and attendance at Pennsylvania race tracks in 2016.

kenya

Stakeholders against betting tax in Kenya

Betting companies expressed their opposition to the measure that the government of Kenya set to raise taxes in all categories to 50 percent.

Gambling in India could attract higher tax rates

An official estimated that betting and gambling could attract a Goods & Services (GST) higher than 18 percent.

Macau breaks revenue record

Macau casino operators generated US$2.6 billion last month, which is the biggest revenue amount reported since February 2014.

australia

Australia tightens online gambling taxes

An agreement between state counterparts and the federal Treasurer of Australia would set a nationwide point of consumption tax.

Russia creates tax to foment sports.

Bookies to pay more taxes for sports in Russia

President Vladimir Putin signed into a law a bill that makes bookies pay 5 percent of their proceeds to foment sports in Russia.

opap third quarter

OPAP profits fall in 2016

Greek government’s tax raise impacted on OPAP, making its earnings drop one fifth in 2016.

kenya

Kenya imposes betting punitive tax

The government of Kenya decided to raise betting taxes in all categories to 50 percent.

Nevada reveals lower profits

Nevada, the gaming State has issued February’s results of the casino industry, showing a slight decline in the latest revenues.

Macau to close March results

Although gross gaming revenue (GGR) in March indicates a general year-to-year increase, Macau has not surpassed February’s results.