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Finance

Check the latest Finance news

03/31/17

Kenya imposes betting punitive tax

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

03/30/17

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.

03/29/17

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.

03/28/17

Philippines to probe gaming finance

Philippines will insist on controlling the economic structure of gaming and casino business to avoid possible money laundering.

03/27/17

Pennsylvania to fix gambling revenues

The Supreme Court gave Pennsylvania legislators until May 26 to come up with a measure to fix gambling revenues.

03/27/17

Albany experienced revenue fall

Racetracks in Albany experienced a double digit revenue fall after the opening of two casinos in upstate New York.

03/27/17

Poker tables keep decreasing in Nevada

In less than ten years Nevada lost a quarter of its poker tables.

03/23/17

New York to stop receiving slots revenue

Seneca Nation announced that the next payment will be the last one they make to the state of New York.

03/22/17

Online gambling to boost Philippines revenues

New licenses granted by PAGCOR are set to boost the state regulator’s revenue.

03/22/17

Mississippi experiences casino revenue fall

The state experienced a big fall in casino revenues during February.

03/22/17

Private companies keep Ohio racinos alive

An expert said that if Ohio racinos weren’t owned by private companies, they would likely file for bankruptcy.

03/21/17

James Packer sold Crown notes for US$77m

As part of the company’s capital reorganisation, James Packer has just sold one million Crown notes for US$78,50 each.

03/21/17

Sands China to pay stakeholders US$0.13 a share

Sands China’s board recommended the final dividend of about US$0.13, same amount as last year, which will be paid next June 23.

03/21/17

Indian state rises lottery tax

The measure imposed by the Maharashtra government is set to take effect on July 1.

03/20/17

Kenya’s national budget to increase gambling taxes

As the annual reading of the national budget gets closer, several experts advised MPs to increase gambling tax rates in Kenya.

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Focus Gaming News is a media group that produces a daily online newspaper aimed at international gaming executives. This communication tool is visited by more than 140,000 monthly readers around the world and delivers up-to-date news from the gaming and iGaming businesses. Focus Gaming News also releases a daily newsletter and it is received by more than 35,000 subscribers. It features news on regulation, legislation, sports betting and online and land-based gaming, as well as reports on the latest products and trends, interviews with key specialists, and more. There are also Focus Asia Pacific, Focus Africa, Focus Latin America, Focus Brasil and Focus UAE – five daily releases focusing exclusively on these specific markets.