China Construction America and BML Settle over $1.6B Baha Mar Construction Summary China Construction America (CCA) and BML Properties Ltd have reached a comprehensive settlement that resolves a US$1.6 billion dispute over the construction of the Baha Mar resort in the Bahamas. CCA has not admitted wrongdoing. The settlement follows a New York judgement that […]
UK Gambling Operators Scramble to Respond to Sudden Tax Shock Summary Chancellor Rachel Reeves announced sharp increases to digital gambling taxes in the Autumn Budget, catching the industry off guard. The online casino duty will jump from 21% to 40% from next April, while the digital sports betting rate will rise from 15% to 25% […]
Kalshi resisting judge’s order to stop writing sports contracts in Nevada Summary KalshiEx LLC is refusing to comply with a U.S. district judge’s recent decision that dissolved a preliminary injunction which had allowed the company to offer yes-or-no sports event contracts to Nevada residents. Nevada gaming regulators view those event contracts as sports wagers that […]
H2GC: UK gambling tax hike will yield only half of Treasury’s expected windfall Summary H2 Gambling Capital (H2GC) finds the planned UK gambling tax rises will generate roughly £800m by FY28 — about half the Treasury/OBR’s headline forecast of £1.6bn (and significantly below the OBR’s behavioural-adjusted £1.1bn). H2GC’s analysis accounts for behavioural shifts: reduced player […]
DraftKings Pays Largest Online Casino Jackpot Worth $22.4M Summary DraftKings paid a $22.4 million jackpot on Thanksgiving to a Michigan player who won from a $0.20 wager on the slot Huff N’ Even More Puff. The payout is the largest single online casino jackpot paid in the United States, more than doubling an earlier record […]
South Africa Treasury proposes 20% tax on online gambling Summary The South Africa National Treasury has published a discussion paper proposing a 20% national tax on gross gaming revenue (GGR) for online and interactive gambling. The draft argues that online operators have not faced the same regulatory and tax scrutiny as land-based establishments, despite a […]
Skill games face scrutiny as Pennsylvania Supreme Court weighs gambling status Summary Pennsylvania’s Supreme Court is hearing a dispute over whether so-called “skill games” — machines commonly found in gas stations and convenience stores — should be classed as gambling devices. State officials, led by the attorney general and Department of Revenue, argue the devices […]
UAE Welcomes Play971 as Its First Online Gaming Brand Summary The United Arab Emirates has licensed its first fully legal iGaming operator, Play971, which is operating under a General Commercial Gaming Regulatory Authority (GCGRA) licence. The brand, owned by Momentum (the parent of The Game lottery), is currently in a soft launch with a full […]
Industry Turmoil Grows After UK Unveils Sharp Tax Hikes on Digital Gaming Summary The UK government, in Chancellor Rachel Reeves’ second budget, has announced steep tax increases on digital gambling. From next April the tax on online casino products rises from 21% to 40%, and from 2027 the rate on digital sports bets will increase […]
UK High Court Blocks Media Access to Files in GVC Turkey Investigation Summary Justice Hill on 26 November imposed a reporting restriction preventing media from publishing any material drawn from HM Revenue & Customs or Crown Prosecution Service documents, an earlier CPS summary, or other material linked to the long-running criminal investigation into GVC’s former […]
