According to data released by the Brazilian Federal Revenue Service (RFB), in the first six months since the implementation of gambling regulation in Brazil, the industry has contributed 3.8 billion reais (approximately 687.5 million US dollars) in taxes. This figure was disclosed in the tax monthly
Brazil's Finance Minister Fernando Haddad recently made a strong statement, saying that if it were up to him, he would completely ban online gambling. He bluntly stated, "No amount of tax can justify the legitimacy of gambling platforms."Haddad described the current gambling craze as a "public healt
The Macau SAR Government recently lowered its 2025 gaming tax revenue forecast, reducing the "Special Gaming Tax" from the originally predicted 84 billion Macau patacas to 79.8 billion Macau patacas, a cut of about 5%. This adjustment has been included in the 2025 fiscal budget amendment bill that i
In May 2025, the gambling industry in Nevada experienced its third consecutive month of decline, with the total gaming revenue falling to $1.29 billion, a year-on-year decrease of 2.18%, setting a new annual low. As a key driver of the state's gaming economy, Las Vegas Strip performed particularly w
The South African Parliament is about to deliberate the "Remote Gambling Bill," which is stirring up a storm in this 40 billion rand grey industry.Toby Chance, the Democratic Alliance spokesperson for trade affairs, revealed an absurd reality in an interview: while sports betting can be legally plac
In recent years, Georgia has gradually become one of the emerging gambling markets that has attracted external attention. This small country, located at the junction of Europe and Asia, has attracted a large number of local and international gambling operators due to its open legal environment, flex
As one of the countries in Eastern Europe with an early development and mature system in the gambling industry, Romania has emerged in the global online gambling field in recent years, attracting a large number of international gambling companies to enter its market.From the early grey operation sta
The Slovak Gambling Regulatory Authority (URHH) states that physical gambling revenue is expected to decline by 2025, as online gambling revenue will increase by 30% in 2024, reaching nearly 476 million euros.URHH has released its annual report, outlining the revenue, sales, and tax income of the ga
The American Gaming Association (AGA) held a webinar to discuss the gaming industry's financial performance for 2024, which included a total gaming revenue (GGR) of $71.9 billion (€69 billion), a year-over-year increase of 7.5%. Despite AGA celebrating the continued growth, President and CEO Bill Mi
The Colombian gambling regulatory authority Coljuegos has blocked 10,000 websites and social media profiles offering illegal betting in its latest crackdown on the black market.In a press release, Coljuegos stated that a large number of these websites have been blocked because they were offering gam
The World Tote Association has released a new report suggesting that betting should be taxed differently from other forms of gambling. The report states that the racing pools play a crucial role in the sustainability of the sport.The report, authored by Martin Pubrick, is titled "Betting and Horse R
The government of Montenegro has proposed a 15% tax rate on gambling profits as part of its financial strategy. This tax is expected to bring in an additional five million euros annually, helping to offset the revenue loss from reduced pension insurance contributions. However, the proposal has faced
Online gambling was officially legalized in Colombia in 2016 In 2023, online gambling will be officially legal in PIGO, the Philippines In 2024, the Brazilian President signed a presidential decree to legalize online gambling According to data from PASA, the No. 1 get-rich-quick industr
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