According to an internal audit obtained by Postmedia News through freedom of information requests, River Rock Casino in Richmond accepted millions in $20 bills in July 2015. Many of these large transactions were given to VIP gamblers by third-parties, who were denied access to British Columbia’s casinos due to Canada’s […]
Author: Daniel Thompson
American Casino Operators in a Courtship Race to Enter Japanese Casino Market
Japan regulated its casino market last year. Since then, it is recognized as the biggest and most lucrative markets in the world. The country is currently formulating its laws, which will regulate the industry, but there is a range of companies, which have already revealed their interest to invest billions […]
Tax Collection is Joint Responsibility, Trinidad and Tobago’s Finance Minister Says
Trinidad and Tobago’s proposed new budget plan appears to get into gears. Apart from discussing the gambling tax hike, it was also proposed an enhanced nationwide tax collection system, which is to function like a well-oiled machine. Responding to articles and editorials in the Guardian Newspaper regarding the tax collection […]
Canada’s Casino Niagara Unveils C$7m Facelift Project
Ontario-based Casino Niagara, which was initially planned to be a temporary gambling venue, turned into more permanent than ever and it is even undergoing a reconstruction project. Casino Niagara announced that it is nearing completion on a major renovation project, which started in June this year. The casino officials disclosed […]
Massachusetts Reaps Broad Economic Benefit as Plainridge Park Casino Succeeds
Plainridge Park casino fuels Massachusetts’ coffers and boosts the state’s economy. An economic impact study that gauges the economic effects of the gambling industry on the state of Massachusetts found out that Plainridge Park generated a massive tax revenue of $100 million, adding the creation of long-term jobs for its […]
British Columbia Casino Industry Reels From Terrorist Financing Scandal
On 22nd September, Canada’s River Rock Casino Resort was rocked by an anti-money laundering scandal. The newly-elected British Columbia government dug out a buried year-old casino report, which raised some concerns regarding suspicious cash transactions at the River Rock Casino Resort in Richmond. According to the report, the casino accepted […]
Isle of Man’s iGaming Sector Strengthens Positions with Appointment of High-Profile Member
The Isle of Man revealed a key appointment, which is to further enhance its positions on the iGaming market. It was announced that Tony Ure is taking the reins of the Isle of Man’s Department of Economic Development. He was recently appointed as the new Head of eGaming. The official […]
Florida City’s New Poker Room Survives after Fulfilling State’s Deadly Jai-Alai Requirements
In mid-July this year, a new pari-mutuel facility, also known as Kings Court, swung its doors open in Florida City. Only a few months later, it seems that the gambling venue has run into troubles due to Florida’s legal framework for gambling. Under Florida law, all gambling facilities, which would […]
Greek Government Implements Gambling-Friendly Taxes to Attract Foreign Casino Investors
After the economic crisis in Greece left the country on the verge of bankruptcy, the government started to seek for ways to heal the wound and stabilize its economy. Although many people think that the gambling industry has a negative effect on the society, it is actually a key contributor […]
Trinidad and Tobago’s Gambling Tax Reform Stimulates Black Market, Former Minister Says
On Monday last week, Trinidad and Tobago’s government announced its new budget plan for the next fiscal year. It became clear that the officials consider doubling the gambling taxes. The bold move is part of the country’s approach to boost its threadbare economy. This is a big jump, which resulted […]