April 26, 2023

The actual value of Sri Lanka’s gaming tax contribution has decreased

The Inland Revenue Department‘s report shows that in the first quarter, betting and gaming levies in Sri Lanka increased by 42% compared to the previous year, amounting to RS1.27bn (US$3.96m). Despite the overall tax collection increasing by 216% to RS316.62bn (US$1.12bn) and an annual inflation rate of over 50%, the share of tax revenue from […]

April 26, 2023

Analysts assure that the sale of PAGCOR casinos will not pose a threat to the private sector

According to a report, the Philippine government may face challenges in finding buyers for PAGCOR’s 44 Casino Filipino sites, as they are outdated and require significant investments for upgrades. The Philippine government’s planned sale of its state-owned casinos is unlikely to pose a competitive threat to the private sector, according to a report Maybank Securities […]

April 24, 2023

Allegations of Tax Evasion in India by Offshore Gambling Firms

As per the information provided, it appears that the companies being investigated for tax evasion amounting to Rs 23,000 crore (US$2.81 million) are not registered under the Goods and Services Tax (GST) system. GST is a consumption-based tax levied on the supply of goods and services in India, and businesses with a certain threshold of […]

April 24, 2023

Sportradar expands its operations with a new office in Mumbai and hires the co-founder of Rubicube Gaming as its General Manager for India

Sportradar, the global sports data and technology company, has established a new office in Mumbai and appointed Prasun Bhadani as the General Manager for India. Bhadani brings extensive experience in sports marketing, having managed high-profile Indian Premier League (IPL) cricketers as the head of sales, marketing, and talent for the Rhiti Group of Companies. He […]