Kenya Ups Its Gambling Tax Rate as On Line Betting Booms Across Africa

Kenya Ups Its Gambling Tax Rate as On Line Betting Booms Across Africa

So as to corral the development of a market that has in recent years taken a nation by storm, Kenya has imposed a major tax hike on betting organizations.

Kenyan President Uhuru Kenyatta approved a huge increase to gambling fees this week, hoping to slow the growth of exactly what politicians believe is an undertaxed online gambling boom.

On President Uhuru Kenyatta signed a finance bill into law that will levy a 35 percent tax rate on all gambling revenue for bookmakers, casinos, lotteries, and any other business involved in wagers wednesday. (That’s in addition to a 30 percent corporate income tax that all companies pay in Kenya.)

The potentially prohibitive tax enhance will connect with all types of gambling, including online gambling, which accounts for most of the gambling presently happening in Kenya. Formerly Kenya taxed bookmakers at 7.5 percent, casino gambling at 12 percent, raffles and competitions at 15 per cent, and lotteries at 5 per cent.

Supporters of the taxation and members of President Uhuru’s Jubilee party stated it was time to contain the growth of gambling that is being facilitated by technology but otherwise goes unchecked.

‘ We had been extremely concerned about betting among school-goers it difficult for people to bet,’ President Uhuru said during an online town hall in April so we made. ‘ We would like those who bet to have their cash go to projects that are constructive tax Continue reading “Kenya Ups Its Gambling Tax Rate as On Line Betting Booms Across Africa”

Miami Beach Pushes Back Against Casinos, Approves Two Ordinances to Block Gambling

Miami Beach Pushes Back Against Casinos, Approves Two Ordinances to Block Gambling

Miami Beach will probably make it extremely hard for a casino to take a foothold in the coastal island city. Late week that is last a special conference, the city payment voted unanimously in support of two ordinances that would ban all future efforts to get gambling into Miami Beach.

Miami Beach real-money-casino.club won’t be welcoming a casino to its shores any time in the future, as new city ordinances will block gambling projects from moving forward.

Though politicians in Tallahassee failed to reach a brand new gaming compact with the powerful Seminole Tribe during the 2017 legislative calendar, the state senate’s consideration of expanding gambling and authorizing commercial casinos in Southern Florida has spurred local governments towards taking their own proactive measures.

Miami Beach first voted in early May to discuss adopting new land-use regulations that bar gambling venues within town limitations. May 13, the commission ratified two ‘future land use element’ chapters that mandate that ‘All casino and gambling operations … are hereby forbidden in every land use category in the populous City of Miami Beach.’

No Miami (Beach) Vice

Miami Beach is famed for its Art Deco roads, scantily-attired sunbathers, and flashy nightlife. Nevertheless when it concerns gambling, it’s no dice for South Beach residents and visitors.

The commission cited several reasons for voting to block future gambling projects Continue reading “Miami Beach Pushes Back Against Casinos, Approves Two Ordinances to Block Gambling”

Nj-new jersey’s Frank Pallone Petitions Trump Administration to Support PASPA Review

Nj-new jersey’s Frank Pallone Petitions Trump Administration to Support PASPA Review

Nj Congressman Frank Pallone is continuing his efforts to bring legalized sports gambling to Atlantic City casinos and horse racetracks in the Garden State.

US Rep. Frank Pallone wishes the US government to stay out of sports betting, but before that, he requires the US Supreme Court to rule against a federal law passed in 1992.

In a letter this week to Acting Solicitor General Jeff Wall, Pallone (D-District 6) encouraged the third highest-ranking member in the Department of Justice to recommend to the Supreme Court that it consider reviewing the legal merits for the Professional and Amateur Sports Protection Act (PASPA).

The 1992 federal statute made it illegal for states to allow sports wagering markets to use, but with exceptions provided for four states, which Nevada only utilizes completely today.

‘New Jersey should have the exact same opportunity to proceed with sports betting that was allowed in other states,’ Pallone declared.

In 2014, Governor Chris Christie (R) signed a sports betting bill into legislation, but the NCAA, along with the NFL, MLB, NBA, and NHL, quickly interjected by having a lawsuit.

Federal courts have over and over sided utilizing the recreations organizations, and the Supreme Court is brand New Jersey’s final potential stand.

Separation of Powers

The solicitor general is often named the Supreme Court’s 10th justice, she is responsible for preparing briefs for the hig Continue reading “Nj-new jersey’s Frank Pallone Petitions Trump Administration to Support PASPA Review”

Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion

Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion

An aggressive $1 million marketing campaign backed by Sheldon Adelson, chairman and CEO of Las Vegas Sands, is trying to block legislation in Pennsylvania that would allow gaming that is video (VGTs) in vehicle stops, restaurants, bars, and off-track betting facilities.

Billionaire casino magnate Sheldon Adelson is funding team to fight proposed legislation that threatens his hold on gambling task within the Keystone State.

Adelson’s Sands Casino Resort Bethlehem is leading the fight against House Bill 1010, which will permit certain establishments to install VGTs real-money that is offering, poker, as well as other casino games.

You can find presently nearly 27,000 VGTs in Pennsylvania, most of them in the state’s 12 casinos. If HB 1010 passes, the number could more than double.

John Cunnane, a Wall Street video gaming and leisure analyst for Stifel Investment Services, told the Allentown Morning Call that such an expansion of VGTs and authorized VGT locations certainly could hurt established gaming facilities.

‘That’s an insane wide range of vgts, and we’ve seen the impact that’s had on casinos in places like Iowa and Illinois,’ Cunnane said. ‘It won’t cause a mass exodus from gambling enterprises, but they will feel the pain, no doubt.’

Media Wars

Through Sands Casino Resort Bethlehem, Adeslon gave $1 million to Pennsylvanians For Responsible federal Government (PRG), a newly created lobbying company creating Continue reading “Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion”

Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion

Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion

An aggressive $1 million advertising campaign backed by Sheldon Adelson, chairman and CEO of Las Vegas Sands, is wanting to block legislation in Pennsylvania that would enable movie video gaming terminals (VGTs) in truck stops, restaurants, bars, and off-track betting facilities.

Billionaire casino magnate Sheldon Adelson is funding a combined team to fight proposed legislation that threatens his hold on gambling activity in the Keystone State.

Adelson’s Sands Casino Resort Bethlehem is leading the battle against home Bill 1010, which may permit certain establishments to install VGTs real-money that is offering, poker, and other casino games.

There are presently nearly 27,000 VGTs in Pennsylvania, most of them in the state’s 12 casinos. The number could more than double if HB 1010 passes.

John Cunnane, a Wall Street video gaming and leisure analyst for Stifel Investment Services, told the Allentown Morning Call that this kind of expansion of VGTs and authorized locations that are VGT could harm founded gaming facilities.

‘That’s an insane number of vgts, and we’ve heard of impact that’s had on gambling enterprises in places like Iowa and Illinois,’ Cunnane said. ‘It will not cause a mass exodus from gambling enterprises, but they shall feel the pain, no doubt.’

Media Wars

Through Sands Casino Resort Bethlehem, Adeslon offered $1 million to Pennsylvanians For accountable Government (PRG), a newly formed organizat Continue reading “Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion”