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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 attempting to block legislation in Pennsylvania that would allow video gaming terminals (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 activity in the Keystone State.

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

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

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 seen the impact that’s had on casinos in places like Iowa and Illinois,’ Cunnane said. ‘It won’t cause a mass exodus from casinos, but they will have the pain, no doubt.’

Media Wars

Through Sands Casino Resort Bethlehem, Adeslon offered $1 million to Pennsylvanians For Responsible federal Government (PRG), a newly created organization that is lobbying th

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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 income tax hike on betting companies.

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

On Wednesday, President Uhuru Kenyatta signed a finance bill into legislation that will levy a 35 % tax rate on all gambling revenue for bookmakers, casinos, lotteries, and any other business involved in wagers. (That’s in addition up to a 30 % corporate income tax that all organizations spend in Kenya.)

The tax that is potentially prohibitive will apply to all kinds of gambling, including online gambling, which accounts for many of the gambling presently taking place 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 percent.

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

‘ We had been extremely concerned about wagering among school-goers it difficult for people to bet,’ President Uhuru said during an online town hall in April so we made. ‘ We want those who bet to have their money go to projects that are constru

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Kenya Ups Its Gambling Tax Rate as Online Betting Booms Across Africa

Kenya Ups Its Gambling Tax Rate as Online Betting Booms Across Africa

So that they can corral the development of a market that has in recent years taken a country by storm, Kenya has imposed a tax that is major on betting organizations.

Kenyan President Uhuru Kenyatta authorized an increase that is huge gambling taxes this week, hoping to slow the growth of 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 up to a 30 percent corporate income tax that all organizations pay in Kenya.)

The potentially prohibitive tax increase will apply to all forms of gambling, including online gambling, which accounts for many of the gambling presently taking place in Kenya. Formerly Kenya taxed bookmakers at 7.5 percent, casino gambling at 12 percent, raffles and competitions at 15 %, and lotteries at 5 per cent.

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

‘ We had been very concerned about betting among school-goers so we made it hard for individuals to bet,’ President Uhuru stated during an on-line town hall in April. ‘ We wish individuals who bet to have their money go to constructive projects th

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