No surprises as IBJR rejects proposed 15% betting tax
IBJR argues that a 15% tax would penalize licensed operators and push consumers toward unregulated betting.
IBJR argues that a 15% tax would penalize licensed operators and push consumers toward unregulated betting.
The merger has now passed the necessary regulatory conditions, completing for an AU$55.4m transaction fee.
The operator's adjusted EBITDA for the third quarter of 2025 was reported to be $36m, representing an increase of 54%, while total revenue grew 20% from the prior year period.
The operator stated its net loss for Q3 2025 was attributed to a $256m charge for withdrawing its commercial gaming license application in New York, as well as $93m in non-cash write-offs.
Both the Las Vegas Strip and Downtown areas witnessed falls in revenue year-over-year, as the Strip reported a September 2025 revenue of just over $687.8m but decreased 5.5%.
Brazil's Secretary of Prizes and Betting, Régis Dudena, has reinforced that betting is a public service, not a free market activity.
After much debate, the taxation reform was approved with 21 votes in favor and eight against.
As the Brazilian Government renews its push for raised taxes on betting operators, the nation's Finance Minister finds backing within the opposition.
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Operator reports first annual profit since FY2020 amid improved performance in Sydney and Perth.