Brazil's tax authority clarifies rules on betting winnings tax
Brazil's Federal Revenue Service has formalized how bettors must calculate and pay income tax on net betting winnings, confirming an annual per-category system.
Brazil's Federal Revenue Service has formalized how bettors must calculate and pay income tax on net betting winnings, confirming an annual per-category system.
Federal tax revenue from betting and gambling rose 76.86% year-on-year through July.
Russia’s Unified Gambling Regulator has outlined the payment, reporting and accounting requirements governing targeted gambling contributions to sports organisations.
The Norwegian Lottery Authority is assessing whether Polymarket constitutes illegal gambling, with DNS blocking and payment restrictions among the potential enforcement measures.
Lottery technology group reports record EBITDA despite softer Australian jackpot activity.
Gentoo Media lowered its FY revenue, EBITDA and cash-flow forecasts after Q2 revenue declined 9%, despite stronger margins, record deposits and reduced leverage.
The Australian wagering operator returned to positive normalised EBITDA in the second half, while FY27 guidance remains at AU$13m to AU$19m.
Revenue and EBITDA increased as digital growth and PrizePicks continued to support performance.
The operator originally entered into a definitive agreement to be acquired by Fertitta Entertainment on May 27 as part of an all-cash transaction valued at approximately $17.6bn.
Aliante Casino & Hotel, located in North Las Vegas, was originally opened in 2008 by Station Casinos prior to Boyd Gaming purchasing the property for $380m during 2016.