Enrique Reyes, head of Ceuta’s Tax Services, said the city is home to more than 60% of companies authorised to operate online gambling in Spain. He said the sector supports about 1,200 direct jobs and proposed extending Ceuta’s 50% tax relief to any new taxes.
The proposed tax treatment could affect the costs of online gambling companies based in Ceuta.
The day’s most important stories, free. One email a day.
Gibraltar is pursuing a regulatory framework for prediction markets as its online gaming industry faces higher costs and restructuring, according to the account of comments by Gaming Commissioner Andrew Lyman. ADI Predictstreet was the first company authorised under the scheme; the report also cites planned UK tax increases and job cuts announced by several companies.
New York state authorities plan to impose a 72% tax rate. The rate would apply to New York City's first casino resort.
It was reported that Mexico City’s first-half gambling and betting tax receipts increased 73% year on year. Collections reached MXN166m compared with MXN96m in the prior period.
Atlantic City Council on 22 July considered extending a payment-in-lieu-of-taxes arrangement to a proposed housing development on MGM Resorts land next to Borgata. The city's nine casinos pay annual property taxes through a PILOT programme tied to gross gaming revenue.
It was reported that Dario Durigan reiterated support for tobacco-style controls on betting. He advocated greater transaction data sharing, advertising restrictions and higher taxation to discourage excessive consumption.