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Thailand Can Lift Tourism Revenue by Legalizing Casinos, Study Says

Thailand can lift tourism revenue by about $12 billion by legalizing casinos housed within large entertainment complexes and tackle chronic illegal gambling, according to a study.

2 min read27 Mar 2024
Videos

What do GST law amendments say? | Mint Primer | Mint

The Indian Parliament has approved legislative changes to implement the Goods and Services Tax (GST) Council's proposal to impose a 28% tax on the full value of deposits made by individuals to online gaming platforms, casinos, and horse racing clubs. The amendments will come into effect from October 1st. The changes make a clear distinction between casual online games and those involving a wager, with only the actionable claims offered by 'online money games' being subject to the 28% tax. The amendments also offer relief by allowing valuation based on the amount paid or deposited by players, excluding previous winnings. The online gaming industry has expressed concerns about the increased tax burden resulting from these amendments.

21 Aug 2023
Videos

‘Game Over’: How 28% GST Could Kill The Gaming Industry | Explained

The recently announced 28% GST on the gaming industry has set the cat amongst the pigeons. Provoking very strong criticism and opposition from industry stakeholders. Roland Landers, CEO of The All India Gaming Federation said that the decision was 'unconstitutional, irrational and egregious’. Several observers and experts have called it a self-goal, and a move that could kill the nascent gaming industry in the country altogether. Why is the industry reacting so strongly? And what's the rationale behind calling the move an industry killer? Watch the video to find out.

12 Jul 2023
News

Andhra Pradesh proposes floating casinos off Vizag coast

With the state’s outstanding liabilities at ₹3.62 tn, the govt is looking at options beyond raising taxes

2 min read5 Oct 2020
News

Uttar Pradesh govt against gambling, no licences for Goa-like casinos

Bajpai sought to know if, like in Goa, the state government will consider giving licences to casinosThe MLA, however, argued that gambling is known to take place in the state during the IPL cricket season

1 min read26 Feb 2020
News

Why the House always wins in Goa

The prevalence of gambling may seem unpleasant because so many people from around India and the world are invested in an entirely different GoaA ban on Goans in offshore casinos highlights the murky nature of the gambling business in India’s smallest state

9 min read16 Feb 2020
Opinion

Opinion | Let’s legalize casinos

The government could issue casino licences, lay out clear norms on who can participate, and limit the sum of money (or number of transactions) allowed to each player on a given day

1 min read15 Oct 2019
Companies

Oyo buys Las Vegas Hooters Hotel in its first US purchase

Founded in 2013, OYO Hotels & Homes is the world’s third-largest chain of hotels, homes, managed living and workspacesValued at about $10 billion, Oyo now caters to an increasing number of corporate travellers

2 min read23 Aug 2019
Companies

Richard Branson buys Hard Rock casino-hotel in Las Vegas

The Hard Rock casino-hotel with about 1,500 rooms and suites off the Las Vegas Strip and eventually become Virgin Hotels Las Vegas

2 min read31 Mar 2018
Companies

MGM Resorts opens $3.4 billion casino in Macau as revenues boom

The new resort, MGM's second and the biggest investment in Macau, boasts a 2,000-seat theatre and artwork including 28 carpets from the Qing dynasty as well as a four-storey atrium garden space that features digital art

2 min read13 Feb 2018
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