Photo: The Economic Times
GST Council Defers Decision To Levy 28% Tax On Online Gambling, Casinos, Lottery
In a meeting of the GST Council, the panel defferred the decision on 28% taxation on casinos, online gaming, horse racing and lottery, until next meeting in August. Headed by Union FM Nirmala Sitharaman, the 47th GST-Council meeting on June 29, decided to tax fantasy plays. Furthermore, a GoM headed by Meghalaya CM Conrad Sangma has been asked to consider submissions of stakeholders and submit report by July 15.
Tags: GST Council, casino, 28% Tax, Gambling, Nirmala Sitharaman
Courtesy: Press Trust of India
Photo: MakeMyTrip
Goa Casinos Involved In Money Laundering, Alleges Lokhancho Ekvott
Lokhancho Ekvott, a Goan social forum, alleges that casinos in Goa are conducting massive cash transactions in contravention of the money laundering act. Casinos have devised a new approach to get around these restrictions by allowing third parties to take package deal reservations. Some well-known gamblers make payments outside of India and are offered "travel packages" or "coupons" or "discount cards" that allow them to take advantage of… read-more
Tags: Goa, casino, MONEY LAUNDERING, money transactions
Courtesy: Press Trust Of India
Photo: ABC News
Donald Trump's First Casino Building Demolished In Atlantic City
Former US President Donald Trump's first casino Trump Plaza Hotel in Atlantic City was demolished on February 17. Inaugurated in 1984 and Trump's first property ever, the building was demolished as its exterior had started to crumble due to low maintenance since its closure in 2014. However, Trump had sold the building to billionaire investor Carl Icahn already in 2016. Interestingly, Trump owned three more casinos, but they all are now… read-more
Tags: Donald Trump, Trump Plaza Hotel, Atlantic City, casino
Courtesy: WION
Photo: Knocksense
Goa Govt. Allows To Reopen Casinos From Nov 1; 50% Occupancy Permitted
Inching towards normalcy, the Goa Government on October 28 announced that the Casinos in the state can restart operations from November 1. The government has directed the casinos to follow the Standard Operating Procedures and has limited the occupancy to 50%. While making the announcement, the Goa CM added, the casinos will have to pay the license fees before they restart services. Reportedly, the state hosts six offshore casinos and 12… read-more
Tags: Covid-19, Goa, casino, Unlock Guidelines
Courtesy: Livemint
