Finance
Latest Finance news and updates from across the iGaming industry
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Brazil Considers Doubling Online Betting Tax Rate
Brazil’s betting and gaming sector generated BRL 6.8 billion in taxes from January to September 2025. Lawmakers now seek to double the online betting tax to 24% through Bill No. 5.076/2025 to strengthen fiscal stability.
Macau Tourism Soars to 29.67M Visitors in 2025
Macau welcomed 29.67 million visitors in the first three quarters of 2025, marking a 14.5% increase. Growth was driven by same-day travelers and strong demand from Mainland China, highlighting Macau’s tourism revival.
DigiPlus Earns Golden Arrow for Governance Excellence
DigiPlus Interactive Corp., operator of BingoPlus and ArenaPlus, has been honored with its first Golden Arrow Award from the Institute of Corporate Directors for demonstrating outstanding corporate governance, transparency, and sustainability in the Philippines.
Lula Rebukes Caixa Over ‘Bet da Caixa’ Launch
President Lula has denounced Caixa’s plan to launch “Bet da Caixa,” saying it clashes with his administration’s anti-gambling stance. The move triggers political tensions, potential financial losses, and renewed debate on regulation.
Estonia Faces Rift Over Proposed Gambling Tax Cut
A proposal by Estonia’s Reform Party and Eesti 200 to gradually cut gambling income tax to 4% by 2028 has ignited parliamentary conflict, with critics warning of revenue shortfalls and financial stability risks.
Brazil Enters Global Top Five in Online Betting
Brazil’s online betting market has grown into the world’s fifth-largest, reaching projected revenues of US$4.1 billion by 2025. Powered by Pix and football, it has transformed from a niche pastime into a digital cultural phenomenon.
Slovakia Movement Pushes for Higher Gambling Taxes
Slovakia’s populist Slovakia Movement is challenging recent government tax cuts for slot machines, calling for higher levies on gaming venues to ensure fairness, increase state revenue, and strengthen social responsibility in the gambling industry.
Sergipe Hosts Hearing to Shape New Lottery Regulation
Sergipe’s regulator Agrese held a public hearing to develop a transparent and participatory framework for its lottery system, gathering expert input from national and state officials to ensure responsible and efficient regulation.
Spain May Raise Christmas Lottery Ticket Price to €25
Spain’s lottery retailers are urging a price increase for the 2025 Christmas Lottery, seeking to raise ticket costs from €20 to €25 and boost commissions amid inflation and stagnant profits.
Erdoğan Launches Crackdown on Illegal Online Gambling
President Erdoğan has ordered an all-out crackdown on illegal online gambling in Turkey, directing ministries to block offshore betting platforms and crypto casinos amid growing concerns over addiction and financial crime.
Iceland Eyes Gambling Reform to Curb Offshore Betting
Iceland is re-evaluating its outdated gambling laws as billions flow to offshore sites. Justice Minister Þorbjörg Gunnlaugsdóttir signals support for a licensing model to regulate the digital betting market and recover lost revenue.
Playtech Shares Plunge After Named in Evolution Lawsuit
Playtech shares dropped over 30% after Evolution AB included the company in a lawsuit tied to a 2021 report. While regulators imposed no penalties, investors worry about potential legal and reputational consequences.
Zambia’s 10% Betting Tax Sparks Controversy in Africa
Zambia’s 10% betting excise duty faces legal pushback, highlighting contrasting taxation approaches across African markets. Kenya, Nigeria, and Malawi offer alternative models, reflecting efforts to boost revenue while balancing operator interests.
Betfred Warns UK High Street Over Tax Hike Risks
Betfred cautions that UK tax hikes could harm high street betting, citing closures, job losses, and economic impact. Flutter Entertainment confirms 57 Paddy Power shops will shut amid market pressures.
Belo Horizonte Lowers Betting Tax to Attract Operators
The Belo Horizonte City Council proposes reducing the betting tax from 5% to 2% to draw online operators, while also offering property tax relief to sports clubs and navigating competing gambling ad restrictions.
Macau VIP Baccarat Revenue Rises 29% in Q3 2025
Macau’s VIP baccarat market surged 29.1% YoY in Q3 2025 to MOP$16.9B, outpacing mass baccarat growth. The rebound reflects renewed high-stakes player interest and supports Macau’s overall gaming revenue expansion.