Tax

Pari-Mutuel Tax Bill To Full U.S. Senate

The U.S. House of Representatives approved the fiscal year 2017 Financial Services and General Government Appropriations bill Thursday evening (July 7) that includes report language detailing Committe...

Tax Issue Key To Northside’s Future

Officials from Northside Downs and the Cape Breton Horsemen’s Association are concerned that the future of racing at the track could be in jeopardy if issues surrounding taxation are not addressed.

Saskatchewan To Drop Pari-Mutuel Tax

October 10, 2012

On Wednesday, October 10, the Province of Saskatchewan announced that, effective March 31, 2013, it will no longer be taking the 10 per cent tax it currently collects on horse-racing wagers.

Raceline Summary Available For Tax Season

Horsepeople can now receive a comprehensive Driver, Trainer or Owner Raceline Summary for 2011 to help with updating records or to assist with income tax filing

Racino Chance Tied To Hotel Situation

December 20, 2011

An apparent last-minute move by a hotel owner in Upstate New York could very well prove to be wind in the sails of the Wilmot Corporation's hopes to get a racino in Onondaga County

Quinn Breaks Silence On Gaming Expansion

October 17, 2011

Members of both the Illinois racing community and the state senate have been waiting quite a while for Governor Pat Quinn to officially comment on the expanded gaming bill for the state. Quinn broke h...

Trois-Rivières To Be Seized, Auctioned?

October 13, 2011

The City of Trois-Rivières has issued an ultimatum to Senator Paul Massicotte in regard to his now-defunct raceway, Sulky Trois-Rivières

Politicians, Public To Support NJ Racing?

October 12, 2011

What does the future hold for the acres which make up Perretti Farms? Are more politicians agreeing that New Jersey's horse racing industry has to be supported? Will positive poll results lead to publ...

Hall Of Fame Looking For Art

September 27, 2011

The Canadian Horse Racing Hall of Fame, a registered charity, is in search of equine art work for an upcoming auction to raise money for the Hall

Delaware Racinos Want Relief

Dover Downs Hotel & Casino CEO Ed Sutor has gone on the record as saying that his track, Delaware Park and Harrington Raceway recently had to go their banks in order to pay their most recent licen...

Indianapolis Downs, LLC Declares Chapter 11

Indianapolis Downs, LLC, which operates the Indiana Live! casino and Indiana Downs, today announced it and a related entity have filed voluntary petitions in U.S. Bankruptcy Court for the District of ...

Gamblers Can Write Off Expenses

According to a January, 2011 ruling by the United States Tax Court, professional gamblers' expenses to reach a casino or racetrack, and other expenses associated with the activity of gambling, can be ...

Betfair Move To Save £18.5M A Year

It has been reported that online exchange wagering giant Betfair will be moving to operate under a Gibraltar licence, and thus will be able to avoid the United Kingdom's 15 per cent tax on gross betti