News October 2025
Tax hike proposed in Buenos Aires Legislation
Legislator Pablo Donati, the local head of the Republicanos Unidos (United Republicans) party, has presented a bill in the Buenos Aires Legislature aimed at modifying the current Tax Law in order to reduce the tax burden on essential goods and medical services without undermining state finances. Te initiative proposes the elimination of the
Gross Income Tax rate on basic foods such as dairy products, fruits, vegetables, meats, fish, baked goods, and grocery items, as well as integrated medical services for consultation, diagnosis, and treatment. Tese exemptions would be compensated by an
increase in taxes on gambling and betting, both in person and online. Te current rate would rise from 12 to 15 per cent for slot machines and casinos, and from six to 15 per cent for online gaming.
Allwyn buys majority in PrizePicks Operator News
Allwyn International AG, the lottery-led gaming entertainment company, is buying 62.3 per cent of PrizePicks, the largest daily fantasy sports operator in North America, for $1.6bn. If PrizePicks achieves certain performance
metrics over the next three years, additional cash consideration under the agreement could increase the implied enterprise value to a
Operator News Avenir future squashed
Tere will be no future for the Avenir casino development, which had hoped to win one of three licences for New York City, following a vote by the community advisory committee who voted four to two to reject the plan. Rush Street Gaming would have been the casino operator of Avenir, which means future in French, in New York City, in a proposal fronted by Silverstein Properties and Greenwood Gaming, for Manhattan’s Far West Side.
30 In the justification for the bill the lawmaker and
his party argued that the new tax scheme “prioritises those who need it most and coherently taxes non-essential activities that generate negative externalities, such as gambling addiction. In this sense, the project moves towards a more equitable tax system that is selective and compatible with principles of freedom, individual responsibility, and minimal state interference in
maximum of $4.15bn. For Allwyn, the transaction is a unique opportunity to enter the strategically important sports and entertainment industry in the United States, expanding its business in the country beyond its existing operation of the Illinois Lottery. PrizePicks will operate as a standalone brand
within Allwyn, led by Mike Ybarra and the existing leadership team who will be retaining the majority of their existing ownership interest.
Supplier News 1xBet extends with PSG
1xBet has extended its cooperation with Paris Saint- Germain for the next three seasons. 1xBet will keep the status of the Official Betting Partner, and its logo will be featured on LED boards and 3D carpets visible at the international level. Te partnership also includes the creation of joint content for PSG’s social networks and other digital platforms. In addition, 1xBet will regularly engage legendary players of the French club in its activities.
Supplier News Valicy Gaming launches
Te former Founder and CEO of Grover Gaming has officially launched a new brand in land-based gaming. Named by combining the names of his daughters, Valicy Gaming was unveiled during a recent company launch party held in Greenville, North Carolina. Evolving from Grover Gaming, which was recently sold to Light & Wonder for a total consideration of $1.05bn, Valicy has retained a majority of the employees from the acquisition.
Hong Kong legalises basketball betting Legislation
Hong Kong’s Legislative Council has approved the Betting Duty (Amendment) Bill 2025, clearing the way for regulated basketball wagering as part of efforts to curb illegal gambling. Te legislation empowers the Secretary for Home and
Youth Affairs to issue operator licences and permits licensees to place bets with other operators for hedging. Te Hong Kong Jockey Club is expected to be the sole licence holder under the framework. A 50 per cent duty will apply to net stake receipts, in
line with football betting. Authorities estimate legal basketball betting could generate up to HK$1.5bn in annual tax revenue, although it may take several years to achieve. Te government has pledged to pair the new regime with enforcement measures, education initiatives, and expanded support for problem gambling.
citizens’ daily economic lives.” According to the bill the initiative fits into a
much wider legislative trend which alleviates the burden on essential goods while increasing taxes on “non-priority or socially problematic activities.” As well as citing certain jurisdictions in Argentina the text states that “Colombia, the United States, and Peru have strengthened taxation on gambling to finance social programmes.”
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154 |
Page 155 |
Page 156 |
Page 157 |
Page 158 |
Page 159 |
Page 160 |
Page 161 |
Page 162 |
Page 163 |
Page 164 |
Page 165 |
Page 166 |
Page 167 |
Page 168 |
Page 169 |
Page 170 |
Page 171 |
Page 172 |
Page 173 |
Page 174 |
Page 175 |
Page 176 |
Page 177 |
Page 178 |
Page 179 |
Page 180
