Gaming Tax definition

Gaming Tax means the amount paid of any statutory, state, or federal tax imposed on Client or any of its Affiliates in respect of any betting activity by Customers using the Service via the Client Gaming Platform in the relevant period. This excludes: (i) any gaming licence fees or costs payable in connection with any Gaming Approval; and (ii) any integrity fees payable to any sport’s or eSport’s governing body.
View Source
Gaming Tax means, for any given period, any taxes, fees, assessments or levy assessed based on Internet gaming gross revenues or wagering as specified in the NJ Gaming Law or pursuant to federal Laws imposed by any Governmental Entity which are based on wagering or gross gaming revenues from time to time, which includes, without limitation, as applicable, (i) a fifteen percent (15%) tax on Internet gaming gross revenues (or the tax rate currently in effect); (ii) the alternative investment tax (at a rate as may be applicable to GN from time to time); (iii) taxes payable by GN which are attributable to Gross Gaming Revenue or wagering of GNOG, including without limitation, (1) GNOG’s pro-rata share of the extra industry payment required pursuant to New Jersey P.L. 2016, Chapter 5, C.52:27BBBB-21 (as determined based on the portion represented by Gross Gaming Revenue of the aggregate amount in respect of which GN is required to make such payment), as may be increased or decreased from time to time, to the extent determined by or attributable to the gross gaming revenue of each casino licensee and (2) GNOG’s pro-rata share of any portion of the payment commonly known at the “PILOT” to the extent determined by or attributable to the gross gaming revenue of each casino licensee pursuant to New Jersey P.L. 2016, Chapter 5, C.52:27BBBB-20 (as determined based on the portion represented by Gross Gaming Revenue of the aggregate amount in respect of which GN is required to make such payment), as may be increased or decreased from time to time; (iv) a thirteen percent (13%) tax on Online Sports Wagering gross gaming revenues (or the tax rate currently in effect); (v) the Federal Sports Wagering Excise Tax; and (vi) any replacement or additional tax or other charge in lieu thereof or in lieu of an increase thereof.
View Source
Gaming Tax means the gaming Taxes levied on Internet gaming revenues, including those Taxes specified in the State Online Gaming Law.
View Source

Examples of Gaming Tax in a sentence

  • Save as otherwise agreed by the Intercreditor Agent, the Company shall only be entitled to withdraw moneys from the Special Gaming Tax Account to pay special gambling tax as and when it falls due.

  • For the calculation of the Gaming Tax, the Parties agree to calculate the profit and loss collectively on the three Affiliated VIP Gaming Rooms and make corresponding adjustments to the Gaming Tax adjustment account on an annual basis.

  • As used herein "Gaming Tax" means any tax based on adjusted gross receipts, net gaming revenue, admissions tax or any other tax based on gaming, including but not limited to the taxes imposed by the state pursuant to Sections 313.800 et seq., ▇.▇.▇▇., or substitute state provisions, but said term does not include income taxes that are also paid by nongaming companies.

  • As used herein the term "Admission Tax" refers to one type of Gaming Tax and refers to the tax imposed by section 313.820, ▇.▇.▇▇.

  • All adjustments to the Gaming Tax adjustment account shall be paid within ninety (90) days after the Gaming Tax has been paid to the government.

  • Additionally, ▇▇▇▇ agrees that if it is no longer required to pay the additional 0.5% (of AGR) Gaming Tax (including any substitute tax) to City for whatever reason, the Development Fee shall be increased by any commensurate savings.

  • The Parties acknowledge that the Korean Government will levy an impost for contributions to the government’s “Tourism Promotion and Development Fund”/betting duty and/or tax on the gross win of the VIP room as stipulated by the Korean Government from time to time (“Gaming Tax”), and GIA represents that the Gaming Tax rate currently does not exceed ten percent (10%) per annum.

  • Because the distribution of the Net Win may not tally with the date the Korean Government levies the Gaming Tax, the Parties agree to establish a tax adjustment account after payment of the Gaming Tax.

  • The Parties will treat the prevailing Gaming Tax as an expense item in calculating the Net Win.

  • For the avoidance of doubt, the Skin Party will be responsible for filing all weekly Gaming Tax filings with the applicable Gaming Authority.


More Definitions of Gaming Tax

Gaming Tax means, for any given period, any taxes, fees, assessments or levies assessed based on Internet gaming gross revenues or wagering as specified in the IL Gaming Law or pursuant to federal Laws imposed by any Governmental Entity which are based on wagering or gross gaming revenues from time to time, which includes, without limitation, as applicable, (i) taxes, federal or otherwise, attributable to Online Casino Games and Online Poker Games as part of the GNOG Gaming Service; (ii) taxes, federal or otherwise, attributable to Online Sports Wagering as part of the GNOG Gaming Service; (iii) the Federal Sports Wagering Excise Tax, if applicable; and (iv) any replacement or additional tax or other charge in lieu thereof or in lieu of an increase thereof.
View Source
Gaming Tax means any statutory gaming tax (federal or State) and/or any government fees and/or levies and gaming duties (if any) and/or any integrity fees or league fees payable to professional and collegiate sports leagues or sport’s governing body or their designee, each incurred in the Territory directly in relation to the provision of the Games and the Sportsbook but excluding (i) all corporation and capital taxes or any other duties or taxes that do not specifically relate to the provision of the Games and the Sportsbook, and (ii) any gaming license fees or costs payable in connection with any Gaming License.
View Source
Gaming Tax means, for any given period, any taxes, fees, assessments or levy assessed based on internet gaming gross revenues or wagering as specified in the state or federal Laws imposed by any federal, state, local or foreign government or political subdivision thereof which are based on wagering or gross gaming revenues from time to time; and (B) “Federal Sports Wagering Excise Tax” means the federal excise tax imposed upon sports wagering (or the tax rate currently in effect) and/or any replacement tax.
View Source
Gaming Tax means any gaming duties, taxes, levies, imports or other similar charges applicable to the online RNG based casino and legally and validly payable by the Licensee or the Sub-Licensee to any Competent Authority resulting from applicable laws and regulations in any regulated market the Licensee and/or Sub-licensee is licensed to operate;
View Source

Related to Gaming Tax

  • Gaming Laws means all applicable constitutions, treaties, laws, rates, regulations and orders and statutes pursuant to which any Gaming Authority possesses regulatory, licensing or permit authority over gaming, gambling or casino activities and all rules, rulings, orders, ordinances, regulations of any Gaming Authority applicable to the gambling, casino, gaming businesses or activities of Owner or any of its subsidiaries in any jurisdiction, as in effect from time to time, including the policies, interpretations and administration thereof by the Gaming Authorities.

  • Gaming means that term as defined in section 2 of the Michigan gaming control and revenue act, 1996 IL 1, MCL 432.202.

  • School operating taxes means local ad valorem property taxes levied under section 1211 of the revised school code, MCL 380.1211, and retained for school operating purposes.

  • Gaming Law means any gaming law or regulation of any jurisdiction or jurisdictions to which the Company or any of their Subsidiaries (including Icahn Enterprises Holdings) is, or may at any time after the issue date be, subject.

  • Liquor Laws means the laws, rules, regulations and orders applicable to or involving the sale and distribution of liquor by the Borrower or any of its Subsidiaries in any jurisdiction, as in effect from time to time, including the policies, interpretations and administration thereof by the applicable Liquor Authorities.