Indian online gaming and casino firms saw their share values tumble yesterday after the country’s Goods and Services Tax Council imposed a 28% tax on funds the companies receive from customers. The move will also impact on casinos, with players liable for the tax on the amount they initially spend to purchase chips.
Delta casino plunges 30% on GST blow, gaming firms slide
Indian online gaming and casino firms saw their share values tumble yesterday after the country’s Goods and Services Tax Council imposed a 28% tax on funds the companies receive from customers. The move will also impact on casinos, with players liable for the tax on the amount they initially spend to purchase chips.