gross gaming revenue (GGR) definition

gross gaming revenue (GGR) means Gross Bets less the total amount of Payout.
Sample 1
gross gaming revenue (GGR) means gross collection less payouts.
Sample 1Sample 2
gross gaming revenue (GGR) means the value of the revenues generated by all players referred by the Affiliate across all products; the Gross Gaming or (GGR) Revenue would be equal to all (settled) bets less wins. For the avoidance of doubt; any bet that is not accepted for a legitimate reason, in the sole discretion of the Company, shall not be considered a settled bet and shall not be included in the calculation of the Gross Revenue.
Sample 1

Examples of gross gaming revenue (GGR) in a sentence

  • There are no stockholder agreements, voting trusts or other agreements or understandings to which the Company is a party or by which it is bound relating to the voting of any securities of the Company, other than (1) as set forth in the SEC Documents and (2) as contemplated by the Transaction Agreement.

  • The fees are based on a sliding scale of between 20.0% and 30.0% of the monthly gross gaming revenue (GGR) generated by sports betting activities and are subject to a minimum guarantee amount of between R210 000 and R285 000 per month, depending on the length of service provided by Bettech.

  • On a hold-normalised basis, gross gaming revenue (GGR) improved 3% quarter-on-quarter to $547.9 million, reaching near the levels of 2019.

  • After the monthly gross gaming revenue (GGR) peaked in May 2014, there were 26 consecutive months of YoY declines, and this trend broke only with the opening of the Wynn Palace and Sands Parisian in Q3 2016 (Figure 1).

  • The draft outline of the STAP guidance document will be delivered to the GEF Secretariat in February 2016 with the goal of finalizing the report for Council in June 2016.

  • From the outside, there seems to be strong political consensus, and if the proposed tax rate of 18% on gross gaming revenue (GGR) is adopted, LeoVegas will find it of interest to participate in the licensing process.However, we would rather see a tax rate of 15% – like in the UK – and that lottery products are included in the licensing system.

  • Net gaming revenue is the revenue an operator earns after deducting all regional and federal taxes and promotional activity offered by the operator from gross gaming revenue (GGR).

  • In 2009 the regulation was revised to allow gaming operations with annual gross gaming revenue (GGR) less than $2 million to submit reviewed financial statements.The intent of the 2009 revision was to relieve smaller rural gaming operations of the cost of an annual CPA audit.

  • The Dutch Remote Gaming Act passed the country's Senate in February this year and is planned to enter into force in 2021 with an expected long- term tax rate for licensees amounting to 29% on gross gaming revenue (GGR).

  • The amount of any write-down of inventories to net realisable value and all losses of inventories are recognised as an expense in the period the write-down or loss occurs.Sports betting gambling leviesThe provincial gambling levies are payable to the Western Cape Gambling and Racing Board by Grand Sport and are based on the weekly gross gaming revenue (GGR) generated by sports betting activities.

Related to gross gaming revenue (GGR)

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Net Revenues means revenues less related expenses, including

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • Gross receipts means the total revenue derived from sales, work done, or service rendered.

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • Total Revenue bears the same meaning assigned to this expression in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act and promulgated in the Government Gazette on 9 February 2007;

  • TIF Revenues means incremental ad valorem taxes generated on the Redevelopment Project Property by the Project which are to be allocated to and paid to the Authority pursuant to the Act.

  • Gross income means the same as it does for income tax purposes, even if the income is not actually taxable, such as interest on tax-free bonds. Examples include: compensation for services, income from business, gains from property dealings, interest, rents, dividends, pensions, IRA distributions, social security, distributive share of partnership gross income, and alimony, but not child support.