In This Issue:

- BULGARIA ADOPTS NEW GAMBLING TAX REGIME:

- by Nadya Hambach, LL.M (Velchev & Co.):

Bulgaria has a new gambling taxation regime effective January 1, 2014, which, together with the reasonable and balanced regulations currently in place, makes the country attractive for local licensing and gambling operations based upon a low corporate tax and highly qualified and low-priced technical specialists. One and a half years after the Gambling Act (“Act”) was introduced, the tax base for gambling has been changed and is now in line with good business practices: switching from a turnover base to a Gross Gaming Revenue (“GGR”) base....

- THE HUALAPAI GRAND CANYON DISPUTES CONTINUE:

The Hualapai (pronounced wal-lah-pie) Tribe has about 2,300 members, 1,300 of whom live on the Tribe’s northwest Arizona reservation. The enormous reservation borders the Colorado River and includes portions of the West Rim of the Grand Canyon where the Tribe operates a tourist destination called Grand Canyon West....