Daily Asia Gaming eBrief: Philippines winnings tax reduction is contradictory

Wednesday 31st of January 2024

Good Morning. The laudable goal of helping the poor - the reason the Philippines says it's aiming to lower its tax on personal winnings from the lottery and the casino - could actually have the opposite effect, notes Ben Lee in this week's Under the Scope. Meanwhile, in Macau, authorities have banned over 2,000 people from entering casinos over illegal money exchange activities. And in Vietnam and Cambodia, Donaco benefits from China's reopening, as revenue rises by nearly half.

What you need to know

Under the Scope: Philippines move to reduce tax on winnings could have the contrary effect it proposes: Ben Lee.
Macau police found over 11,000 individuals involved in illegal money exchange last year, banning over 2,000 from entering casinos.
Donaco’s Aristo sees revenue rise by 45 percent quarterly, as China reopening leads to increased visitation in Vietnam and Cambodia.

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MGTO offers free transport tickets from HK to Macau in February.
Macau to host sports conference featuring Li Ning and Dwayne Wade in February.

AGB Intelligence

UNDER THE SCOPE

Philippines taxation measures could fall far from goals

A proposal to lower the taxation rate on personal winnings from the lottery or in the casino in the Philippines could fall far short of its goal of helping the disadvantaged. In this week's Under the Scope, Ben Lee points out how lotteries are commonly known as "a regressive form of tax on the poor", and that the new measures proposed could effectively be "robbing the poor to give to the rich".

Philippines: largest growth market in 2024

The Philippine Amusement and Gaming Corporation is allowing for more innovation in the country, while new openings and improved infrastructure are facilitating growth, says Jade Entertainment and Gaming Technology CEO Joe Pisano.

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