Saturday, August 13, 2022


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Gaming taxes down 56.5% in Jan-May period


Gaming taxes collected by the Macau government between January and May fell 56.5 percent year-on-year to MOP21 million (US$2.6 million), according to

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Very few POGOs given green-light to restart operations


Only a handful of Philippine Offshore Gaming Operations (POGOs) have been allowed to resume operations, with applications of others denied, or tempora

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POGOs not allowed to open until taxes paid


Not one POGO operator has been given the green light to operate as of now, with all of them instructed to pay their mandatory tax obligations before b

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Gaming tax receipts down 47.9% in Jan-Apr period


Covid-19’s impact on GGR has continued to impact Macau’s gaming tax revenues, which fell 47.9 percent year-on-year to MOP20.5 billion (US$2.6 bill

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Regulation to stimulate growth


Cambodia is expected to introduce its long-awaited casino regulation in September, which may attract further investment to one of Asia’s most vibran

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Japan IR winners emerge as framework becomes clear


The increased clarity regarding the terms of IR regulation in Japan following the ruling coalition compromises is also throwing light on which institutions are now advantaged and which are disadvantaged in the race for licenses. Seth Sulkin, head of...

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Ensuring a stable business environment a priority: Promoter govt


The Primoyre government confirmed it will not double gambling taxes and said it plans to soon hold new auctions for vacant land plots. The bill was pa

Bookies oppose point-of-consumption tax in Victoria


Australia’s online bookmakers are stepping up their efforts to sway government leaders in Victoria from adopting a point of consumption tax, local m

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Summit Ascent gets downgrade over tax hike: Union Gaming


Gaming brokerage firm Union Gaming says it is downgrading its view of Summit Ascent Holdings due to the recent news of a two-fold increase in gaming t

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Tigre de Cristal certified China-friendly; gambling tax to double


The DOMINO trading zone in the Primorye-based Tigre de Cristal entertainment complex has been certified "China Friendly" under the Russian federal pro

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Lottery businesses up in arms over new GST


Over 100,000 lottery traders from across Maharashtra staged a day-long protest on Monday against the 28 percent GST on online lotteries, according to

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CAG fingers four lottery companies in Mizoram scandal


Four private companies in India have been slammed for their involvement in the Mizoram lottery scandal which allegedly led to Rs 11,808.8 crore (US$1.

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Pagcor to cap POGO licenses at 50


Philippine Amusement and Gaming Corp. (Pagcor) is looking to limit the number of accredited Philippine Offshore Gaming Operators (POGO) to 50 in order

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Imperial Pacific casino gets green light -- with conditions


Imperial Pacific has been given the go-ahead to open its casino on Saipan provided it meets certain conditions, primarily related to health and safety

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Cambodian doors to close as Vietnam opens to locals?


Cambodia’s gambling industry is eyeing moves to open up the market in neighbouring Vietnam with trepidation, though views are mixed on the potential impact. Casinos lining Cambodia’s border with Vietnam have long benefited from traffic from Vietnamese...

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S. Korea loses lustre as foreign investors withdraw


Results for South Korea’s gaming operators improved in 2016, although foreign operators appear to be losing patience, with major projects either stalled or abandoned. Market watchers say the initial euphoria faded fast when operators were faced with...

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Currency demonetization a tough pill to swallow


Indian Finance Minister Arun Jaitley’s announcement to scrap the 500 and 1,000 rupee notes will wreak havoc on the performance of Goa’s offshore c

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Pagcor reports P3.2 billion net income in first nine months


State-owned gaming regulator Philippine Amusement and Gaming Corp (Pagcor) reported net income of P3.2 billion (US$66.2 million) for the nine months e

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Goa casinos to face tax scrutiny


A number of casino operators in Goa are under the government’s scrutiny for suspected tax evasion, local media reports. The income tax (I-T) departm

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