Las Vegas Sands Chairman and Chief Executive Officer Sheldon Adelson chose his words carefully back in May when he announced that his firm, considered by many observers to be the frontrunner among major IR operators, had pulled out of the Japan race....
Malaysia has opened its doors to online gaming companies and is offering generous incentives to firms that relocate, according to Philippine market re
Russia has approved legislation that will significantly overhaul its sports betting industry, imposing tax on bets placed on overseas events and extending financial obligations to all market participants.
The legislative assembly in Russia's Primorye has temporarily lowered taxes for Tigre de Cristal as a relief measure over the Covid-19 outbreak, a loc
Presidential spokesman Harry Roque has warned Philippine Offshore Gaming Operators (POGOs) that they’d better pay all their taxes or else leave the
A Ukraine parliamentary committee has approved the initial tax framework for its nascent gambling industry, setting a rate of 5 percent of gross gaming revenue for sportsbooks.
Some lawmakers have grown concerned that the proposed policy on the taxation of casino winnings is too heavy-handed, and a settlement of the issue has been delayed until next year.
Osaka’s governing party has finalized its plans on how to divide IR local tax revenues in the event that the central government licenses the Yumeshima IR and its separate initiative to administratively merge Osaka prefecture and city is approved in...
President Rodrigo Duterte personally entered the debate over delinquent Philippine Offshore Gaming Operators (POGOs) on Friday, warning them that unless these firms paid their taxes within three days, they would be “punched” and “shot.”
Finance Secretary Carlos Dominguez has declared that the task force led by the Bureau of Internal Revenue (BIR) has wrung an additional PHP1.2 billion (about $25 million) in tax revenues from a delinquent POGO that was temporarily shut down in September.
Branches of the large POGO called New Oriental Club88 Corporation (NOCC) were shut down by the Bureau of Internal Revenue (BIR) after it was discovered that they had not registered to pay taxes.
The Japanese government and ruling party are concerned that foreign gamblers could slip away without paying taxes on their casino winnings, and they are now trying to design a system that will hold the casino operators responsible for collecting the needed...
The House of Representatives Ways and Means Committee unanimously approved the bill imposing a 5 percent tax on Philippine Offshore Gaming Operators (POGOs) based on gross receipts derived from gaming operations, even as one government official denied...
With the win from China-facing igaming operations forecast to hit $33 billion in 2019, the Philippines has little incentive to curb activities of POGOs.
The Ways and Means panel of House of Representatives is debating House Bill No. 5267 of Albay 2nd District Rep. Joey Salceda, with a variety of views about taxation rates being expressed by lawmakers
The Trade Union Congress of the Philippines (TUCP) has called on the government to create a new body to coordinate the regulation of offshore online gambling in the country.
Cambodia is expected to publish long-awaited legislation to regulate its gaming industry in early 2020, with the bill scheduled to introduce a system of taxation based on gross gaming revenue.
The Philippines’ Department of Finance supports the creation of two hubs to house Philippine Offshore Gaming Operators, despite misgivings from Beijing that the plan may violate the rights of its workers in the sector, local media reports.
Delta Corp., India’s only listed casino operator, plans to construct a major IR in Goa, that could include a water park, retail space and a convention center, if the government approves a policy to move the state’s floating casinos onshore, according...
Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.
ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264