Saturday, June 22, 2024 - Login

Latest

2021-03-10
The outflow of online gambling operators from the Philippines is expected to slow, at least for the time being, following amendments to tax regulations and due to uncertainties in neighbouring jurisdictions.

2021-02-01
Goa's casino industry has contributed revenue of over Rs 1277.29 crore ($175 million) to the State exchequer in the last nine years since 2012, the Chief Minister Pramod Sawant told parliament last week.

2020-12-10
The Macau government expects to collect MOP29.46bn ($3.69bn) in taxes from its casinos this year, down 42 percent from its prior prediction. MOP26.29bn will come from direct tax based on casino gross gaming revenue (GGR). MOP210m in taxes is expected...

2020-09-21
The Bureau of Internal Revenue, which had been planning to double revenue from Philippine Offshore Gambling Operators (POGOs) concedes takings are down as few have reopened following the pandemic.

2020-02-21
The Macau government’s income from gaming taxes fell 13.3 percent year-on-year in January, reaching MOP8.8 billion (US$1.1 billion), according to da

2020-02-04
Imperial Pacific International has reached a settlement with the government of the Commonwealth of the Northern Marianas Islands on the amount it must

2019-10-30
A bill that clarifies taxes on Philippine Offshore Gaming Operations, including a proposal for a 5 percent franchise tax on gross receipts, was filed in the House of Representatives on Wednesday

2019-10-22
The Department of Finance in the Philippines has said it will back a proposal for a 5 percent tax hike on the country’s offshore igaming licensees.

2019-10-03
Banning online gambling in the Philippines would have little impact on the economy, the country’s central bank governor has said, adding he would prefer the firms to leave the country.

2019-04-10
Genting Singapore’s S$4.5 billion plan to expand its non-gaming attractions will only have a modest impact on its leverage and earnings and therefore its credit rating remains unchanged, Fitch Ratings said in a report.

2019-01-18
Nepal has proposed new regulations to tighten oversight of its casinos, just five years after passing legislation to govern the sector, though some local operators have expressed disappointment at a ban on locals and high fees.

2018-11-06
The opposition Congress Party has called on the government in Goa to auction casino licenses instead of automatically granting them to the operators c

2018-10-04
The Macau government saw its direct taxes from gaming reach MOP70.9 billion (US$8.7 billion) from January to August 2018, up 17 percent from the prior

2018-03-21
The Macau Horse Racing Company has been given three years to pay its back taxes and if it fails its license will be revoked, Secretary for Economy and

2018-02-21
Government proposals presented to the ruling party this week relating to tax rates, entry fees, and casino floor space restrictions have drawn wildly

2016-12-16
Philippine President Rodrigo Duterte has ordered the seizure of all of casino mogul Jack Lam’s assets in the Philippines for allegedly not paying ta

2016-12-08
Philippine President Rodrigo Duterte said he would allow Jack Lam to do business in the country again if he apologized for bribing an official and pai

2016-10-04
Sanum Investments has won a case before the Appeal Court in Singapore against the Laos government claiming capital investment benefit losses through u

2016-06-19
An Australian Federal Labor MP has called for Western Australia to launch a High Court challenge that will force states to give up more money as part

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief