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.
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.
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...
Imperial Pacific International has reached a settlement with the government of the Commonwealth of the Northern Marianas Islands on the amount it must
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.
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.
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.
The opposition Congress Party has called on the government in Goa to auction casino licenses instead of automatically granting them to the operators c
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
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
Government proposals presented to the ruling party this week relating to tax rates, entry fees, and casino floor space restrictions have drawn wildly
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
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