Wednesday, August 10, 2022

Latest

Title image
Macau gaming tax receipt down 13.3 percent in Jan

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

Title image
IPI settles tax bill while another legal battle looms

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

Title image
Philippines POGO tax bill filed

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

Title image
DoF wants higher POGO taxes

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.

Title image
POGO ban would have little economic impact: Governor

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.

Title image
Genting Singapore expansion to have modest effect on leverage: Fitch

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.

Title image
National Tax Agency warns public to report gambling profits

2019-02-12

With the beginning of the national income tax filing season, the National Tax Agency is warning the public that it has a duty to accurately report the

Title image
Local operators criticise new bill for locals ban, fees

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.

Title image
Congress Party calls for Goa casino license auctions

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

Title image
Gaming taxes reach MOP 70.9 bln in first eight months of 2018

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

Title image
Macau Horse Racing Co. given three years to pay back taxes

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

Title image
Casino proposals may hit investment levels, operators warn

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

Title image
Duterte orders seizure of Lam assets

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

Title image
Lam can return if he apologizes and pays taxes: Duterte

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

Title image
Sanum wins appeal case against Laos government

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

Title image
Labor MP calls for change to GST assessment

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

New rules seen killing Russia’s online market

2016-05-18

New regulations designed to regulate online gaming in Russia would kill the market if they are introduced in their current form, but the government ma

Title image
Russia considers increasing gambling taxes tenfold

2016-02-13

Russia’s Ministry of Finance has reportedly proposed an increase on gambling tax up to ten times the current rate, according to a local source quote

Title image
Victorian government rakes in A$1.6 billion from gambling losses

2015-11-09

Victorians gambled away A$5.8 billion ($4.09 billion) during the past financial year while the state government received A$1.6 billion in taxes from g

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

3rd party / Cookies
Show settings
Contact us

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

Asia Gaming Brief