Wednesday, August 10, 2022


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Macau gaming tax receipt down 13.3 percent in Jan


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

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IPI settles tax bill while another legal battle looms


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

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Philippines POGO tax bill filed


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

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DoF wants higher POGO taxes


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.

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POGO ban would have little economic impact: Governor


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.

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Genting Singapore expansion to have modest effect on leverage: Fitch


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.

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National Tax Agency warns public to report gambling profits


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

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Local operators criticise new bill for locals ban, fees


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.

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Congress Party calls for Goa casino license auctions


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

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


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

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


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

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Casino proposals may hit investment levels, operators warn


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

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Duterte orders seizure of Lam assets


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

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Lam can return if he apologizes and pays taxes: Duterte


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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Sanum wins appeal case against Laos government


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

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Labor MP calls for change to GST assessment


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


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

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Russia considers increasing gambling taxes tenfold


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

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Victorian government rakes in A$1.6 billion from gambling losses


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

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