11/12/20 Only 15 out of over 60 POGOs are operating The BIR says many companies will not return until there’s a vaccine for Covid-19 and tax rates are lowered.
11/12/20 Macau gaming tax collection down 74% year-on-year In the first ten months of 2020, authorities collected US$3bn.
11/10/20 Paradise Co. under tax investigation The operator of foreigner-only casinos in South Korea says it does not know why the National Tax Service is probing its finances.
10/29/20 Philippines could tax online cockfighting events The measure seeks to impose a tax of 5 per cent on gross revenues gained from offsite betting activities on locally licensed games.
10/27/20 What the new gaming law means for Cambodia Can the country become a top international gambling destination and boost investment from the industry?
10/22/20 Malaysia loses US$724m to illegal syndicates There are six licensed NFOs in the country that report annual revenues of more than US$2.1bn and make tax payments of US$482m.
10/20/20 Macau gaming taxes collection plummets In the last nine months, Macau collected about US$2.93 billion on direct taxes of gambling activities.
10/20/20 Malaysia: tax hikes not expected for casinos RHB Investment Bank has said a new increase is unlikely as Genting Malaysia is still recovering from the financial hit wrought by the pandemic.
10/13/20 Macau: government income from junkets drops 24% Junkets accounted for only 46 per cent of last year’s GGR and paid US$37 million in taxes on commissions.
10/01/20 DoF, “prepared to work on privatisation of gambling” Finance Secretary Carlos G. Dominguez III predicts about US$6.18bn could be obtained by privatising gambling.
09/25/20 PAGCOR fee revenue down almost 50% State revenue from regulatory fees paid by POGOs is only half what it was before Covid-19.
09/23/20 Mariana delegations owe US$7m in casino tax The island of Rota is requesting the same flexibility on funds paid by IPI as other islands have had.
09/15/20 Philippines seeks to double tax income from POGOs The government will tax turnover instead of revenue, and expects to take about US$361 million a year.
09/11/20 Crown Casino wins Federal Court tax challenge The operator had argued that the cost of commissions and win/loss rebates paid to junkets should be taken into account when calculating tax.
08/23/20 Philippines wants US$2.87bn from POGOs A new law could regulate a 5 per cent franchise tax that would be charged on all bets made within the country.
