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Chinese President Xi Jinping’s visit to Macau next week will, according to a Reuters report, include a call for the territory to diversify away from the gaming industry and become a new financial hub, including the creation of a yuan-denominated stock exchange.
The six-member CNMI House of Representatives' minority bloc asked Speaker Blas Jonathan Attao to appoint a special committee to investigate Governor Ralph Torres on allegations of public corruption, fraud, waste, and abuse of public funds, with some of the suspicions focusing on his relationship with casino operator Imperial Pacific International (IPI).
Some lawmakers have grown concerned that the proposed policy on the taxation of casino winnings is too heavy-handed, and a settlement of the issue has been delayed until next year.
AGTech Holdings has announced that its wholly-owned subsidiary, Beijing GOT Technology, has entered into an agreement with Alibaba China to provide equipment and maintenance services including POS terminals and face recognition payment equipment, which may be applied to offline retail sales as well as lottery sales.
Police in Sabah, Malaysia, have arrested 23 Chinese nationals which they say were operating an illegal online gambling syndicate out of three apartments being used as call centers.
Osaka’s governing party has finalized its plans on how to divide IR local tax revenues in the event that the central government licenses the Yumeshima IR and its separate initiative to administratively merge Osaka prefecture and city is approved in a popular referendum expected to be held in late 2020.
Nagasaki Prefecture is moving to upgrade its maritime transportation to and from Nagasaki Airport as part of its effort to boost its IR bid.