Tuesday, June 18, 2019
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AGBrief (Sharon)

868 ARTICLES

CNMI Bill proposes 10 percent net revenue tax

A local member of parliament has introduced a bill that would impose a 10 percent tax on net gambling revenue, while House Gaming Committee Chairman Ralph Yumul has drafted another that would prevent Imperial Pacific from writing off unpaid credit from its tax obligations.

Endangered seabird may have breeding ground on Yumeshima

The planned development of Yumeshima may face an unexpected difficulty as local experts suggest that an endangered seabird species called a Little Tern may be using the man-made island in Osaka Bay as its breeding grounds.

Amax sees “obvious increase” in FY2019 loss

Amax International said it expected to report an “obvious increase” in its loss for the year to end-March 2019, although it stressed the shortfall is due to one-off impairments that don’t affect the cash flow of the business.

Table Trac casino management system enters Japan

The Minnesota-based firm Table Trac, developer of a comprehensive casino management system utilized in more than 140 facilities in North and South America, has partnered with the Tokyo-based firm Broadband Security to make a bid for the coming Japanese IR market.

DFNN says hopeful PCSO spat is close to resolution

DFNN said it is hopeful a long-standing legal dispute with the Philippine Charity Sweepstake Office (PCSO) is close to being settled and it will be able to collect the PHP310 million ($5.9 million) in damages that it was awarded by a court.

Macau workers push for mid-year bonus clarity

An association representing Macau’s gaming workers has written to the territory’s Chief Executive Fernando Chui Sai On to ask the six operators to release details on mid-year bonuses, according to media reports.

Macau’s VIPs spread their wings

Macau’s reputation as the go-to destination for casino VIPs is under threat as facilities improve in other regional destinations that offer lower tax rates and better junket margins.

Asia’s IRs power up green initiatives

As concern mounts about the global environment, many of Asia’s giant IRs are taking significant steps to minimise their impact, investing heavily in green technologies and other waste control initiatives.

Konami Gaming slots enter the Caribbean region

Konami Gaming has announced that its new Opus slot cabinet will be featured at a casino in the Caribbean Sea region for the first time.

MBS drops case against Australian-Chinese gambler

Marina Bay Sands has dropped a case in which it sought to recover $10 million in gambling debts from an elusive Australian-Chinese business tycoon, local media reports.

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