Tuesday, June 18, 2019

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.

Yantarnaya gambling zone to hold land auctions

Authorities in Russia's northernmost region of Kaliningrad have given the approval to hold land auctions for about 80 hectares of the Yantarnaya gambling zone,...

SMBC to launch Yumeshima development team

The Sumitomo Mitsui Banking Corporation (SMBC) has revealed that it will be launching a special “Osaka-Kansai Project Team” to focus on the development of...

Travellers optimistic of continuing double-digit growth

Travellers International Hotel Group president Kingson Sian is confident that the group will continue tracking double-digit growth after a strong first quarter, local media...

QC Gambling Ordinance to be implemented in her term: Belmonte

Quezon City Acting Mayor Joy Belmonte says that the ordinance that requires residents to pay entry fees to casinos may be implemented in her...

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.

TRENDING ARTICLES

Slow ramp-up expected for Grand Lisboa Palace

SJM’s Grand Lisboa Palace will suffer from s slow ramp up, and likely fall behind schedule for its opening, according to Bernstein analysts in...

New LT Game slots to be available in June

Paradise Entertainment chairman Jay Chun says he expects his latest line of slot machines, developed through its subsidiary LT Game, to be available at...

Melco to delay opening City of Dreams Mediterranean

The opening of Melco’s integrated casino resort in Cyprus has been pushed back six months due to the extensive infrastructure needed, local media reports....

Melco buys A330 to add to fleet, MNA reports

Melco Reports & Entertainment has bought a third plane, an Airbus A330, to its fleet to transport VIP gamers to its properties, MNA reports.

SkyCity online gaming site expected to launch mid-2019

SkyCity Entertainment Group on Wednesday has announced its Maltese subsidiary has partnered with international iGaming company Gaming Innovation Group Inc (GiG) to provide New...