Recent changes to Kazakhstan’s sports betting law are likely to fuel black market gambling and slash tax revenue for the government, experts say.
President Kassym-Zhomart Tokayev signed the Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan on Gambling into law in July. The key provision is the removal of all betting points to two designated gambling zones – Kapshagai and Burabai. A proposal to create a third zone was abandoned by lawmakers.
Authorities also plan a unified betting centre and all bets will be accounted for in a single monitoring point. According to the government, this will boost tax collection and simplify controls
It will also create a database of players that will help to deter tax avoidance and will introduce procedures for identifying problem gambling.
Under Kazakhstan’s laws, casinos are only allowed in the two designated zones. Sports betting is permitted, both through retail points and online as...
PH Resorts said it believes that in the coming months there will be a resumption of both international and local flights as vaccines are rolled out, which will spur a recovery of tourism in the Philippines and around the region.
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.