HomeNewsDaily Asia Gaming eBrief: PH govโ€™t ponders 10% tax increase on online GGR

Daily Asia Gaming eBrief: PH govโ€™t ponders 10% tax increase on online GGR

Good Morning. Death by 1,000 taxes. Thatโ€™s the concern now for the online gaming industry in the Philippines, as the government is pondering increasing the levy on GGR for the sector by up to 10 percent. Experts warn that operators already pay one of the highest tax rates in the world, and an increase would likely push punters to the black market. Meanwhile, in Australia, the joint venture partners in Queenโ€™s Wharf Brisbane are considering Crown Resorts as a potential replacement for The Star in the project, potentially smoothing over the casino license transition.

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Government ponders 10% additional GGR tax on online gaming

The Philippine government is eyeing a possible increase on the tax that online gaming firms pay on gross gaming revenue. An increase of up to 10 percent is a possibility, with experts warning that this could highly stifle an industry which already faxes some of the highest tax rates worldwide. Authorities, however, are under public pressure to be seen as doing something, however efforts appear to be targeting legal operators rather than eliminating illegal ones.


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AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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