Good morning. Taxation and now, possibly, representation. India’s Supreme Court is set to rule on the Goods and Services Tax (GST), which has caused a major blow to the nation’s gaming industry – both land-based and online, and put the future of many companies in question due to massive backlogged taxes. Meanwhile, in Thailand, a recent official study now under evaluation by authorities predicts that some 90 percent of casino patrons would be locals. This could mean as many as 37 million Thai residents potentially frequenting a future integrated resort’s casino.
What you need to know
- Indian gaming industry waiting anxiously for the Supreme Court decision on the Goods and Services Tax (GST): finance consultant.
- Thailand’s Finance Ministry study predicts 90% of casino patrons would be locals, with up to 37 million Thai residents potentially visiting.
On the radar
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- Century Entertainment Chair keeps company afloat, focused on Cambodia.
- LET Group expecting loss in 1H24, despite improvements in Summit Ascent.
- Macau’s gambling disorder cases see a significant increase in 1H24.
AGB Intelligence
INDIA
Stifled gaming industry awaiting GST decision
Gaming companies in India, including traditional land-based operations, are eagerly awaiting a Supreme Court Decision on the Goods and Services Tax (GST), which many deem to be stifling the sector. The extreme amount of the backlogged taxes has threatened not only the growth of companies, but their very survival, notes a financial consultant. However, the situation is unlikely to worsen and could potentially improve, depending on the ruling.
Corporate Spotlight
1xBet: The most popular gambling games and slots in Asia
For global betting company 1xBet, Asia is a key market for several reasons. This is why 1xBet pays special attention to the Asian market and actively promotes its sports betting platform and the most popular gambling games on the continent.
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Written by
AGBrief Editorial
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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