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Daily Asia Gaming eBrief: Philippines winnings tax reduction is contradictory

Good Morning. The laudable goal of helping the poor – the reason the Philippines says it’s aiming to lower its tax on personal winnings from the lottery and the casino – could actually have the opposite effect, notes Ben Lee in this week’s Under the Scope. Meanwhile, in Macau, authorities have banned over 2,000 people from entering casinos over illegal money exchange activities. And in Vietnam and Cambodia, Donaco benefits from China’s reopening, as revenue rises by nearly half.

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AGB Intelligence

UNDER THE SCOPE

BelleCorp, Philippines Charity Sweepstakes Office, contract, PCSO

A proposal to lower the taxation rate on personal winnings from the lottery or in the casino in the Philippines could fall far short of its goal of helping the disadvantaged. In this week’s Under the Scope, Ben Lee points out how lotteries are commonly known as “a regressive form of tax on the poor”, and that the new measures proposed could effectively be “robbing the poor to give to the rich”.


Joe Pisano

The Philippine Amusement and Gaming Corporation is allowing for more innovation in the country, while new openings and improved infrastructure are facilitating growth, says Jade Entertainment and Gaming Technology CEO Joe Pisano.


Corporate Spotlight

1xBet, 2023, innovation, awards, partnerships

1xBet is writing a success story with you and is happy to share its achievements in 2023. During 2023, 1xBet extended sponsorship agreements with world-famous sports clubs, cooperated with new partners and ambassadors, collected awards, and paid millions of dollars in winnings!


Industry Updates


ASEAN Gaming Summit, 2024

Registrations for the 2024 ASEAN Gaming Summit, the calendar conference of excellence of the gaming industry in the region, are officially open. Scheduled from 19th to 21st March 2024, the Summit is the gateway to the Next-Gen of gaming in Asia.


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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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