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Primorye casino tax incentives extended to end of year

The local government has decided to extend tax incentives for the two casinos facing the economic challenges of the pandemic through the end of 2020. This two-month extension is estimated to reduce tax intake by about 7.3 million rubles (US$96,000).
Fighting cock

Philippines turns to cockfighting to raise revenue

The Philippines continues to focus on the gambling industry to raise revenue to fund the government’s coronavirus response, this time passing a law to tax the country’s popular online cockfighting industry.

Philippines eyes US$26 million from online cockfighting tax

The Philippines government has passed a bill that will permit online bets on cockfights and expects to raise at least P1.25 billion ($26 million) in revenue from taxation. 

Japan ruling party to decide IR taxation policy in December

Understanding that the decisions on how IRs will be taxed in Japan is not an issue that can be left hanging, the senior ruling party politician Akira Amari has stated that these policies will be fixed before IR operators have been selected by the local governments. He later clarified that the policy would be decided next month.
Kazakhstan, Almaty

Kazakhstan gambling law to cut tax collection, boost black market

In early July, the Mazhilis of the Parliament of Kazakhstan made amendments to the current gambling law. The new legislation was signed by the President of the Republic of Kazakhstan Kassym-Zhomart Tokayev.

Philippine online cockfighting revenues estimated at US$32 million daily

Gambling via “e-sabong” (online cockfighting) is estimated to produce PHP1.5 billion (US$32 million) in revenues on a daily basis. Calls are rising to legalize and effectively tax these activities.

South Korean tax authorities launch audit on Paradise Co.

Paradise Co., the nation’s largest private casino industry firm, is facing a deep audit of its finances from the South Korean tax authorities, right at a time it is dealing with cash flow challenges.
PAGCOR

“PIGO” tax rate to be set around 42.5 percent

The Philippines gaming regulator is looking to set a tax rate of 42.5 percent on GGR for land-based casinos offering online gambling - which is also known as “PIGO” (Philippines Inland Gaming Operator), according to a source close to the matter.

More court actions against IPI over unpaid bills

Imperial Pacific International is facing additional court action in relation to the firm’s unwillingness or inability to meet its financial obligations. The CNMI Division of Revenue and Taxation collection branch has filed another tax lien notice, and the company is said to have not complied with the federal court order to pay plaintiffs’ attorneys’ fees in one of the cases against it.
Putin tightens tax controls

Putin tightens tax controls

Russian President Vladimir Putin has signed a bill into law that will require casino operators to step up their identification of patrons in a bid to improve tax revenue.
Life After Pogos

Life After POGOs – AGB Dossier

This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.

Australian market report: How to adapt to the new normal

Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
life after pogos

Life After POGOs – AGB Pop-Up Forum

The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
AGB Webinar - Acquiring and Retaining iGaming Customers

Acquiring & Retaining iGaming Customers

In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
AGB Webinar Attracting Players, Not Fraudsters

Attracting players, not fraudsters

With sports betting restarting we are now seeing traffic levels return to pre-COVID levels. The same is unfortunately true for fraudulent activities as operators tempt players, both new and existing, with lucrative bonuses and attractive game offerings.
asia gaming briefings Dec 20

Asia Gaming Briefings – Dec 2020 Edition

Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.
news, macau, gambling

Asia Gaming Briefings – Nov 2020 Edition

While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
asia gaming briefings OCT 20

Asia Gaming Briefings – Oct 2020 Edition

Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.