Side betting in Macau's VIP rooms is probably six times higher than the figures that are being reported and represents money that is not being taxed by the government, security expert Steve Vickers said in an interview with RTHK.
Akira Amari, the head of the ruling Liberal Democratic Party’s Research Commission on the Tax System, has clarified that the proposed tax on the winnings of overseas gamblers at Japan’s future IRs will not be imposed.
Gaming startups in India have urged the government to properly regulate online gambling, saying its losing a substantial source of potential tax revenue.
The Philippines’ gaming tax regime puts it at an advantage over some Asian peers and makes the business commercially viable, according to gaming industry consulting firm The Innovation Group.
The Philippines market regulator may be considering regulation to allow local Filipinos to gamble online to make up for plummeting revenue from the country’s legal gambling outlets, according to industry sources.
The Philippine government’s target to double revenue from online gambling looks to be on shaky ground, as only half the operators have resumed business following Covid-19 and other licensing jurisdictions look to benefit from the fallout.
The regulator of the Philippines online gambling industry, Philippine Amusement and Gaming Corporation (PAGCOR) has warned for some time now that online operators could be leaving the country for greener pastures.
Recent changes to Kazakhstan’s sports betting law are likely to fuel black market gambling and slash tax revenue for the government, experts say.
Macau’s existing six casino operators are likely to retain their licenses, but the government is likely to impose extra economic conditions in return, according to a lengthy analysis of potential outcomes of the concession renewal process by Bernstein Research.
Cambodia’s National Assembly has unanimously approved a long-awaited law to govern the country’s casinos.